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      Kenya negotiating with Saudi Aramco for floating LPG facility

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      TotalEnergies operates Block 20 with a 40% stake while Petronas Angola E&P, a subsidiary of Petronas, and Sonangol P&P own 40% and 20% interests, respectively. TotalEnergies chairman and CEO Patrick Pouyanné said: “This project, which leverages innovation to fit with our investment criteria – breakeven under 30 $/b [dollars per barrel] and carbon intensity of 16kg CO₂e/boe [CO₂ equivalent per barrel of oil equivalent] – will become our seventh FPSO in the country and the first-ever development in the Kwanza basin. “We look forward to joining forces with Sonangol in technology to promote innovation and low-carbon technologies for the energy industry in Angola, in particular to slash methane emissions and contribute to the diversification of Angola’s energy mix.” Furthermore, TotalEnergies has signed a memorandum of understanding with Sonangol EP to collaborate on research and technology, focusing on the decarbonisation of the oil and gas industry. The partnership will concentrate on reducing methane emissions and advancing renewable energy technologies. TotalEnergies will assist Sonangol EP in launching and operating its new Sumbe R&D centre. The collaboration will enhance the skills of Sonangol’s research and technology teams, with an emphasis on reservoir geology, process electrification and photovoltaics.

      TotalEnergies makes FID on Kaminho deepwater project in Angola

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      U.S. oil production to hit record amidst declining costs, drilling efficiencies, Macquarie predicts
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