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Engen and Vivo Energy are pleased to announce the completion of the transaction to combine their respective businesses, with PETRONAS today selling its 74% shareholding in Engen to Vivo Energy, creating a pan-African energy champion. The combined Vivo Energy Group now has over 3,900 service stations, and more than two billion litres of storage capacity
TotalEnergies, in partnership with Petronas and Sonangol, has reached a Final Investment Decision (FID) for the Kaminho deepwater project in Block 20 located in the Kwanza basin offshore Angola.
When China declared almost the entire South China Sea as its territory on the basis of their whimsical nine-dash lines, they grabbed the exclusive economic zones not only of the Philippines but of Vietnam, Malaysia and Indonesia.
Designed to minimize greenhouse gas (GHG) emissions and eliminate routine flaring, this FPSO is all-electric, and associated gas will be fully reinjected into the reservoirs. Production start-up is expected in 2028, with a plateau of 70,000 bopd.
ExxonMobil (XOM) and Petronas celebrate another hydrocarbon discovery in Block 52 offshore Suriname, solidifying their foothold in the region's promising energy sector.