TotalEnergies maintains its significant presence in Angola
TotalEnergies and Inpex divest Angolan stakes
The firms will sell their joint venture and its non-operating stakes to Angola’s Somoil
TotalEnergies and Japan’s Inpex have agreed to sell their stakes in Angola’s block 14 joint venture (JV), in which they hold 50.01pc and 49.99pc respectively. The JV has a 20pc interest in block 14 and another 10pc in the Lianzi field, also known as block 14k. The two shareholders will sell the JV and its non-operating stakes to Angolan private company Somoil, subject to regulatory approval from Luanda. The mature fields have been in production since 1999, and the JV’s share of output averaged 9,000bl/d oe in 2021. “TotalEnergies is implementing its strategy to high-grade its oil portfolio, focusing on assets with low costs and low emissions,” says Henri-Max Ndong-Nzue, senior vice-presiden
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
