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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Total Energies

4 Results / Page 1 of 1

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Business / Economics

Namibia set for multiple offshore drilling projects this year

Namibia's offshore oil drilling will resume with the arrival of Saipem SpA’s Santorini drillship at the Mopane site, following a discovery by Galp Energia SGPS SA. Bloomberg reports that this marks the beginning of several drilling campaigns, including projects by TotalEnergies SE and Chevron Corp. Galp's CEO indicated that the company is preparing to drill its first of four new wells in Namibia later this year. Speaking at a conference […]

todayOctober 24, 2024 22

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Africa

TotalEnergies Sells Minority Stake in Nigerian Onshore Oil JV for $860 Million

TotalEnergies has sold its 10% stake in the Shell Petroleum Development Company of Nigeria Limited to Mauritius-based Chappal Energies for $860 million says Reuters. CEO Patrick Pouyanne announced in February that TotalEnergies planned to exit the venture due to numerous oil spills caused by theft, sabotage, and operational issues, which resulted in costly repairs and high-profile lawsuits.

todayJuly 18, 2024 12

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Business / Economics

Energy companies bid for stake in Galp’s Namibia oil discovery

Exxon Mobil, Shell, TotalEnergies, and Equinor are among the major energy companies considering bids for a 40% stake in Galp Energia's Mopane oil field discovery offshore Namibia. According to Galp Energia's estimates, the Mopane complex contains 10 billion barrels of oil equivalent (boe) and could be valued at around N$362 billion or more, as reported by Bloomberg. Bloomberg reports that Galp Energia, with the help of a financial advisor, is […]

todayMay 22, 2024 45

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Africa

Uganda will soon be exporting oil: an energy economist outlines 3 keys to success

By Micah Lucy Abigaba, Makerere University Uganda entered into agreements in 2012 with two foreign oil entities to exploit its oil resources. Total Energies holds 56.67% of the joint venture partnership and China National Oil Offshore Company (CNOOC) has 28.33%. Through Uganda National Oil Company, the government owns the remaining 15%. Production is due to start in 2025. As part of the production sharing agreement, the production licences are valid […]

todayDecember 12, 2023 8

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