Angola readies for major oil and gas changes
With the government steering an overhaul of its oil and gas sector, the west African country is looking to remain competitive despite declining oil production levels
The 2018 developments in Angola's oil and gas sector and overall political environment provide insight into the path the industry may be treading in the years ahead and offer initial promise that change is coming. Angola's role as a key player in the African oil and gas space has suffered from low oil prices in recent years and a production decline, which have put a strain on the public budget. The recent recovery of oil prices has provided short-term relief, but does not obviate the need for continued political, legal and economic reform. President João Lourenço's efforts to reorganise the public sector and the oil and gas industry, and to streamline foreign investment procedures, are encou
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them