Angola boosts efforts to shore up flagging production
Africa's second-largest oil exporter needs more than the currently envisaged pipeline of oil projects if it is to remain a force
Angola is pushing hard to win further investment from both existing and new upstream partners, as it seeks to stave off production declines from its maturing mainstay fields. The coming year should give a good idea of its chances of success, with the first licensing round for eight years planned and direct talks with majors over fresh exploration likely to come to a head. Carlos Saturnino, president of state energy firm Sonangol, has been busy playing up the positives for an oil province that has traditionally proved costly for operators. He insists all Angolan oil projects are profitable with oil trading at $60-70/bl and could survive a return to much lower prices than that. "With oil at $6
Also in this section
13 November 2025
The new federal government appears far more supportive of oil and gas than former prime minister Justin Trudeau’s climate-focused administration, but the prospects look better for the latter hydrocarbon
12 November 2025
The November 2025 issue of Petroleum Economist is out now!
10 November 2025
The Russian firm made a significant attempt to expand overseas over the past two decades but is now trying to divest its global operations
10 November 2025
OPEC+ has proven to be astute at bringing back oil production, but mysteries around Chinese buying, missing barrels and oil-on-water have left the group in wait-and-see mode
