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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
