How Nigeria is losing out + why IOCs shrink investment for oil discovery in country, surged funding for Angola oil acreages Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions. This discovery and advancement in renewables makes Angola to the African Oil giant to watch in the next five years. The discovery, made on Tuesday, is in Angola’s deepwater Block 15/06. Eni believes the exploration well, drilled at 500 metres in the…
Read MoreEni pushes Angola, Nigeria’s biggest rival, ahead with 250m bbls oil discovery
