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Angola: short-cycle oil gains but gas travails?
The country’s government may have different upstream development priorities to IOCs, with particular impact on the gas sector
Angola promotes E&P prospects
The country continues to roll out a busy programme in the hope of reversing the recent decline in its upstream sector
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The country’s offshore upstream remains a draw for IOCs even as they grow increasingly selective about their portfolios
Letter from Africa: Upstream opportunities abound as majors step back
There are plenty of large sellers and smaller buyers, but there may be a medium-size missing piece
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The companies are considering combining their oil, gas and LNG assets in Angola into a new joint venture
Angola brings new deepwater project online
Production at Zinia Phase 2 comes after years of upstream stagnation
Double trouble for West African upstream
Corporate carbon goals and local regulatory regimes will determine whether the region’s deepwater sector can attract renewed interest from investors
Ultra-deepwater Namibe in doubt, despite ExxonMobil deal
US major’s investment boosted prospects of Angola’s beleaguered oil sector, but its blocks are unlikely to be economically viable without a crude price rebound
Covid-19 puts African energy on pause
Discoveries have been almost non-existent since the pandemic, and investments in the power sector have stalled despite urgent need
Global announcements and developments June
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
Angola Angola LNG
Ian Lewis
14 May 2019
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Angola reforms set to survive Sonangol sackings

The new boss of Angola’s state oil firm is seen as another safe pair of hands

Last week's sacking of Sonangol chairman Carlos Saturnino and most of the company's board was ostensibly due to President Jao Lourenço's dissatisfaction with the way the company handled a fuel import crisis. But other factors may be been at play too. The country has been suffering fuel shortages, as it failed to import enough refined products to meet demand. Although Angola is Africa's second largest oil exporter, it can only meet less than a fifth of its own fuel needs from domestic refineries and must import the rest Lourenço blamed a lack of communication between Sonangol and the relevant government departments for the fuel shortage. Meanwhile, Sonangol, which oversees fuel imports, ha

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