Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, the southern African nation's mines and energy minister said on Friday. Both companies announced earlier this…
Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible 'transformative' clean power acquisition, company and industry sources said.Sawan will from…
Oil major Shell has booked a semi-submersible drilling rig for its operations in Namibia, where it recently struck a major offshore oil discovery.Offshore rig owner Northern Ocean said Thursday that Shell Upstream Namibia B.V., a subsidiary of Shell…
Oslo-listed oil and gas company BW Energy said Tuesday that its BW MaBoMo offshore production facility had sailed away towards Gabon.The production facility, converted from the Hibiscus Alpha jack-up drilling rig, is currently onboard a heavy…
38 high-impact exploration wells were drilled in the first half of 2022, similar to the same period in 2021 when 39 wells completed, says industry analysts Westwood Global Energy Group. The 38 wells resulted in 13 potentially commercial discoveries at a 34% commercial success rate…
Oil and gas company Eco Atlantic said Friday it expected to start drilling at its Gazania-1 well off South Africa in September, as the Island Innovator rig, owned by Island Drilling Company AS, was released and mobilized Friday. The Gazania-1 well is located in the Orange Basin in South Africa…
Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet…
Uruguay's ANCAP has awarded three of the six available offshore blocks on its continental shelf to Shell and Apache, following bids received in the most recent ANCAP 2022 Open Bidding Round.Shell won the rights to the shallow-water block OFF-2 and deepwater Block OFF-7…
Italian oil and gas firm Eni's giant oil find offshore Ivory Coast last year won the 'discovery of the year' award, and Eni also secured the title of the upstream industry’s most-admired explorer, an accolade awarded as part of Wood Mackenzie’s annual Exploration Survey…
The region could be a key growth market for the oil and gas industry going forward, writes Joshua Belo-Osagie, Maritime Strategies International (MSI).Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices…
Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies made a significant oil discovery this year, four industry sources told Reuters.Impact, which is privately owned and focused on exploration in Africa…
Namibia on Thursday launched a sovereign wealth fund, months after oil discoveries by TotalEnergies and Shell off its coast.President Hage Geingob said at the launch the Welwitschia Fund would get an initial injection of 262 million Namibian dollars ($16…
Challenger Energy, the company previously known as the Bahamas Petroleum Company, has formally signed a license agreement for the AREA OFF-1 petroleum license offshore Uruguay.The AREA OFF-1 license has a total area of approximately 15,000 km2 and is situated in water depths from 20 to 1000 meters…
French oil major TotalEnergies said Thursday it had made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.TotalEnergies said that its Venus…
QatarEnergy on Wednesday signed a cooperation agreement with NAMCOR Exploration and Production (NAMCOR E&P), a subsidiary of the National Petroleum Corporation of Namibia (NAMCOR).'The agreement provides the framework for cooperation between…
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