US oil firm Cobalt files for arbitration against Angola for $2bn

13 May 2017, London — U.S. oil firm Cobalt said it had filed requests for arbitration seeking more than $2 billion from Angola’s state-run Sonangol after the two failed to reach an agreement on licence deadline extensions on two deepwater blocks, company filings showed this week. Cobalt said it was requesting an award against Sonangol […] More »