Angola
Luanda targets small investors as majors lose interest

With Angola's national oil output in steadily decline and threatening to fall below one million bpd, the government is changing tactic. All too aware that the industry leaders are no longer interested in its fields, the country has shifted its focus onto junior firms. [...]
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Angola, Namibia
Namcor leads in race for one of cash-strapped Sonangol's prize assets

Boosted by recent successes on its home market, state-owned oil Namibian oil company Namcor is looking to expand into Angola with backing from two partners. It is hoping to take advantage of the financial difficulties currently being experienced by Sonangol, which is having to sell off some of its prize assets, including block 15/06.

LogoSubscribers only Energy 20.04.2022

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