Last month, OPEC, a group of oil exporting developing nations, lowered the cap on Angola’s oil production. Now, the country says it will leave OPEC. Oil production in Angola has been falling for ...

LONDON — Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the African ...

Paris-based Viridien has announced a new multi-client seismic reimaging programme that will cover a promising block in Angola's Kwanza basin to be offered in an upcoming licensing round. ANPG, ...

There seems to be a point of saturation when it comes to assessing Angola’s crude exports for the upcoming months – beyond a certain point it serves as no surprise that the forthcoming month is going ...

It’s “not economically viable” for Angola to export crude oil and then import refined products, says Bostandjiev. “It creates a hard currency drain.” The project will also generate taxes for public ...

Crude prices fell Thursday after Angola said it is leaving the Organization of the Petroleum Exporting Countries. The move by the African country follows a dispute with the cartel about oil-production ...

Production levels in Angola are expected to soar by 2020 following the country’s restructuring, including the reorganization of the state oil company Sonangol. In addition to a drastic revision of ...

Officials have been unhappy after the oil cartel, led by Saudi Arabia, pushed Angola and other countries to accept lower production ceilings. By Stanley Reed Reporting from London In a sign of ...

It is quite rare for African national oil companies (NOCs) to liberalize, especially in countries that are heavily dependent on oil revenues. Yet Angola, whose stability was sent reeling by the oil ...

LONDON/LAGOS (Reuters) - The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil ...