BW Energy Enters Angola's Oil Sector, Buys Stakes in Blocks

BW Energy and Maurel & Prom are acquiring stakes in Angolas Block Fourteen and Fourteen K, currently producing forty thousand barrels per day. BW Energy will hold a ten percent net stake, with potential for increased production and development of untapped assets. The deal, valued at ninety-seven point five million dollars, requires regulatory approval and is set to close in mid-2026.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.