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


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