Exxon, Shell are said to weigh bids for Galp Namibia stake
Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter.
Namcor
Namcor names second interim MD as Mulunga pursuit continues
State-owned Namcor said the official had a “stellar background in economics”. The company is “thrilled to have his expertise steering Namcor towards new heights in the petroleum industry”.
Rhino files for Orange Basin exploration plan
The company holds Block 2914B, next to Shell’s Block 2914A. Galp is to the north, at PEL 83, where it intends to begin drilling on the Mopane complex this month.
Mulunga’s Angola payment not criminal, review finds
Namcor was on the hook for $10 million. However, when the time came to pay up, it became apparent that Sequa had no funds and Petrolog only $6mn.
Namcor suspends top exec following management rift
The opposition party, the Popular Democratic Movement, called for the government to suspend Mulunga last week. The party also said it would seek a parliamentary investigation “into what appears to be mafia-style corporate governance at Namcor”.
Namcor chair arrested in drugs bust
Comalie seems to have asked Mulunga to discipline Willemse, who was involved in the plan to tap the fuel, stored at Walvis Bay. “He may have thought this was a loan, but it is really theft”, Comalie told Mulunga, according to New Era.
Chevron completes deal to take stake in deepwater Namibia
Chevron has completed its farm in to a licence offshore Namibia, close to the Venus and Graff discoveries by TotalEnergies and Shell respectively.
Namcor to swap licence stake for ReconAfrica equity
Reconnaissance Energy Africa has struck a definitive deal with Namcor to swap increase its ownership in the Kavango Basin licence.
ReconAfrica reaches total depth at first well
Reconnaissance Energy Africa has reached total depth at the 8-2 well, in northeast Namibia’s Kavango Basin.
Island Innovator heads south for Gazania work
The Island Innovator rig is on its way to South Africa, where it should begin drilling the Gazania-1 well by the end of September.
Sungara sets out $500mn deal to buy into Block 15/06
Sungara Energies has signed a deal to buy a 10% stake in Block 15/06, offshore Angola, from state-owned Sonangol.
Namibia eyes Shell, TotalEnergies production in 2028
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
Qatar pledges training help for Namcor following major finds
QatarEnergy (QE) has signed up to support Namcor, following two high-profile discoveries in the Southern African state.
Shell confirms light oil offshore Namibia
Shell and Namcor have announced a light oil discovery at the Graff-1, offshore Namibia.
Report: Shell scores big find off Namibia
Shell’s Graff-1 well has made a “significant” discovery offshore Namibia, Reuters has reported citing three industry sources.
Sonangol farm-out plans disappoint
Results from Sonangol’s farm-out plans have been a “disappointment”, Welligence Energy Analytics has reported.
ReconAfrica signs JOA with Namcor on Kavango exploration
Reconnaissance Energy Africa has signed a joint operating agreement (JOA) with Namcor.
Tanzania to follow Namibia for Matrix
Malvin Chiwanga’s Matrix Petroleum has recently set out a plan to enter Namibia, while next up is Tanzania.
New life for Namibia’s long-dormant Kudu
BW Energy has signed a deal to increase its stake in the Kudu licence, offshore Namibia, potentially reviving the long-dormant project.
Namcor on the acquisition path with Lekoil
Nigeria’s Lekoil has struck a strategic alliance agreement to find producing assets with Namibia’s state-owned Namcor.
Namibia considers exploration and acquisitions
Namibia continues to expect hydrocarbons to be discovered offshore, but in the meantime is working on energy transition plans.