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Angolan opposition leader Isaías Samakuva is highlighting the ruling party’s continued failure to deliver basic services following last year’s elections, the second since the civil war ended a decade ago. Visiting the United States and Europe in late April and early May, he repeatedly warned his interlocutors that they should not be misled by the apparent calm in the country. “Angola is sitting on a powder keg,” the leader of the União Nacional para a Independência Total de Angola (Unita) told African Energy in an interview, saying that Angolans were urging his party to organise protests against the lack of power, water and health services.

Angola
Subscriber

Cobalt International Energy said the Cameia 2 well on Block 21 had confirmed the presence of the mound reservoir penetrated by the Cameia 1 discovery well, but failed to flow oil from a lower interval. 
“While I am disappointed this deep interval did not flow oil to the surface, I am encouraged by this interval’s potential for significant flow rates across the basin. This information is important as we continue the evaluation of the Kwanza Basin pre-salt’s upside potential,” said chief exploration officer James Farnsworth.

Angola
Subscriber

Anti-corruption campaigners including the London-based NGO Corruption Watch and Angola’s Associação Mãos Livres, have called on the Swiss government to reopen an investigation into a 1990s debt repayment deal between Angola and Russia. Corruption Watch, run by the former African National Congress MP Andrew Feinstein, released a 166-page report, ‘Deception in High Places: The Corrupt Angola-Russia Debt Deal’, on 16 April detailing how more than $700m ended up in private hands following a mid-1990s restructuring of Angolan debt to Russia. The report was presented in the European Parliament on 23 April as an example of the plundering that can take place in developing nations with the complicity of European banks and tax havens.

Angola
Subscriber

Subsea 7 has given KBR a contract to carry out the topsides design for Chevron’s Lianzi development project in a unitised offshore zone between the Republic of Congo and Angola. Chevron gave the go-ahead in July 2012 for development of the Lianzi field after the two governments reached agreement on the unitised zone.

Angola | Congo Brazzaville
Issue 249 - 28 February 2013

Angola: FPSO service contract for Technip

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BP Angola has given Technip a five-year contract for engineering and modification services for the Greater Plutonio and Plutão, Saturno, Venus and Marte (PSVM) floating production, storage and offloading (FPSO) units in blocks 18 and 31.

Angola
Issue 249 - 28 February 2013

Angola: More delays for ALNG

Subscriber

The start-up of the troubled Angola LNG plant at Soyo has hit fresh delays due to technical problems. Sonangol board member Baptista Sumbe told a press briefing on 25 February a new start date for the $10bn project would be announced in six weeks once repairs had been completed.

Angola
Issue 248 - 14 February 2013

Angola: Go-ahead for Mafumeira Sul

Subscriber

As Chevron steps up the pace of exploration along the West African coast, it has announced a final investment decision on the Mafumeira Sul project offshore Cabinda.

Angola
Subscriber

Trader Trafigura has completed the sale of a 20% stake of its midstream and downstream subsidiary Puma Energy to Angolan state oil company Sonangol for an undisclosed sum.

Angola
Issue 246 - 17 January 2013

Angola: Oceaneering wins Esso contract

Subscriber

Oceaneering International has secured a contract from Esso Exploration Angola (Block 15) Limited to supply umbilicals for the Kizomba Satellites Phase 2 development. The order is for 43km of electrohydraulic steel tube control umbilicals.

Angola
Subscriber

Authorities in Portugal are investigating accusations of tax fraud and money laundering against three Angolan officials close to President José Eduardo dos Santos. Those involved are minister of state General Hélder Vieira Dias, known as Kopelipa, his adviser Leopoldino Nascimento, and vice-president Manuel Vicente, often cited as a potential successor to dos Santos.

Angola
Free

Angola has launched a $5bn sovereign wealth fund (SWF), whose creation reflects the regime’s commitment to long-term saving that can benefit future generations, while helping to finance grassroots development now, the new Fundo Soberano de Angola (FSDEA)’s promoters argue.

Angola
Free

GE Oil and Gas is to supply equipment and technology for the Chevron-operated Lianzi project, to bring the offshore field straddling Angola and Republic of Congo (Brazzaville) on stream

Angola | Congo Brazzaville
Issue 240 - 05 October 2012

Angola: Maersk discovery

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Operator Maersk Oil has announced an oil discovery with the Caporolo-1 exploration well in the Lower Congo Basin.

Angola
Subscriber

Chevron’s Cabinda Gulf Oil Company Limited (Cabgoc) has given Saipem an engineering, procurement, construction and installation (EPCI) contract for the Congo River Crossing Pipeline Project, to be developed off the coasts of Angola and the Democratic Republic of Congo.

Angola
Issue 240 - 05 October 2012

Angola: SOCO to sell Cabinda stake

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SOCO International has agreed to sell its stake in the Cabinda North Block to its joint venture partner. SOCO will sell its 80% majority interest in SOCO Cabinda Limited to Quill Trading Corporation.

Angola