TotalEnergies and BlackRock’s Global Infrastructure Partners (GIP) have entered into a partnership agreement under which GIP will provide a $1.8 billion capital contribution toward some of TotalEnergies’ oil and gas infrastructure assets in Africa. Under the terms of the agreement, TotalEnergies will make tariff payments to GIP over a period of up to 15 years. The tariff will be determined by the throughput of the assets involved, according to the French energy giant. TotalEnergies, however, did not identify the specific oil and gas infrastructure assets that will be included in the partnership agreement.
“We are pleased to strengthen our relationship with GIP through this infrastructure agreement which crystallizes the value of some of our midstream infrastructure assets in Africa,” said Jean-Pierre Sbraire, chief financial officer of TotalEnergies.
TotalEnergies Expands African Oil and Gas Activity
The partnership comes as TotalEnergies has recently increased its business activities across Africa’s oil and gas sector. The French supermajor has investments in Angola, Namibia, and Uganda, where it has continued to develop and expand its presence.
In early September 2026, TotalEnergies said it had made a new discovery offshore Angola and acquired operated interest in two new exploration blocks located close to operating hubs. International majors are returning to exploration in Angola’s waters to take advantage of existing infrastructure. The Acacia-5 discovery in Block 17 is expected to achieve first oil just three months after the discovery was made in June 2026, TotalEnergies said. The company has also increased its exploration portfolio offshore Namibia by taking acreage north of a block where a major oil discovery has been made, as it seeks to increase activity in the new global exploration hotspot.
In 2025, TotalEnergies signed an agreement with Galp that formalizes its operatorship over Namibia’s two largest offshore oil discoveries, Mopane and Venus, through a strategic asset swap that consolidates development control in the hands of the French major.
African Projects Strengthen Infrastructure Portfolio
TotalEnergies’ activities in Uganda also form part of its wider African oil and gas operations. In the country, TotalEnergies and China’s CNOOC have been developing the Tilenga and Kingfisher oil fields. These projects are expected to make the landlocked African country the world’s newest crude oil exporter in early 2027 through the $5 billion East African Crude Oil Pipeline (EACOP). The pipeline will transport crude from Uganda to Tanzania’s port of Tanga.
In latest development, TotalEenergies also signed a three-month bulk fuel supply deal with Namibia.
