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SBM Offshore has signed contracts with Italy’s Eni for the 12-year lease and operation of the Xikomba floating production, storage and offloading vessel (FPSO) on the Block 15/06 development.

Sintez Group affiliate Nakor Investments, the main equity holder in Block 1711 in the Namibe Basin bordering Angola, has relinquished most of its 70% stake. Interim operator Energulf Resources said the Russian company would retain a 10% carried interest. Energulf, which holds a 10% working interest, will receive an additional

Total inaugurated the Pazflor development on Block 17 on 22 November with a ceremony attended by petroleum minister José Maria Botelho de Vasconcelos, Sonangol

The SAPP is putting on a brave face about prospects for the region’s electricity supply industry and its own performance, looking to inflows of investment to install more generation capacity across southern Africa and for the pool’s trading mechanisms to gain momentum

Sonangol’s investment arm Sonangol Holdings has further extended its international reach with an agreement to acquire a 20% stake in Trafigura subsidiary Puma Energy International. The companies, through their affiliates Sonagas and DT Holdings, have also agreed to develop joint investment opportunities in natural gas and natural gas liquids and their trading.

Angola’s oil parastatal has raised a $1bn ten-year loan facility backed by South Korea, marking an unprecedented tenor for one of the most regular African users of international syndicated loan markets, writes Kevin Godier

Block 17 operator Total on 26 August announced the start-up of the giant Pazflor field; Houston-based Cobalt International Energy has spudded the Cameia #1 well targeting a pre-salt prospect on Block 21.  

SOCO International is preparing to drill up to three offshore exploration wells, with the first well expected to spud in early September.

ANGOLA: ROC Cabinda stake sale; ANGOLA: New find for Total; ANGOLA: Pazflor FPSO in place

While banks await mandates to raise a new mega-loan for state oil company Sonangol (AE 207/21), monetary authorities in Luanda are also considering coming to the market this year for Angola to issue its long-awaited debut Eurobond.

ANGOLA: Cobalt pre-salt plans; GABON: Dussafu drilling; SOUTH AFRICA: Shale gas exploration halt in Karoo; TANZANIA: BG contracts new rig

Possible new Sonangol borrowing, longer lending tenors and the clearing up of foreign payment arrears are among the major Angolan themes preoccupying foreign financiers and insurers, writes Kevin Godier

ANGOLA: Hydro planned on Kwanza River; BOTSWANA: New hitch for CIC sale; MOROCCO: USTDA grant for power projects

The Angola Liquefied Natural Gas (ALNG) consortium is pushing ahead with development of the Soyo liquefaction plant – now estimated to cost “just over $9bn” – with target start-up set for February 2012, according to Sonangol Gas president Antonio

Chinese data for its crude oil imports in January show the increasing importance of trade with African producers - with Angola again Beijing's single biggest supplier after overtaking Saudi Arabia. Data produced by the General Administration for Customs in Beijing show China's crude imports