Somoil to acquire Block 14 from TotalEnergies and Inpex for $830m.

Somoil, a distributor of crude oil, agreed to acquire Block 14, a offshore oil refining platform, from TotalEnergies, a broad energy company, and Inpex, an energy company, for $830m. "By divesting this interest in mature fields, TotalEnergies is implementing its strategy to highgrade its oil portfolio, focusing on assets with low costs and low emissions," Henri-Max Ndong-Nzue, TotalEnergies Senior Vice President.