Saturday , 7 February 2026

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Angola’s oil revival depends heavily on foreign influence

Bloomberg Total SA is positioning itself as Angola’s top foreign operator in the country’s efforts to revive oil production from the lowest level in more than a decade. The French energy giant could one day operate about 40 percent of the nation’s production, and is considering an additional investment of as much as $10 billion, according to Chief Executive Officer …

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Shell promises increase in returns to investors

Bloomberg Royal Dutch Shell Plc plans to shower its investors in money, pledging returns of $125 billion between 2021 and 2025 — twice as much as a decade earlier. The oil and gas major says it can pull off this feat with crude at $60 a barrel and only a small increase in capital spending, an aggressive move to keep …

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China Three Gorges eyes EDP Brazil assets

Bloomberg China Three Gorges Corp. is weighing a deal to gain cont-rol of EDP-Energias de Portugal SA’s Brazilian business, people with knowledge of the matter said. State-owned Three Gorges is considering merging its own Brazilian assets with EDP’s operations in the South American country, which are run through publicly-traded EDP-Energias do Brasil SA, according to the people. Three Gorges may …

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