AngolaEconomy

Oil potential in Angola is 40 billion US $

Angolan companies in the oil sector only take advantage of around 10 percent of the potential estimated at US $ 40 billion that the national industry moves annually. According to the founder and director of PetroAngola, Patrício Quingongo, the recent Law on Local Content…
BrazilEconomy

Petrobras is selling two deep-water oil fields

Petrobras started today (25) the process of selling two oil fields located in deep waters of the Campos Basin. The state’s participation in the Albacora and Albacora Leste concessions is offered. In Albacora, a field that produced in August this year, an average of…
Economy

Covid-19 forces postponement of test well drilling in East Timor

The restrictions imposed on the movement of people due to the Covid-19 pandemic has forced Timor Resources to temporarily suspend test drilling in the south of Timor-Leste, the company”s director of operations told Timorese news agency Tatoli. “We have suspended…