Angola
Galp plans offshore exit to finance cash calls for Africa and Brazil

The Portuguese firm is seeking to divest its interests in two Angolan producing blocks operated by Chevron. It is reorganising its portfolio in order to finance cash calls on its most promising blocks in Africa and in Brazil. [...]
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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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