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 [. [...]
With business tight on their domestic market since the 2014 slump in oil prices, several Norwegian oil services firms owned by local business tycoons have decided to try their hand at developing low cost projects in Africa with their own [. [...]
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