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
23 April 2025
Oil and gas prices could come crashing down, resurrecting ghosts of trade wars past
23 April 2025
Capping state corporate income tax deductions would reduce energy supplies and raise prices
22 April 2025
Saudi Arabia is growing as a geopolitical and diplomatic force amid an increasingly fractured world
22 April 2025
Modest downward revisions to 2025 supply belie the longer-term damage to E&P from a weaker oil market
