Offshore Energy Briefing: Angolan Deepwater Deal and Dutch Cable Survey Contract Awarded

## Etu Energias Acquires Chevron Stakes in Angola Deepwater Blocks for $260 Million Angolan privately owned energy company Etu Energias has agreed to acquire increased stakes in two offshore deepwater blocks from Cabinda Gulf Oil Company (CABGOC), a subsidiary of U.S. energy major Chevron, in a deal valued at $260 million, according to Offshore Energy. The transaction will position Etu Energias as the largest interest holder in one of Angola's longest-producing offshore blocks, marking a significant step in the company's strategy to expand its footprint in the country's upstream sector. The deal reflects a broader trend of Angolan national and private energy companies increasing their participation in the country's deepwater assets as international majors rebalance their portfolios. Angola remains one of sub-Saharan Africa's most significant oil producers, with its deepwater blocks accounting for the majority of national output. The acquisition underscores growing confidence among domestic operators in managing complex deepwater assets, and aligns with Angola's policy objectives to increase local content and ownership within its energy sector. Financial close and regulatory approvals are expected to follow in the coming months, though specific timelines have not yet been disclosed. --- ## TenneT Selects Deep for Dutch Offshore Cable Integrity Surveys In the European offshore energy sector, Dutch transmission system operator TenneT Netherlands has awarded a contract to compatriot survey specialist Deep to conduct annual offshore cable integrity surveys across its Dutch offshore cable network, Offshore Energy reports. The contract covers routine inspection and integrity assessment work critical to maintaining the reliability of subsea power cables connecting offshore wind farms to the onshore grid. As TenneT continues to expand its offshore transmission infrastructure in the North Sea to support the Netherlands' ambitious renewable energy targets, maintaining the integrity of subsea cable assets has become an increasingly important operational priority. Selecting a Dutch contractor reflects both the maturity of the Netherlands' offshore survey services sector and the logistical advantages of working with locally based specialists familiar with North Sea conditions. The award is part of TenneT's ongoing asset management programme and highlights the growing demand for specialist subsea inspection services as offshore wind infrastructure across Northern Europe continues to scale rapidly.