Cobalt, Sonangol Deal Falls Through

• Tuesday, 23rd August 2016
• by Egypt Oil & Gas

The US firm, Cobalt International Energy Inc, announced that the proposed $1.75b sale of a 40% stake in two offshore oil blocks in Angola to the state oil company, Sonangol, has automatically ended, after failing to o...

Angola Discovers More Gas In the Sea

• Tuesday, 10th May 2016
• by Egypt Oil & Gas

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 company said in a statement according to MacauHub. Acc...

Houstan Firm Sells Angolan Assets during Corruption Investigation

• Wednesday, 26th August 2015
• by Egypt Oil & Gas

Angola’s state-owned oil company Sonangol agreed to acquire Cobalt International Energy Inc.’s 40% interest in its offshore Angolan discoveries for $1.75b, reported Bloomberg. The sale is supposed to help the company ...