Namibia Archives -

Eco Atlantic Prepares for Guyana Well, Other Work in Namibia and S. Africa

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Feb.2025) — Eco Atlantic is preparing to drill an exploration well offshore Guyana in the Orinduik Block in 2025-2026. Eco operates the block with a 100% working interest and is actively engaged in farmout process to drill a well with potential partners into […]

Namibia Energy Ministry: Shell to Write-Down $400mn in PEL 39 [PDF Download]

(Editors at Energy Analytics Institute, 11.Jan.2025) — Namibia’s Ministry of Mines and Energy issued an official statement saying that Shell will write down $400mn on an oil discovery made in Petroleum Exploration License (PEL) 39 in accordance with the company’s accounting principles. Shell “encountered technical and geological difficulties in PEL […]

High-impact Exploration Could Cut Scope 1 and 2 Emissions by 6% in 2030

(WoodMac, 21.Nov.2024) — Investment in oil and gas exploration has plummeted two-thirds in the last decade, but the industry still has a critical role to play in decarbonisation efforts and providing advantaged barrels in the energy transition, according to the latest Horizons report from Wood Mackenzie. According to the report, […]

EAI: ‘Africa NRG Insights’ Investor Report (PDF Download-Prologue)

HOUSTON, TEXAS (Energy Analytics Institute, 15.Jun.2024) — Energy Analytics Institute‘s recently released ‘Africa NRG Insights’: Africa’s ‘Just’ Energy Transition: An Investor’s Perspective on Opportunities and Challenges, explores the continent’s resources and opportunities as well as its major headwinds. The full 42-page report taps into the insights and thoughts of 9 […]

ExxonMobil, Shell Considering Bids for Stake in Namibia Oilfield

(Offshore Technology, 22.May.2024) — ExxonMobil and Shell are among the energy giants evaluating bids for a stake in Galp Energia’s oilfield offshore Namibia, reported Bloomberg, citing sources. TotalEnergies and Equinor are also interested in acquiring the 40% stake that Galp is looking to sell in the Mopane discovery, the sources added. The Mopane field, part of the […]

TotalEnergies and Vantage enter 75/25 JV Owning Tungsten Explorer Drillship

(TotalEnergies, 26.Feb.2024) — TotalEnergies and Vantage Drilling International signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship. Pursuant to the terms of the agreement, TotalEnergies will pay $199mn for a 75% interest in the JV owning the rig, with […]

African Leaders Slam Western Energy ‘Hypocrisy’ but Financing Woes Remain

(S&P Global, 17.Oct.2023) — In a rousing performance to open African Energy Week in Cape Town, the cry went out from a young troupe of singers: “We want change, we want energy, we want our basic human rights.” The pointed call to action set the tone for the continent’s largest […]

TotalEnergies Named Most-admired Explorer in WoodMac Survey

(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey. Dr. Andrew Latham, Senior Vice President, Energy Research, at Wood Mackenzie, said “For the third time in our industry-leading survey, TotalEnergies […]

Sintana Retains Carried Indirect Interest in Namibia

(Sintana Energy, 21.Apr.2023) — Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) confirmed that over fifty per cent of the 6,872 square kilometers of 3D seismic survey data has been gathered from Petroleum Exploration License 87 (“PEL 87”) and the surrounding area in the Orange Basin in Namibia. Initial processed results […]

New Global Finds Drive Exploration to Value Creation

(WoodMac, 30.Jan.2023) — The global oil and gas exploration sector had its strongest year in 2022 in more than a decade. In its work to improve portfolios by adding lower-carbon, lower-cost advantaged hydrocarbons, the sector created at least $US33bn of value and achieved full-cycle returns of 22%, at $US60/barrel Brent […]

Energy Analytics Institute’s NRGBriefs: August 2022

(Energy Analytics Institute, 31.Aug.2022) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in 2023-24; Sempra Foundation and GRID Alternatives advancing energy access for orphans and migrant youth in Mexico; Datanalisis President Luis Vicente […]

Eco (Atlantic) Updates on Guyana and Namibia

(Eco Atlantic, 25.Aug.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG) announced its results for the three months ended 30 June 2022. In addition, the company is notifying the market of an investor event to be held on 19 September 2022, details of which can be seen below. Today’s announcement […]

NRGBriefs: The Vennie-Trini Gas Dilemma; TotalEnergies’ 1Q:22 Results

(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with its already well-established gas economy and massive four-train Atlantic LNG export complex; Paris-based TotalEnergies reporting 1Q:22 financial results; and Spanish oil giant Repsol reporting production […]

Eco Atlantic Updates Resource Report on Assets in Guyana, Namibia and S. Africa

(Eco (Atlantic), 21.Mar.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO, TSX ‐ V:EOG) announced publication of an updated NI 51-101 compliant Competent Person’s Report (“CPR”) on its assets Offshore Guyana, Offshore Namibia and Offshore South Africa. The CPR was compiled by WSP USA Inc., of Boulder Colorado, USA, an […]

TotalEnergies Makes a Significant Find in Namibia Offshore Block 2913B

(TotalEnergies, 24.Feb.2022) — TotalEnergies 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. The Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir. “This discovery […]

Eco Atlantic Provides Operational Update

(Eco Atlantic, 31.Aug.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) announced its results for the three months ended 30 June 2021, alongside a corporate and operational update. Results Highlights: Financials: — Cash and cash equivalents of $4.85mn (including restricted deposits) and no debt as of 30 […]

Eco Atlantic Reveals Investment In Guyana

(Eco Atlantic, 28.Jun.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) closed a transaction with JHI Associates Inc., a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10% interest in JHI (the ‘Transaction’) and to appoint Keith Hill, […]

Qatar Petroleum Enters Two Namibian Offshore Exploration Blocks

(Qatar Petroleum, 6.Apr.2021) – Qatar Petroleum entered into an agreement with Shell to become a partner in two exploration blocks offshore the Republic of Namibia. Under the terms of the agreement, which is subject to customary approvals, Qatar Petroleum will hold a 45% participating interest in the PEL 39 exploration […]

Kosmos To Farm Down Exploration Assets To Shell

(Kosmos, 9.Sep.2020) — Kosmos Energy has entered into an agreement with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell PLC, to farm down interests in a portfolio of frontier exploration assets for approximately $100mn, plus future contingent payments of up to $100mn. Under the terms of […]

Supermajors Are Flocking To This Booming Oil Frontier

(Oilprice.com, 30.Jun.2020) — Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic – of offshore Guyana fame – is stepping up offshore activity, and onshore, fellow junior Recon Africa is hoping to be sitting […]