Angola | Egypt Oil & Gas - Part 11
Senegal Consortium Expanding Drilling Prospects for SNE Block
FAR and its Senegal joint-venture partners Cairn Energy, ConocoPhillips and Petrosen are planning to transform the SNE (SEN, 32/11) Field off Senegal into a development hub, reported E&P magazine. The consortium’s...
Angola’s Sonangol Evaluating Blocks, Resolving Oil Spills
The Angolan state oil company Sonangol issued a statement that it is expected to award concessions and sign contracts with contractor groups in 45 days time, after finishing its examination of onshore oil blocks in th...
Angolan Oil Sector Faces Tough Choices in Low Price Environment
Angola’s Oil minister, Botelho de Vasconcelos, urged that his country’s petroleum sector show a greater commitment with a view to meeting the new challenges of the oil industry, reported AllAfrica. This wa... Angola’s Oil Production Goal for 2016 ‘Overly Optimistic’
Angola is unlikely to produce 2m b/d in 2016, said the office of economic and financial studies of the Portuguese bank BPI, adding that this is “an overly optimistic goal,” MacauHub reported. “The Angolan authorities ...
Angola Petroleum Downturn Hits Exports and Tenders
Hellenic Shipping News was able to learn that Angola is set to export only 55 cargoes, or around 1.77 million b/d of crude oil in November. This is down from the original 1.83 million b/d planned in October, in part b...
Chinese Slowdown Catching Up with Angolan Crude Sales
West African crude trading slowed on Monday with Angola’s October program nearly cleared out, reported Reuters. There was a mini buying spree from China at the close of the previous week but traders said it was ... Oil Companies Ponder Exiting Angola Due to Regulatory Costs
A series of measures introduced by Angola’s government in recent years has pushed production costs up as much as $500m annually and the country risks losing investment from foreign oil companies, Jean-Michel Lavergne,... Luanda’s African Caucus Asks For New Funding Resources
The problems in developing the Continent due to lack of resources was highlighted during the welcoming speech of the President of the African Group and Minister of Finance of Angola, Armando Manuel, at Luanda Caucus 2...
