Are the bonuses enough to keep Exxon and ENI on their blocks?
Though in desperate need of cash, the Angolan president is baiting oil firms with tax cuts to get them to stay. [...]
Angola's financially precarious state-owned firm Sonangol has discreetly launched a vast campaign to sell some of its producing offshore blocks. Block 32 - As Africa Energy Intelligence understands, Sonangol opened a data room in December in Luanda to present block [. [...]
Mindful of the findings of a working group set up to brainstorm on the sector's future and comprised of representatives of several majors, the regime has decided to make several key legislative changes, all of which benefit the oil & gas firms. [...]
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