Tag: Sonangol

Author | Legal Icon | Energy Expert

Sonangol Sells its Puma Energy Shares for $600M to Trafigura

Angolan state-owned oil company, Sonangol, has agreed, in a tripartite agreement, to sell 31.78% of its assets held in Puma Energy to Trafigura at $600 million. In another transaction, the...
Read More

Sonangol Excludes Galp from Asset Disposal Programme; Sonatrach Signed 1,100 Contracts Over 2020

Commenting on the national asset disposal programme, the state-owned oil company, Sonangol, has announced that it will retain its strategic interest in Galp Energia, its Portuguese counterpart. The development was...
Read More

Total and Greentech to Build and Operate 35 MWp Solar Plant in Angola

A subsidiary of French oil and gas company, Total - Independent Power Producer (IPP), Total Eren, has obtained the agreement of the Angolan government to build a 35 MWp photovoltaic...
Read More

Angola to Sell Stakes in Sonangol and Endiama to Generate Funds

The Finance Minister of Angola has announced that Angola will start a partial disposal of its National Oil Company, Sonangol, and diamond firm, Endiama, by the end of 2021 or...
Read More

Angola’s Sonangol and Gemcorp Reach Final Decision on $920M Cabinda Refinery

In an official release from the Angolan national oil company, Sonangol, it announced that the Final Investment Decision with Gemcorp for the construction of the Cabinda Refinery in the capital...
Read More

Angola Signs Three Agreements with ExxonMobil for the Exploration of the Namibe Basin

The Angolan National Oil, Gas and Biofuels Agency (ANPG) has signed three Risk Service Agreements with ExxonMobil and Sonangol intending to increase the exploration area in the offshore area, Angola. The...
Read More

Angola Set to Begin Construction of the Cabinda Refinery

Angola is ready to commence the construction of an oil refinery in the northern Cabinda province. This is after it received the landmine-free certificate which attests to the safety of...
Read More

Qatar Petroleum Acquires 30% Interest in Angolan Block 48

Qatar Petroleum has entered into a farm-in agreement with the National Oil Company of Angola, Sonangol, and French Oil and Gas giant, Total, for the acquisition of a 30% participating interest...
Read More

Angola to Reduce Number of Cargoes Sent to China

The APPO and OPEC member country is reducing its oil exports to China. This comes after the OPEC+ production cuts agreement that went into effect in May, which has been extended...
Read More

Angola Executes Farm-in Agreement with Melbana Energy

Sonangol Group (Grupo Sonangol), the state-owned company tasked with overseeing the affairs of petroleum and natural gas production in Angola, has executed a farm-in agreement with Australian oil and gas...
Read More