TotalEnergies floats potential second Orange Basin development
“For me, it’s easier to develop offshore projects than onshore projects. Onshore there are stakeholders, who are more complex to manage.”
Namibia
Total hints at further Namibia successes
Total has two rigs working in Namibia, with the Tungsten Explorer and the Deepsea Mira. A recent update from Vantage Drilling reported Total had extended the contract on the Tungsten Explorer into the second quarter of 2024.
Namibia: Shell and TotalEnergies giant oil discovery threatens resource curse
It’s touted by some as possibly the world’s biggest-ever deep-water oil find.
Namibia sees transition “war” threaten Venus, Graff developments
“Unless Namibia puts together a narrative to win the energy transition war, [the country’s] oil will remain in the ground.”
Hill leaves IOGP, signs up with Namibian junior
"Ms. Hill’s experience in the African energy sector will be invaluable to the Board as we build out our business and grow the Company.”
Minnow extends Namibia licence
In March, Global said the Marula prospect may contain 411 million barrels, under an unrisked gross prospective resource. Welwitschia Deep may hold 881mn barrels.
Shell, Total flag Namibia as a major work in progress
“In September we’ll have the results of the first test, which is very important. Productivity per well is important, if it’s 15,000 barrels per day it’s fine, if it’s five, it’s not fine.”
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.
Namibia needs an independent upstream regulator
Namibia has recently gained significant attention as a result of the offshore discoveries by TotalEnergies and Shell in 2022. Namibia seems on its way to becoming a major oil and gas producer.
Namibia approves ReconAfrica well plans, ahead of Damara drilling
ReconAfrica said the ECC would allow it to drill exploration and appraisal wells in the Kavango Basin, from this month until July 2026.
TotalEnergies wins WoodMac exploration gong for Venus find
Latham said the industry admired “operators who can not only open new frontiers, but also find large volumes of advantaged resources. TotalEnergies recent efforts and discoveries have been excellent examples of both trends.”
Hyphen sets sail for Namibian hydrogen exports
For Hyphen, the opportunity is in Europe and Asia, specifically Japan and South Korea. These markets have set targets to shift to hydrogen, but have limited domestic capacity to produce their own supplies.
Hyphen secures Namibia government agreement
Hyphen CEO Raffinetti said the company aimed to provide a “first supply of ammonia from our project into Europe by early 2028”. It aims to reach 2mn tpy of ammonia by 2029.
South Africa aims to tackle NGOs’ “veto power” on exploration
Mantashe made it clear that he blamed foreign-funded NGOs for the slow process of development. “They block development in our country”.
ReconAfrica seeks partner to catalyse drilling plans
“From a market perspective, there’s a lot more interest in buying barrels at the right price, but there’s still appetite for exploration, particularly in sub-Saharan Africa.”
Galp signs up rig for Orange Basin test
The Hercules is undergoing a special survey in Norway ahead of mobilisation to Canada. After Canada, it will re-cross the ocean and head to Namibia.
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.
International offshore oil calls once more
Nigeria’s emissions are 16 kg of CO2 per barrel and Angola’s 17 kg, while on the shelf they rise to an average of 33 kg.
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.
No room to grow, independents face a returns squeeze
“The cost of getting things done is astronomically higher for oil and gas than for the greener projects,” he said. “In the longer term it’s bullish for prices, as not enough investment is going into the areas where it should be.”
Shell scores third find off Namibia
The Deepsea Bollsta rig carried out the Jonker work. Shell said the semi-submersible would remain on PEL 39 to drill further exploration and appraisal wells.
Woodside enters Namibia, on trend with Venus
The company expects seismic results in mid-2023, Rushworth said.
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.”
Downstream props up TotalEnergies’ profit machine
The French supermajor said it expected to pay $400 million under the UK Energy Profits Levy (EPL) in the fourth quarter, bringing the full-year impact of the windfall tax to an expected $1bn.