The majors are investing more in deepwater exploration as they are doubling down on their pledge to continue delivering oil and gas to meet global demand.
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TotalEnergies signed a deal to acquire operatorship of Block 3B/4B, a license adjacent to its operated DWOB block on the South African side of the Orange B.
Oil and gas exploration in Africa is booming, in part because the continent contains a lot of the hitherto undiscovered global hydrocarbon reserves and in part because local governments appear to be a lot more open to the idea than their counterparts in Western nations