ConocoPhillips’ Omosi-1 deepwater exploration well in Block 37 offshore Angola in the Kwanza Basin has been drilled to a total depth of 20,666 feet. A gas column of approximately 525 feet was encountered in the prim ...
Puma Energy, whose largest shareholder is commodity trader Trafigura Beheer BV, opened an offshore fueling system in Angola’s capital to expand a terminal that could cost as much as $400 million.
The African Petroleum Producers Association, which represents oil and gas producers from Algeria to South Africa, called for a cut in oil output globally.
Plunging oil prices have been an economic windfall for U.S. consumers, primarily through greater savings at the pump. In energy-reliant countries around the world like Angola, however, the effect has been far less be ...
BP has declared force majeure on oil output from an Angolan oil project which provides almost 10 percent of the OPEC member's exports after a power loss.
Marathon Oil Corp on Wednesday said it would cut its 2015 capital budget by another 20 percent to $3.5 billion, and reported that fourth-quarter profit rose, on a gain related to the sale of oil and gas properties in ...
Dyna-Mac has secured a S$60-million ($44-million) letter of award to construct six units of FPSO topsides modules for Armada Cabaca Ltd., an affiliate of Bumi Armada Berhad.
Angolan President Jose Eduardo dos Santos said oil revenue in this year’s budget will plunge by almost half, forcing Africa’s second-largest crude producer to cut spending.
Genel Energy says it will pull out of its drilling programs offshore Malta, Angola, and Morocco and record a non-cash exploration write-off of around $480 million in its 2014 accounts.