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.
Namibia
TotalEnergies CEO says Namibia could be next Guyana
Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position.
Galp jumps after saying Namibia project may be important find
Galp estimates reserves at the Mopane field in Namibia could be as high as 10 billion barrels of oil equivalent or higher.
Under fire, exploration drilling fights for its corner
Exploration is not quite the dirty word it was in 2020-21, but appetite remains muted and highly selective.
ReconAfrica sets sights on Damara drilling for June
Reconnaissance Energy Africa has set out plans to wrap up its joint venture process in April and begin drill its next well, in the Damara Fold Belt, in June.
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.
Tower readies for crunch time as Cameroon well looms
Tower Resources is nearing the point where it will begin drilling in Cameroon, but the company has other opportunities it is also pursuing, chairman and CEO Jeremy Asher has highlighted.
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.
TotalEnergies “completely optimistic” on Namibian drilling
“We will continue to drill … because everybody is excited. We have another exploration potential well on the south of Venus and we continue to appraise what has been discovered.”
Global set for new start under the “Dan and Cecilia” team
“The access to capital is no problem for anybody that understands how to present the asset. And that's what we do. We know how to present the opportunities in the right language.”
Africa Oil sets out company transformation via the Orange Basin
“The reason we wanted to stay in is in the southern part of the block.” The operator is acquiring 3D seismic on the area, he said, backing up existing 2D seismic.
Shell’s half billion barrels in the Orange Basin
“We are making ongoing evaluations to determine the exact size of these fields and continuously improve our estimates to determine commerciality.”
Shell moves into next step of Namibia exploration
It intends to acquire 3D streamer seismic in addition to ocean bottom node (OBN) data. The latter provides “cleaner” data than that gathered by traditional seismic.
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”.
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.
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.
Galp hints at success for Namibian Orange Basin test
Success at Mopane would represent a step forward for Namibia’s Orange Basin.
BW Energy board rejects offer as unfair, but notes pressure
“At the same time [it is] hoping that shareholders with a long-term perspective will continue to support the company through joint ownership in the future”.
Shell to bid farewell to Bollsta after one more exploration well
“We intend to continue our back-to-back drilling campaign over the remaining term of the contract by appraising the Jonker discovery and drilling at least one more exploration well.”
Overcoming the curse of Big Oil
A worrying aspect of the global energy transition now gathering pace is how impoverished countries with large oil and gas discoveries react to wealthy nation rhetoric telling them that they should kiss the chance of making $billions goodbye before they’ve even started harvesting the resource.
Africa Oil rides expectations with drilling in Namibia, Nigeria
FEED work “could facilitate” a final investment decision (FID) on Preowei, Africa Oil, said.
Chevron lines up drill plans in Orange Basin
The block is to the north of Block 2913B, where TotalEnergies has made discoveries including Venus.
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.
ReconAfrica bids fond farewell to Mexico
The company had made a commitment to spend $31mn on the Chiapas blocks by February 2024.
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.