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Angola, DRC
DRC takes small steps to claw back offshore oil resources from Angola

The Congolese government is choosing to compromise with Luanda by signing agreements of limited scope rather than going to court to assert its rights to its offshore oil resources. [...]

Published on 08/01/2024 at 05:40 GMT Reading time 2 minutes

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Energy

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Angola
DRC
BP
CABGOC
Chevron
Didier Budimbu
ENI
Etu Energias
Galp
Somoil
Sonahydroc
Sonangol
United Nations
World Bank

Angola, DRC
Kinshasa's strategy to get Common Interest Zone up and running

Determined to assert its rights over its offshore oil resources, the Congolese government is progressing on the development of the Common Interest Zone with Angola under the lead of hydrocarbons minister Sakombi Molendo.

Subscribers only Energy 31.10.2024

Spotlight | Angola
Lourenço angles to retain TotalEnergies, Azule, Chevron and ExxonMobil

Luanda has introduced a range of fiscal measures to reverse the steep decline in oil production and encourage investment in an industry which has been struggling for the best part of a decade.

Subscribers only Energy 17.05.2024

Angolan president João Lourenço during the 2024 US-Africa Business Summit in Dallas, Texas, on 7 May 2024.

DRC
Oil blocks: deal struck with study bankroller under threat

Congolese Oil Minister Didier Budimbu has accused Emirati firm ClayHall Group of not paying the full sums agreed to pre-finance an assessment study of the DRC's sedimentary basins.

Subscribers only Finance, Energy 08.03.2024

Spotlight | Angola, DRC
Antonio Miala, Luanda's point man in Kinshasa

Angola is determined to defend its interests in its offshore oil dispute with neighbouring DRC and is counting on the well-connected Antonio Garcia Miala, brother of the intelligence chief.

Subscribers only Energy, Diplomacy 09.01.2024

HQ of Angolan state oil company Sonangol in Luanda, 21 August 2022.

Angola
Saipem and Sapura compete for ENI's Q&M pipeline build

Angola could significantly increase its gas production by 2026 thanks to the development of the Quiluma and Maboqueiro (Q&M) fields. Project leader ENI is in the process of selecting its service providers.

Subscribers only Energy 27.03.2023

Spotlight | Angola, DRC
Kinshasa still soft-pedalling on contentious oil blocks run by Angola despite $78bn loss

Angola has benefited enormously from oil blocks located partly in a maritime zone to which Kinshasa could lay claim, according to a confidential report financed by the World Bank and submitted to President Félix Tshisekedi's office.

Subscribers only Energy 22.03.2023

President of Democratic Republic of the Congo, Felix Tshisekedi, with President of Angola, Joao Lourenco, the 5th of February 2019.

Spotlight | Angola
Manuel Vicente takes Somoil into big league with Lourenco's backing

Angolan junior Somoil has increased its asset portfolio through a number of purchase since the start of last year. Behind this expansion is Manuel Vicente, the oil strategist of former president José Eduardo dos Santos, who is also close to Joao Lourenco.

Subscribers only Energy 28.02.2023

Manuel Vicente at the COP21 World Climate Change Conference 2015, France, 30 November 2015.

Angola
MPLA eyes billion dollar bonanza from Sonangol asset sale

The selling off of the assets of state-owned Sonangol should provide the ruling party with a huge war chest with which to fight the forthcoming elections.

Subscribers only Energy 02.06.2022

Angola
Galp plans offshore exit to finance cash calls for Africa and Brazil

The Portuguese firm is seeking to divest its interests in two Angolan producing blocks operated by Chevron. It is reorganising its portfolio in order to finance cash calls on its most promising blocks in Africa and in Brazil.

Subscribers only Energy 18.05.2022

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DRC
BP
CABGOC
Chevron
Didier Budimbu
ENI
Etu Energias
Galp
Somoil
Sonahydroc
Sonangol
United Nations
World Bank

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Angola, DRC
DRC takes small steps to claw back offshore oil resources from Angola

This article may be accessed by subscribers

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Set up email notifications for these topics

Angola, DRC
Kinshasa's strategy to get Common Interest Zone up and running

Spotlight | Angola
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MPLA eyes billion dollar bonanza from Sonangol asset sale

Angola
Galp plans offshore exit to finance cash calls for Africa and Brazil

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

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Angola, DRC DRC takes small steps to claw back offshore oil resources from Angola

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Set up email notifications for these topics

Angola, DRC Kinshasa's strategy to get Common Interest Zone up and running

Spotlight | Angola Lourenço angles to retain TotalEnergies, Azule, Chevron and ExxonMobil

DRC Oil blocks: deal struck with study bankroller under threat

Spotlight | Angola, DRC Antonio Miala, Luanda's point man in Kinshasa

Angola Saipem and Sapura compete for ENI's Q&M pipeline build

Spotlight | Angola, DRC Kinshasa still soft-pedalling on contentious oil blocks run by Angola despite $78bn loss

Spotlight | Angola Manuel Vicente takes Somoil into big league with Lourenco's backing

Angola MPLA eyes billion dollar bonanza from Sonangol asset sale

Angola Galp plans offshore exit to finance cash calls for Africa and Brazil

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Angola, DRC
DRC takes small steps to claw back offshore oil resources from Angola

Angola, DRC
Kinshasa's strategy to get Common Interest Zone up and running

Spotlight | Angola
Lourenço angles to retain TotalEnergies, Azule, Chevron and ExxonMobil

DRC
Oil blocks: deal struck with study bankroller under threat

Spotlight | Angola, DRC
Antonio Miala, Luanda's point man in Kinshasa

Angola
Saipem and Sapura compete for ENI's Q&M pipeline build

Spotlight | Angola, DRC
Kinshasa still soft-pedalling on contentious oil blocks run by Angola despite $78bn loss

Spotlight | Angola
Manuel Vicente takes Somoil into big league with Lourenco's backing

Angola
MPLA eyes billion dollar bonanza from Sonangol asset sale

Angola
Galp plans offshore exit to finance cash calls for Africa and Brazil