Sub-Saharan Africa is expected to start operations of 43 crude and natural gas projects in total by 2025. Tullow Oil plc, Total S.A, Chevron Corporation, and Eni SpA are interested in the regional investments.
Angola's Finance Ministry has halved its economic growth forecast for this year and decreased government's expenditure amid the fall of oil prices which affected the state revenues.
Angola's activist accused the president of acting unconstitutionally after appointing his daughter as head of Sonangol, asking Attorney General to revoke her appointment.
Angola will investigate reports of a $50b shortfall in the accounts of Sonangol, the state-run oil company, local newspaper Valor Economico reported, citing unidentified people close to international consultants hire ...
The Angolan President, Jose Eduardo dos Santos, has appointed his billionaire businesswoman daughter, Isabel dos Santos, as the Head of the state energy firm Sonangol, a move that was sharply condemned by the main op ...
The US company Cobalt International has made a “significant” discovery of condensates and natural gas in the Zalophus # 1 well in Block 20 in the Angolan sea. The exploitation would yield 2mbp/d for three years.
Angolan state oil company Sonangol has found oil and natural gas reserves in the basins of the Kwanza and Congo rivers that may total 2.2b boe. The reserves, if they are confirmed, are sufficient to produce 2mb/d for ...
Angola will begin loan negotiations with the International Monetary Fund on a three-year loan facility next week as lower oil prices hammer the finances of Africa's second-largest crude exporter, the Finance Ministry ...