Etu Energias Outbids Energean for Chevron's Angolan Oil Blocks
Etu Energias, an Angolan company, has signed an agreement to purchase Chevron's participating interests in Blocks 14 and 14K in Angola.
The deal follows a development in June when Energean reported that its $260 million agreement to buy the same Chevron assets faced uncertainty after Etu Energias matched the offer.