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New Offshore Oil Discovery in Angola
Petrobras, this week announced two new oil discoveries made in Block 15/06, in deep Angolan waters. The Company holds 5% stakes in Block 15/06 and Eni is the operator, holding 35% of the working interest in it. The wells Nzanza-1 and Cinguvu-1 are located around 350 km northwest of Luanda, in a water depth of [...]
Can Obama Deliver American Investment in Africa?
Many high hopes have rested on the shoulders of President Barack Obama following his historic election. Investors and NGOs hoped that the election of America’s first African-American president would bring a renewed spotlight on the tremendous challenges and opportunities throughout the African continent. It remains to be seen whether having to focus on an unprecedented [...]
