Angola Has an Oil Problem

[Marina Schwarz + 1,576]

Angola's oil industry could be at a tipping point and not in a good direction: no interest in exploration from the industry, declining production because of depletion, and what seems like general uneasiness on the part of oil cos. Good for OPEC, bad for Angola unless things change. From here.

[Carlsbad + 19]

that's one perspective, but a rather dire one. They need more deepwater exploration--true. But by this time next year, Eni will have started production at its second major deepwater project in Angola and that will add 25,000bpd to the roster ...