Petrobras PBR, Brazil’s state-controlled oil giant, has taken a major step toward reinforcing its global energy footprint through the signing of a memorandum of understanding (MoU) with Sonangol, ...

As Angola seeks a sustainable future, it is evident that the nation’s long-term prosperity lies in its sun and soil rather ...

Two workers injured in a May 20 fire on a Chevron Corp. oil platform off the coast of Angola have died. The workers had been ...

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Angola said it is leaving the Organization of the Petroleum Exporting Countries, according to official news agency Angop, after a recent dispute over oil production quotas with the cartel.

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 ...

Luanda/London — Angola is leaving the Organization of the Petroleum Exporting Countries because membership is not serving its interests, oil minister Diamantino Azevedo said Thursday.

It aims to produce more natural gas to counter part of the oil decline. Sign up here. "Our aim is at least to keep this level of production until 2027-2030," said José Barroso, Angola's secretary ...

Speaking on public television on Thursday, Diamantino Azevedo, minister for mineral resources, petroleum and gas, said Angola, which produces about 1.1 million barrels of oil a day, is leaving ...

Angola is rich in crude oil but has to import the fuel it needs. A new refinery could change that. Wearing a hard hat, safety glasses and high-visibility vest, project manager Martin Jooste gives ...

LONDON (AP) — 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 ...

A worker clears ground in a banana farm close to the town of Caxito, set up by Angolan agro-livestock group Novagrolider, on November 14, 2018, in Bengo Province [File: Rodger Bosch/ AFP] As ...