PTT Exploration and Production (PTTEP) has struck a deal to sell its 2.5% stake in Block 17/06 to Somoil and exiting the country.
TotalEnergies has awarded a contract to McDermott International for work on the Begonia project, offshore Angola.
TotalEnergies has taken a final investment decision (FID) on Begonia, a field in Angola’s Block 17/06.
TotalEnergies has reported net income of $5.69 billion, up more than two and a half times from the first quarter, driven largely by its downstream and chemicals operations.
Angola is making progress on its reform plans, issuing tenders for work, while Total is moving to restart offshore drilling.