Namibia News

Esgian Week 30 Report: New Deals for Valaris, Noble and Transocean

Jul 28, 2024

Esgian provides an update on new rig deals in its Week 30 Rig Analytics Market Roundup.Report SummaryContractsValaris has been awarded a multi-year contract with Equinor Energy do Brasil, a subsidiary of Equinor, for the 12,000-ft drillship Valaris DS-17…

Over a Dozen Oil Firms Line Up for Galp's Namibia Oil Prospect

Jul 02, 2024

Over 12 oil companies, including Exxon, Shell and Brazil's national oil company, have expressed interest in buying a 40% stake in Galp Energia's major oil discovery offshore Namibia, sources close to the sale process said.Galp's Mopane discovery…

Northern Ocean’s Deepsea Bollsta Semi-Sub Finds Work Off Namibia

Jun 27, 2024

Oslo-listed offshore drilling rig owner Northern Ocean has secured a contract with a subsidiary of a major oil and gas operator for its Deepsea Bollsta semi-submersible drilling rig, which will be put to work offshore Namibia.The one well contract…

TotalEnergies to Exit Gas Field Offshore South Africa in Blow to Country

Jul 03, 2024

French oil major TotalEnergies has notified South Africa's petroleum regulator that it intends to withdraw from its 11B/12B offshore gas field but has yet to submit a formal request to do so, a source at Petroleum Agency SA said.TotalEnergies…

Eni Hires ABL for Congo Floating LNG Transportation and Installation Verification

Jul 11, 2024

Energy and marine consultancy ABL has been appointed by Eni to provide marine warranty survey services (MWS) for the offshore transportation and installation (T&I) campaign for Phase 2 of the Marine XII Congo LNG development project.Phase 2 of the project envisages the fabrication…

Sintana Energy Joins Two Blocks in Orange Basin Offshore Namibia

Jun 10, 2024

Oil and gas company Sintana Energy has completed the acquisition of shares in Giraffe Energy Investments, securing a stake in two blocks in the Orange Basin, offshore Namibia.Sintana Energy has closed the previously announced acquisition of…

Esgian Week 26 Report: Drilling Activity is High

Jun 30, 2024

Esgian provides an update on drilling activity in its Week 26 Rig Analytics Market Roundup.Report SummaryContractsVentura Offshore has been granted exclusive marketing rights from Hanwha Drilling LLC for the newbuild 12,000-ft 7th generation drillship…

Namibia's NAMCOR Signs Deal with Chevron to Develop Offshore Block

Apr 29, 2024

Namibia's national oil company has signed a development deal with Chevron that will see the U.S. oil major take an 80% operating working interest in an offshore block in the Walvis Basin, it said on Monday.The farm-out agreement with Chevron…

Shearwater Kicks Off Pelotas Basin 3D Survey Off Brazil

Jun 05, 2024

Shearwater GeoServices has ramped up its multi-client activity by starting the Pelotas Basin 3D survey, offshore Brazil.The survey represents the fifth multi-client 3D acquisition project so far for Shearwater, the company said.The Pelotas Basin…

Eco Atlantic Farms Into Orange Basin Block Off South Africa

Jun 06, 2024

Eco (Atlantic) Oil & Gas has started the farm-in process into Block 1 offshore South Africa Orange Basin, while confirming it is relinquishing its 50% working interest operated offshore Block 2B in South Africa.Through its 100% owned subsidiary Azinam South Africa Limited…

South African Appeals Court Throws Lifeline to Shell's Wild Coast Exploration

Jun 03, 2024

A South African appeals court on Monday suspended a previous ruling that halted offshore exploration by Shell along the unspoilt Wild Coast and allowed oil companies another chance at public consultation, court documents showed.The lack of public…

Esgian Week 22 Report: A Shrinking Pool of Vintage Semisubs

Jun 02, 2024

Esgian provides an update on rig sales and the shrinking pool of vintage semisubs in its Week 22 Rig Analytics Market Roundup.Report SummaryContractsNoble Corporation has secured a new well intervention contract with Harbour Energy in UK waters of the North Sea for the 350-ft jackup Noble Resilient…

BW Energy Appoints New CFO

May 29, 2024

Oil and gas company BW Energy has appointed Brice Morlot as Chief Financial Officer (CFO).Effective June 30, 2024, Morlot will succeed Knut R. Sæthre, who has been the CFO of BW Energy since 2019.Morlot brings extensive experience to the company…

BP-Eni JV Azule Inks Deal for Namibia Offshore License

May 03, 2024

A BP-Eni joint venture and Rhino Resources Namibia have signed an agreement for a 42.5% interest in a block in the country's offshore Orange Basin, the companies said on Friday.The agreement is Azule Energy's first investment in Namibia. Azule…

Sintana Energy Expands Orange Basin Scope Offshore Namibia

Apr 25, 2024

Oil and gas company Sintana Energy has entered into agreement to acquire up to 67% shares of Giraffe Energy Investments, the owner of a 33% interest in petroleum exploration license 79 (PEL 79) which governs blocks 2815 and 2915 offshore Namibia…

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