TotalEnergies maintains its significant presence in Angola
TotalEnergies and Inpex divest Angolan stakes
The firms will sell their joint venture and its non-operating stakes to Angola’s Somoil
TotalEnergies and Japan’s Inpex have agreed to sell their stakes in Angola’s block 14 joint venture (JV), in which they hold 50.01pc and 49.99pc respectively. The JV has a 20pc interest in block 14 and another 10pc in the Lianzi field, also known as block 14k. The two shareholders will sell the JV and its non-operating stakes to Angolan private company Somoil, subject to regulatory approval from Luanda. The mature fields have been in production since 1999, and the JV’s share of output averaged 9,000bl/d oe in 2021. “TotalEnergies is implementing its strategy to high-grade its oil portfolio, focusing on assets with low costs and low emissions,” says Henri-Max Ndong-Nzue, senior vice-presiden
Also in this section
14 April 2026
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
