Shell is making a quiet but pointed return to Angola’s offshore oil patch, signing a deal to acquire a 35% stake in two ...

Shell Plc signed a deal to acquire a 35% stake in two oil blocks offshore Angola from Chevron Corp.’s subsidiary in the ...

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 ...

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 ...

Chevron Corp. delivered first oil from the South N’dola platform in Block 0 offshore Angola in December.

Angola has taken another step toward strengthening its upstream oil output and downstream energy security after the N’Dola ...

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 ...