Search results for: Sonangol

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  • 8 August 2017

    Oil and gas exploration firm Cobalt International has yet to resolve a dispute with Angolan state-owned oil company Sonangol over impairment charges related to its assets in Angola. To remind, Sonangol in August 2015 agreed to buy all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11 offshore Angola for $1.75 billion. A year later, it became […]

  • 14 March 2017
    Business & Finance

    Oil exploration company Cobalt International Energy is in dispute with the Angolan state-owned oil company Sonangol over impairment charges related to its assets in Angola.  Cobalt on Tuesday reported a net loss of $1.87 billion for the fourth quarter of 2016, compared to a net loss of $486.8 million for the fourth quarter of 2015. […]

  • 10 June 2011
    Business & Finance

    A delegation of 15 representatives lead by Mr. Bento Lorenco, Vice President of Sociedade Nacional de Combustiveis de Angola (“Sonangol”) and Mr. Xu Shunqing, General Manger of China Sonangol International Limited (“China Sonangol”) recently paid a visit to China Oilfield Services Limited (“COSL” or” the Company”). Mr. Yu Zhanhai, Vice President of COSL received the […]

  • 28 November 2017
    Project & Tenders

    Italian energy giant Eni signed a memorandum of understanding with Angola’s Sonangol to assess associated and non-associated gas resources in Angola’s offshore. 

  • 2 August 2016

    Cobalt International Energy has informed it is unlikely that its sale agreement with Sonangol for two blocks offshore Angola will close.  The deal, worth $1.75 billion, according to which Sonangol was to acquire all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11 was made in August 2015. According to Cobalt’s second quarter 2016 update on Tuesday, […]

  • 20 December 2011

    Statoil  has been awarded operatorship for blocks 38 and 39 and partner position in blocks 22, 25, 40 in the Kwanza basin in Angola. This follows the conclusion of the competitive Limited International Bidding Round organised by Sonangol for access to pre-salt acreage in the Kwanza Basin offshore Angola. “With 20 years of experience in […]

  • 15 October 2019
    Exploration & Production

    The Sonangol Quenguela drillship is being held by Malaysian Maritime Enforcement Agency due to docking without permission. 

  • 20 December 2011
    Business & Finance, Operations & Maintenance

    Statoil has been awarded operatorship for blocks 38 and 39 and partner position in blocks 22, 25, 40 in the Kwanza basin in Angola. This follows the conclusion of the competitive Limited International Bidding Round organised by Sonangol for access to pre-salt acreage in the Kwanza Basin offshore Angola. “With 20 years of experience in […]

  • 12 March 2012
    Business & Finance

    Tidewater Inc.  announced today the following update with respect to its negotiations with Sonangol, the national oil company of Angola, regarding Sonatide, the joint venture between Sonangol and Tidewater through which Tidewater markets its boat services to energy companies for operation in the waters offshore Angola. Tidewater has a 49% ownership interest in Sonatide. The […]

  • 24 August 2015
    Business & Finance

    Sonangol, a company responsible for the management of oil and gas reserves in Angola, and Cobalt International Energy, Inc. on Monday announced the signing of a Sale and Purchase Agreement for Sonangol to acquire all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11 offshore Angola. Sonangol will acquire the interest in two blocks […]

  • 11 January 2013
    Business & Finance

    The Suezmax tanker AST Sunshine was named yesterday at a ceremony at Samsung Heavy Industries (SHI) in Geoje, South Korea. The vessel is owned by Stena Bulk and Japanese Asahi Tankers, each with 50 percent, in the joint venture Asahi Stena Tankers. The tanker is a third generation, fuel-efficient Suezmax and will be employed on the […]

  • 17 December 2018
    Project & Tenders

    Oil majors BP and ExxonMobil have each signed deals with Sonangol for operations offshore Angola.

  • 3 July 2014

      Statoil said it is divesting equity in blocks 38 and 39 in the Kwanza basin offshore Angola. “The transactions are part of Statoil’s continued optimisation and portfolio adjustments process. We do this to maximise value of core assets. The transactions will allow Statoil to unlock capital ahead of an extensive drilling campaign in the […]

  • 17 November 2014
    Business & Finance

    The Chairman of Sonangol, the National Oil Company of Angola, Francisco de Lemos Maria, and Eni’s CEO Claudio Descalzi signed today a strategic agreement on future co-operation activities and joint projects in the oil and gas sector to develop in the country. Under the agreement, Eni and Sonangol will set up a joint team aimed […]

  • 1 September 2011

    Today Mrs Rosa Jose Marie Sumbe, wife of Mr. Baptista Sumbe, Executive Chairman of Sonangol Holdings Ltd, named Stena Bulk’s first ultra modern, low consumption and partly in-house designed, Suezmax tanker Stena Superior at a ceremony at Samsung HI, Geoje, Korea. The Stena Superior is the first Suezmax tanker in the series of seven vessels […]

  • 23 August 2016
    Equipment

    Cobalt’s proposed sale of interest in two offshore blocks in Angola to the state-run oil firm Sonangol has fallen through, as expected. The Houston-based oil exploration and production company Tuesday said that the purchase and sale agreement for Cobalt’s 40% participating interest to Sonangol expired on August 22, and was thus terminated. To remind, earlier this […]

  • 11 May 2007

    Total announces that it has finalised the agreements for its entry into two exploration blocks in the deep offshore Angola in the framework of the licensing round 2005/2006 organised by Sonangol E&P. Total takes a 30% interest, as operator, in the block 17/06, alongside Sonangol P&P (30%), SSI Seventeen (27.5%), Falcon Oil (5%), ACR (5%), […]

  • 5 December 2017
    Business & Finance

    French oil major Total and Angola’s Sonangol on Monday signed several agreements covering both upstream and downstream activities. 

  • 4 September 2019
    Business & Finance, Exploration & Production

    Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Sonangol, has secured a nine-well contract with six options, each for one well, in Angola for the Libongos drillship.

  • 18 June 2013
    Vessels

    Petrobras said it has purchased its first shipment of LNG on Friday from Angola. The commercial agreement was signed with Sonangol, the Angolan state company, and a shipment of 160,000 m³ of LNG, equivalent to 96 million m³ of natural gas, left the port of Soyo, Angola, on Sunday onboard the LNG carrier Sonangol Sambizanga […]

  • 3 July 2014
    Business & Finance, Operations & Maintenance

    Statoil is divesting equity in blocks 38 and 39 in the Kwanza basin offshore Angola. “The transactions are part of Statoil’s continued optimisation and portfolio adjustments process. We do this to maximise value of core assets. The transactions will allow Statoil to unlock capital ahead of an extensive drilling campaign in the Kwanza basin,” says […]

  • 6 December 2013

    VAALCO Energy, Inc. has received written confirmation from The Ministry of Petroleum of Angola that the available 40% working interest in Block 5, offshore Angola, has been assigned to Sonangol E.P., the National Concessionaire. The Ministry of Petroleum also confirmed that Sonangol E.P. will assign the aforementioned participating interest to its exploration and production affiliate, […]