Atlantic margin focused Chariot Oil & Gas is dropping out of two blocks offshore Namibia. The firms says it has elected not to enter into the First Renewal Exploration Period of the exploration licenses covering Blocks 2714A and 2714B…
Windfire Capital has signed a letter of intent with DMiner Asset Management to acquire 76.5% in a license offshore Namibia. Windfire will acquire the stake in license 0079, covering Blocks 2815 and 2915, through the acquisition of 91…
Infield Systems’ Catarina Podevyn surveys the FPSO market and discusses recent projects awards. The John Evans Atta Mills MV25 FPSO, operating at Tullow’s TEN project, offshore Ghana. Photo from MODEC…
Tullow Oil has revealed its plans for the rest of the year to drill offshore Suriname, and resuming at the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana. Image from Tullow Oil. In the company’s half year 2017 report…
India's ONGC Videsh has signed definitive binding agreements with Tullow Oil to acquire a 30% stake in a license offshore Namibia, marking its entry into the Namibian offshore. Namibia Petroleum Exploration License 0037 covers Blocks 2112A…
Global Petroleum has contracted Seabird Exploration to acquire 834km of full fold 2D seismic data covering block (PEL 0029) offshore Namibia. The survey has been designed as an infill program with the aim of providing better delineation of an extremely large…
Chariot Oil & Gas says preparation for drilling on its acreage offshore Namibia has started following a review identifying 1.75 Billion bbl of gross mean prospective resources. Chariot says a Competent Person's Report on Namibian Blocks 2312 & 2412A (the Central Blocks)…
Tullow Oil is delaying plans to drill PEL-37 offshore northern Namibia, suggesting that further work is required to identify a drillable prospect. The drilling of the first exploration well was to start no later than 27 March, provided…
BW Offshore signed a farm-out deal to become operator of the Kudu license offshore Namibia with 56% stake. The company’s subsidiary BW Kudu will take over the license, with Namibian state-owned oil company National Petroleum Corp. of Namibia (NAMCOR) holding the remaining 44% interest…
Africa-focused independent explorer Impact Oil and Gas has raised US$12.3 million, which is plans to spend on subsurface work, including 3D seismic survey covering approximately 1900sq km, offshore Namibia. In Namibia, Impact Oil and Gas operates Blocks 2913B…
Africa Energy Corp. has entered into a farmout agreement with a subsidiary of Pancontinental Oil & Gas pursuant to which Africa Energy will acquire a 10% participating interest in Petroleum Exploration License 37 offshore, Republic of Namibia (PEL 37)…
A flurry of major gas discoveries in East Africa in 2012 shone a spotlight on the region. Four years later, while efforts to bring some of those resources to market via LNG developments are progressing, the exploration effort offshore appears to be in the doldrums…
Two Namibia focused explorers have been granted permission to move into their next phases of exploration on blocks offshore Namibia by the country's authorities. Eco Atlantic has been allowed to move forward on licenses PEL 030 (Cooper Block)…
Ultra-deepwater exploration on the Atlantic margin could be the opportunity the offshore industry is looking for, according to geoscience firm Spectrum. Elaine Maslin reports. Maersk Venturer drillship…
Murphy Oil is planning to make cuts to its worldwide workforce in direct response to the negative impacts of low commodity prices. Image from Murphy Oil. “Over the course of the past year and a half…
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