Total increases stake in giant Namibia find with Impact deal
Total is gaining a 10.5% stake in Block 2913B and 9.39% in Block 2912. The French company is the operator and has made a number of discoveries in the area, including the giant Venus find.
Impact Oil and Gas
Africa Oil rides expectations with drilling in Namibia, Nigeria
FEED work “could facilitate” a final investment decision (FID) on Preowei, Africa Oil, said.
Impact raises cash to stay in the game offshore Namibia
Total spudded the Venus-1A well on March 4. It will also re-enter the original discovery and test both wells.
Drilling “imminent” on Total’s mooted golden block
The plan, he said, would not be “to appraise everything”. Instead, the partners in the block would “accelerate the time to market … if we have the chance to really confirm the volumes which seems to have been discovered, there will be room to make fast track developments, like we did on Block 17, 25 years ago.”
Shell wins right to appeal Wild Coast verdict
Shell has been granted leave to take its legal fight to secure acreage offshore South Africa to the Supreme Court of Appeal.
Africa Oil sees progress looming in Nigeria, Kenya
Africa Oil (TSX:AOI) expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
Impact aims to raise cash for Venus, teases development option
Impact Oil & Gas has set out an open offer to raise up to $60 million in order to finance its participation in Namibia’s Venus discovery.
Sobriety has the upper hand, for now, in exploration
A small group of deep-pocketed companies increasingly dominates exploration and, as yet, they are avoiding the boom-and-bust mentality of previous oil cycles.
Shell seismic hearing begins in South Africa
Shell is having its day in court in South Africa in the matter of its offshore seismic plans, while facing an onslaught of environmental protests.
TotalEnergies readies for Nigeria drilling
TotalEnergies is in the process of securing a rig to drill up to nine development wells, and two exploration/appraisal wells on Nigeria’s OML 130, Africa Oil has said.
TotalEnergies makes significant splash at Venus
TotalEnergies has made a “significant” discovery at the Venus 1-X well, offshore Namibia.
Shell confirms light oil offshore Namibia
Shell and Namcor have announced a light oil discovery at the Graff-1, offshore Namibia.
Impact owner dismisses seismic worries as “poppycock”
Concerns about the impact of seismic surveys on local marine wildlife are “poppycock”, one of the companies involved has said.
Shell throws in the towel as Amazon Warrior leaves South Africa
The Amazon Warrior has left South Africa and is heading towards Las Palmas, in what is seen as a victory for local protests over Shell’s seismic plans.
Shell ordered to pause South African seismic
A South African court has ordered Shell to halt its seismic work offshore the Wild Coast, based on seeming failures on local consultations.
TotalEnergies spuds deepwater Venus
TotalEnergies has spudded the Venus-1X exploration well offshore Namibia, in Block 2913B.
Protests intensify as seismic vessel arrives in Cape Town
A seismic vessel arriving in Cape Town has sparked the ire of environmental activists ahead of planned work off South Africa’s Wild Coast.
Shell’s Eastern Cape seismic under fire
Opposition is building against Shell’s plan for a 3D seismic survey of South Africa’s southeast coast.
Flurry of African exploration incoming
Exploration companies big and small are warming up for a busy next 12 months – although some have warned this may be the last such push in the energy industry.
Shell, Impact win more time off South Africa
Shell has completed a deal to enter the Transkei & Algoa exploration right, offshore South Africa, with Impact Oil & Gas.
Shell refills African exploration hopper as volumes ebb
Shell’s Nigerian production fell to 223,000 barrels of oil equivalent per day in 2020, with the company blaming security issues, sabotage and theft.
Update: Shell seizes Impact opportunity in South Africa
Shell is entering Impact Oil and Gas’ Transkei and Algoa exploration right offshore South Africa, shortly after the exit of ExxonMobil and Equinor.
Impact picks up more SA acreage
Impact Oil and Gas has farmed in to Area 2, offshore South Africa, under a deal with Silver Wave Energy.
Impact reclaims South African blocks
South Africa has approved Impact Oil and Gas to take over the Transkei and Algoa exploration right, and Tugela South exploration right, offshore South Africa.
Africa Oil, the exception
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.