Namibia News

TotalEnergies Grows Its Orange Basin Appetite

Nov 26, 2024

TotalEnergies is seeking environmental authorisation to drill up to seven exploration wells in the southern part of its Deep Water Orange Basin (DWOB) block off the west coast of South Africa, documents from environmental consultants SLR showed on Tuesday…

Bourbon to Support Oil and Gas Major’s Drilling Campaign Off Namibia

Nov 13, 2024

Bourbon Logistics has secured a new fully integrated logistics contract by an unnamed oil and gas major to support its exploration campaign and the drilling of its first well in the waters of southern Namibia.The campaign, estimated to last about six months…

TotalEnergies Grows Stake in Two Blocks Offshore Namibia

Nov 04, 2024

Africa Oil has completed the farm down of its interests in blocks 2912 and 2913B offshore Namibia, containing the Venus field, to TotalEnergies EP Namibia.The farm down was conducted via Africa Oil’s investee company Impact Oil & Gas Limited…

Equinor Hires Northern Ocean’s Deepsea Bollsta Rig for Ops Off Norway

Nov 18, 2024

Equinor has awarded a two-year firm contract to Northern Ocean Wind to employ the mobile rig Deepsea Bollsta, operated by Odfjell Drilling, on the Norwegian continental shelf.The contract value for the firm period is calculated at around $335 million…

Namibia: The Newest Most Promising Deepwater Rig Demand Hotspot

Aug 27, 2024

Over the past few years the Namibian Orange Basin has emerged as an exciting new oil province and subsequently a provider of significant new demand and future demand potential for deepwater drilling rigs.According to Westwood’s Wildcat, “the…

Galp Spuds New Appraisal Well Offshore Namibia

Oct 25, 2024

Portuguese oil company Galp has started second exploration and appraisal campaign at Orange Basin block, offshore Namibia.The appraisal campaign is being conducted at blocks 2813A and 2814B, part of PEL 83 license, where Galp is the operator with 80% stake…

Esgian Week 41 Report: Operators in Norway Preparing for Drilling

Oct 13, 2024

Esgian highlights that operators in Norway are preparing new wells for Odfjell Drilling, COSL and Saipem semisubs in its Week 41 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling has secured new contracts for its 350-ft jackups…

Esgian Week 40 Report: TotalEnergies Sanctions New Development

Oct 06, 2024

Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible…

Petrobras Wants a 40% Stake in Galp's Mega Oil Block in Namibia

Sep 23, 2024

Brazil's Petrobras is expected to seek the entire 40% stake of Namibia's Mopane oil and gas exploration block put up for sale by Portugal's Galp, a director at the state-run oil firm said on Monday.To operate the oil field, Petrobras would need the full 40% stake…

TotalEnergies Set to Make FID for $10B Development Offshore Suriname

Oct 01, 2024

French oil major TotalEnergies will sign a final investment decision (FID) on Tuesday for a more than $10 billion offshore oil and gas development in Suriname, the South American country's first, said four sources with knowledge of the project…

Esgian Week 39 Report: Petrobras Finalizes Roncador Tender

Sep 29, 2024

Esgian highlights several new contracts in its Week 39 Rig Analytics Market Roundup.Report SummaryContractsMarket sources indicate that ADNOC has exercised an extension option for the 350-ft jackup drilling rig Aryabhatt 1 in Abu Dhabi.Petrobras…

Namibian Oil Discoveries Send Asset Demand Soaring

Aug 29, 2024

The discovery of increased reserves of crude oil in Namibia has sparked interest in Namibian assets, with an index fund tracking local government bonds poised for its biggest annual jump on record.The Exchange Traded Fund tracking local government…

Shell to Cut Oil Exploration Workforce

Aug 29, 2024

Shell plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan widens his cost-saving drive to the highly profitable division after deep cuts in renewables and low-carbon businesses, company sources said…

Esgian Week 33 Report: New Contracts in North Sea, Nigeria

Aug 18, 2024

Esgian provides an update on new jack-up contracts in the North Sea and Nigeria in its Week 33 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling 400-ft jackup Prospector 1 has secured a contract extension with ONE-Dyas for work offshore the UK and the Netherlands…

Shell Joins Chase for 'Big Prize' Off South Africa's West Coast

Jul 09, 2024

Shell is seeking government permission to drill up to five ultra-deep offshore wells off the west coast of South Africa, a draft scoping report from independent environmental consultancy SLR showed on Tuesday.The oil major plans to drill exploration…

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