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Angola LNG Inks 3rd Sales Deal in a Month
Angola LNG has signed its third LNG sales agreement this month, this time to commodity trader and mining group Glencore. Under this latest multi-year sales agreement, announced…
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Angola LNG Inks Deal with RWE
Angola LNG said September 11 that it has entered into an LNG sales agreement with Germany's RWE Supply & Trading, whereby it will deliver LNG cargoes to RWEST at destinations…
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Angola LNG Signs Deal with Vitol
Angola LNG said September 4 it has entered into a multi-year LNG sales agreement with commodities trader Vitol, adding that it will deliver cargoes to Vitol at destinations…
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Saipem Announces New Contracts
Italian contractor Saipem said August 31 it has recently been awarded three contracts amounting to $370mn in value. Offshore Angola, Eni has awarded Saipem orders in relation to…
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Angola: Power Changes Hands, Any Change for Oil & Gas?
Angola's ruling MPLA party, as expected, won the August 23 general election with 64% of the votes, securing 220 parliamentary seats, and entitling its candidate -- defence…
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Total To Pay $7.45bn for Maersk Oil
Total is to buy Maersk Oil for $7.45bn in a deal expected to close in 1Q 2018. The latter’s parent, AP Moller-Maersk will receive $4.95bn in the form of Total shares,…
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Cobalt Has Talks with Angola's Sonangol
US independent Cobalt has had contact with Sonangol officials, despite having referred the Angolan state producer to international arbitration earlier this year after it backed…
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BP Profit Impacted by Angola Write-Off
Write-offs pushed BP’s net 2Q 2017 profit to a tenth of what it made in this year’s first quarter, but the UK major pointed to strong upstream growth, with gas…
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Total Profits Up in Volatile Q2
French oil major Total reported a second-quarter profit of $2.5bn, up 14% on the same period last year, despite only a 9% increase in oil prices and a 15% rise in gas prices.…
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Halliburton Makes Slim 2Q Profit
US oil and gas services giant Halliburton posted a 2Q 2017 profit of $28mn, contrasting with its year-ago $3.2bn 2Q loss when it booked a $3.52bn loss from the fee to terminate…
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Global Gas Flaring Up Again in 2016: World Bank
Gas flaring at oilfields rose by a further 2bn m³ last year to 149.3bn m³, from just over 147.2bn m³ in 2015 and has risen in each of the three years…
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Huge BP Writedown Points to Angolan Malaise
Angola’s oil and gas sector could be slower than its African neighbours to attract fresh investment, despite state-owned Sonangol’s July 3 report that it returned to…
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Sonangol Faces $2bn-Plus Claim
US independent Cobalt is claiming over $2bn damages from Angolan state Sonangol in respect of its cancellation last year of a $1.75bn deal. In its 1Q results filed May 8, Cobalt…
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Total OKs Argentina Shale Gas, 1Q Profits Soar
Total increased adjusted 1Q2017 net profit to $2.6bn, a 56% increase year on year, it said April 27, also sanctioning a key investment in Argentina's Vaca Muerta shale gas basin --…
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Spanish Gas Market Grows in 1Q
Gas supplies to the Spanish market in 1Q2017 were up by 8.4% year on year, according to Enagas. The gas grid operator that supplies to power generators increased by 16.5% to 13.5…
