QatarEnergy and Shell Partner for Offshore Exploration in Angola
The latest in this situation
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- TotalEnergies and Shell are operating major refineries in Europe amid supply pressures from the Middle East crisis.
- Companies including Petrobras, Cheniere, ConocoPhillips, Shell, and LNG Canada have announced new agreements regarding long-term LNG sales, venture deals, and capacity expansion.
How it started
What happened
QatarEnergy, Shell, and Sonangol E&P signed an agreement with Angola’s National Agency for Oil, Gas, and Biofuels regarding Blocks 8 and 22 offshore Angola. Under the deal, QatarEnergy will hold a 30% working interest, while Shell, acting as the operator, will hold 50%, and Sonangol will hold 20% in the two blocks. This agreement was signed in Luanda, Angola, on September 10, 2026. Separately, ConocoPhillips is noted as having strategic partnerships with QatarEnergy and Shell plc, utilizing diverse contracts to sell oil and natural gas globally.
Why it matters
The partnership expands the operational footprint of QatarEnergy and Shell into the energy sector of the Republic of Angola. ConocoPhillips, one of the world’s largest independent explorers, also benefits from robust production in the Permian Basin through its partnerships with QatarEnergy and Shell.
Who's involved
- QatarEnergyHolds a 30% working interest in the offshore Angola blocks.
- ShellServes as the operator and holds a 50% working interest in the offshore Angola blocks.
- ConocoPhillipsMaintains strategic partnerships with QatarEnergy and Shell plc for global oil and gas sales.
- Saad Sherida al-KaabiServes as the President and CEO of QatarEnergy.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ConocoPhillipsSpeculative
ConocoPhillips might see its production capacity bolstered by robust operations in the Permian Basin.
How it developed
Newest first. Tap a step to see who reported it.- Companies including Petrobras, Cheniere, ConocoPhillips, Shell, and LNG Canada have announced new agreements regarding long-term LNG sales, venture deals, and capacity expansion.Sub-event
- QatarEnergy expands its footprint in South America, while Eni and Shell deepen energy partnerships in the region.Sub-event
- TotalEnergies, Shell, ConocoPhillips, and Petoro are contributing to the gas supply for the European market.Sub-event
- Shell is expanding its integrated gas business in emerging markets, utilizing a Norwegian contractor for LNG platform deployment.Sub-event
- Strategic agreement between Evolution Well Services and National Fuel Gas Company combines technologies for enhanced production.Sub-event
- Capricorn acquired Egyptian oil and gas assets from Shell, amid increased asset interest due to the US-Israeli war on Iran.Sub-event
- ConocoPhillips and QatarEnergy are major oil producers with significant operational assets across global locations including Norway, Qatar, Libya, Malaysia, and through a new partnership.Sub-event
- Shell and Bharat Petroleum formed a strategic partnership for value-added bitumen production.Sub-event
Show 3 earlier steps
- Shell and Eni acquired rights to a deepwater oil block in Nigeria.Sub-event
Global oil and gas players form strategic partnerships and expand operations in the Permian Basin.1 source
- ConocoPhillips signed a contract for gas sector development in Syria with the state-owned Syrian Petroleum Company.Sub-event
Keep exploring
The entities involved
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Shell
British multinational oil and gas company
- Global LNG supply is linked to the stability of the Strait of Hormuz, with oil loading monitored by Kpler and hints of a shift in the oil cartel involving Iraq.
- Richard Harding, a former Shell executive, joins BP leadership as interim EVP, while ExxonMobil maintains operations in Europe and North America.
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ConocoPhillips
American oil and gas company
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QatarEnergy
Qatari state-owned oil company
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Norway
country in Northern Europe
Related events
- Global oil companies, including Shell and TotalEnergies, are operating in the US market.
- Shell and ExxonMobil operate integrated refining facilities and are involved in Texas shale plays.
- BP is undergoing significant corporate shifts, including leadership changes, market rivalries, and potential acquisition interest from companies like Shell.