Africa Oil & Gas: Cobalt International Energy group trying to sell oil assets in Angola

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Image courtesy of Cobalt International Energy

The American Cobalt International Energy group is negotiating with potential buyers of the two blocks it holds in Angolan pre-salt which are involved in an international arbitration process, states the document announcing the company’s second quarter results. Continue reading

Africa Oil & Gas: Cobalt International Energy sues Angola’s Sonangol for US$2 billion

cobalt-international-energy-logoOil exploration company Cobalt International Energy (CEI) has filed an arbitration suit with the International Chamber of Commerce demanding more than US$2 billion from Angola’s state oil company Sonangol for breach of agreement, the company said. Continue reading