Business & Economy · 21 views
Namibia flags approval concerns over TotalEnergies offshore stake purchase
(Bloomberg) – Namibia’s energy ministry said the government wasn’t notified of the planned acquisition by TotalEnergies and Petrobras of stakes in an offshore exploration license in the southern African country.
Summary
(Bloomberg) – Namibia’s energy ministry said the government wasn’t notified of the planned acquisition by TotalEnergies and Petrobras of stakes in an offshore exploration license in the southern African country. TotalEnergies agreed to buy a 42.5% operated stake in the country’s PEL 104 license from Eight Offshore Investments Holdings and Maravilla Oil & Gas, the French oil giant said in a statement on Friday. Brazil’s Petrobras took a 42.5% stake, the company reported in its own announcement.
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