BP and Eni in Angola JV talks
The companies are considering combining their oil, gas and LNG assets in Angola into a new joint venture
The two firms have entered into a non-binding MOU to continue the talks. The companies say that a joint venture would create “significant synergies, create more efficient operations, and increase investment and growth in the [Angolan] basin”, while also showing their shared commitment to Angola’s “upstream potential”. The proposed JV would be backed by Eni and BP but also expected to be self-funded, with the goal of pursuing exploration and possible portfolio growth “both in Angola and regionally”. Research firm Welligence Energy Analytics estimates the JV’s combined portfolio at around 250,000bl/d, which would make them Angola’s second largest producer behind state-owned Sonangol. The com
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
