Shell confirms light oil offshore Namibia
Shell and Namcor have announced a light oil discovery at the Graff-1, offshore Namibia.
Shell and Namcor have announced a light oil discovery at the Graff-1, offshore Namibia.
Tullow Oil’s shift to a more conservative stance is paying off, it seems, with debt down and cash flow on the rise.
Shell’s Graff-1 well has made a “significant” discovery offshore Namibia, Reuters has reported citing three industry sources.
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Eco (Atlantic) Oil & Gas is buying South Africa and Namibia-focused Azinam, with CEO Gil Holzman talking of building a major exploration focused independent.
With Shell’s seismic plans in disarray, South African activists are turning their sights on more offshore plans from Searcher Seismic.
Namibia will receive N$100 million ($6.3mn) in concession fees from its preferred hydrogen bidder this year, President Hage Geingob has said.
Hydrogen is a major target in the energy transition, so it is only right that Africa launch its own plan to accelerate uptake.
The UK has removed all 11 countries from the red list in the face of international pressure.
Shell has spudded the Graff-1 exploration well, offshore Namibia, as TotalEnergies continues drilling on the nearby Venus prospect.
TotalEnergies has spudded the Venus-1X exploration well offshore Namibia, in Block 2913B.
The Maersk Voyager has set sail for the Venus site, offshore Namibia, where it will drill perhaps the most hotly anticipated well of the year in Africa for TotalEnergies.
Climate change is a global problem but some areas have more to lose, particularly those in the developing economies.
Aquadrill has sold a semi-submersible rig to BW Energy, which plans to convert it into a floating production unit (FPU) for a gas field off Namibia.
Reconnaissance Energy Africa has completed its 2D seismic shoot in northeast Namibia and pushed back drill plans slightly.
Prince Harry has taken up the cause of protecting the Okavango Delta, calling for Reconnaissance Energy Africa to halt its work.
Namibian Petroleum Commissioner Maggy Shino has defended Reconnaissance Energy Africa’s conduct in the Kavango region.
Reconnaissance Energy Africa has come under fire for alleged damage during its 2D seismic campaign, with calls for the Namibian government to withdraw approval.
As one of the few companies carrying out exploration in sub-Saharan Africa, Reconnaissance Energy Africa (TSXV:RECO; OTC:RECAF; FRA:0XD) is keenly aware of justifying its presence.
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.
Reconnaissance Energy Africa is disclosing more information on its efforts, even while short sellers maintain criticism of its plans.
The International Union for Conservation of Nature (IUCN) has called on Botswana and Namibia to increase scrutiny of oil and gas plans in the Okavango Delta.
France’s Bourbon will provide a logistics package to Shell for upcoming exploration wells offshore Namibia and Sao Tomé & Principe.
Reconnaissance Energy Africa has found five potential reservoir zones in the 6-2 well and made progress on seismic.
Germany has agreed to establish a green hydrogen partnership with Namibia, with seawater desalination playing a major role.