Is Galp’s Mopane discovery overblown?
Galp is drilling the Mopane 2 well, but Bank of America has raised concerns over the implied valuation, amid fears of a Namibia bubble.
Galp
Galp focused on production “as soon as possible” in Orange Basin
Galp raised the possibility of farming down its stake and bringing in a partner. It currently has an 80% equity position.
Galp strikes significant discovery off Namibia, to drill deeper
Galp will drill Mopane-1X deeper, in order to explore further targets, it said. Once the work is complete, it will relocate the rig to drill Mopane-2X for further evaluation.
Galp hints at success for Namibian Orange Basin test
Success at Mopane would represent a step forward for Namibia’s Orange Basin.
Galp to drill Orange Basin well next month
“The significant prospectivity of PEL 83 together with its relatively shallower water depth, position it to be one of the most significant and profitable developments in the Orange Basin,” he added.
Somoil adds more upstream with Galp purchase
CEO Silva said Galp’s upstream was now purely focused on Brazil, “at least until we have more news from [Sao Tome] and Namibia”.
Shell, Galp spud well offshore Sao Tome
Galp and Shell have spudded the Jaca well, offshore São Tomé and Príncipe, following work off Namibia.
Coral Sul FLNG arrives on site in Mozambique
The Coral Sul floating LNG (FLNG) vessel has arrived at Area 4, offshore Mozambique, with the aim of starting production in the second half of 2022.
Sonangol wins back Galp stake in Dutch ruling
A Dutch arbitration court has found against Isabel dos Santos in her attempts to transfer shares from Sonangol.
Hoax alleges Galp withdrawal from Mozambique
A hoax statement claims Galp is abandoning its involvement in northern Mozambique in order to pursue a “100% renewable future”.
Frontier sets the virtual stage for Africa E&P Summit
Frontier Energy has gone online with its highly regarded Africa E&P Summit, due to take place on September 16 and 17.
Galp renews LNG deal with Nigeria LNG
Portugal’s Galp has signed a deal for 1 million tonnes per year of LNG from Nigeria LNG (NLNG), continuing the companies’ relationship.
Eni sells remaining stake in Galp
Eni said it has sold its remaining 4% stake in Portugal’s Galp Energia in a $348million deal. The Italian oil and gas group said it has sold the shares through an accelerated bookbuilding procedure at a price of €9.81 each.