insert_link Business / Economics Venus field development proceeds despite Marula-1X setback The National Petroleum Corporation of Namibia Head Office Windhoek, Namibia — The National Petroleum Corporation of Namibia and its joint venture partners—TotalEnergies, QatarEnergy, and Impact Oil & Gas—are moving forward with the development of the Venus Field in Block 2913B (PEL 56), offshore Namibia. This decision comes despite the recent unsuccessful drilling of the Marula-1X exploration well. The Marula-1X well, located approximately 47 kilometers south of the Venus-1X discovery, […] today7 May, 2025
insert_link 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 […] today24 October, 2024
insert_link 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. today18 July, 2024
insert_link 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 […] today22 May, 2024
