Sonangol extends bid deadline
Angola Cobalt
“The deadline for the delivery of binding bids for the acquisition of participatory interest, as well as the position of operator, has been extended until 30 September 2018,” the NOC said in a statement.
The showroom on the two blocks, which previously belonged to Cobalt International Energy, will remain open until August 31, Macauhub reported.
In January 2018, a Houston bankruptcy court approved a USD 500-million deal to settle the disputes between Cobalt and Sonangol and sell the company’s Angolan assets to the NOC, which put them up for auction in April 2018. In June 2018, Sonangol said it had made its final USD 350-million payment to settle with the company.
Recent Posts
Seatrium wins MODEC contract for Guyana-bound FPSO
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More