Luanda at night. Angola continues to attract international investors
TotalEnergies and Angola sign block 29 deal
The country’s offshore upstream remains a draw for IOCs even as they grow increasingly selective about their portfolios
Angolan state-owned energy regulator the ANPG has signed a production-sharing contract with TotalEnergies’ Angolan subsidiary for the country’s offshore block 29. Total E&P Angola will operate the block with a 42.8pc stake. The French firm’s partners in the development are Norway’s Equinor (22.8pc), BP (8.8pc), Malaysian NOC Petronas (5.6pc) and Angola’s state-owned Sonangol (20pc). Block 29 is in the Namibe Basin at a water depth of 1,500-2,500m, around 75km from the coast Licensing round extension Sonangol has also extended the deadline for bids in its latest licensing round, citing high interest. Bidders now have until 20 September to submit proposals for the nine blocks offered in th
Also in this section
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
