- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
- Africa: BW Offshore wraps up much-anticipated sale of Nigerian FPSO
- Senegal: European JV aims to revolutionize country’s power infrastructure
- Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’
- Aramco CEO calls for ‘more realistic and robust’ multi-source plan in global energy transition
Angola: Petronas and TotalEnergies’ honeymoon period continues in offshore
On 13 September, the Angolan Ministry of Oil and Gas authorised the Malaysian oil giant Petronas to take over half of TotalEnergies’ 80% stake in Block 20/11. The block is located in the Kwanza basin, off the coast from the Angolan capital Luanda. Petronas now holds 40% of Block 20, TotalEnergies 40% and state-owned Sonangol 20%. TotalEnergies took over Block 20/11 in June 2020 after the US group Cobalt Energy International went bankrupt. The asset is of major importance as the American…
Read More