For now, the companies are waiting for a development licence. Aminex confirmed to Energy Voice that this “unlocks activity pertaining to the development of the field". This includes drilling production wells or well workovers.
Galp is drilling the Mopane 2 well, but Bank of America has raised concerns over the implied valuation, amid fears of a Namibia bubble.
While the deal is immediately accretive to Vaalco, the FPSO on Baobab will go offline in early 2025 for maintenance and upgrades. It should be back in production in 2026.
McDermott International faces a claim for “maximum recoverable damages” linked to its failure to complete a contract for BP offshore Mauritania and Senegal.
Panoro Energy expects growth to continue this year, targeting 40% more production than 2023, despite problems around drilling in Equatorial Guinea.
Perenco has begun drilling an appraisal well in Gabon, close to its shallow water Hylia South West discovery from December 2022.
Alternative oil investment locations are all in the mix for those looking beyond the challenges of the UK and a challenging local environment.
UK utility Centrica said the deal has been future-proofed to enable it to source hydrogen from Norway.
Aberdeen-based JCE Energy has provided a modular solar power system for use on platform owned by Chevron in Angola.
Aberdeen-based Subsea Supplies is celebrating its 25th anniversary after a record-breaking financial year, where turnover hit £10million.
Oil and gas supermajors' swan legs are kicking frantically below the surface as they attempt to navigate the energy transition. In the first of a two-part series, we examine Equinor's approach.
The UK saw its LNG imports fall by 47% last year, new research has found.
The UK’s subsea sector is looking to regain stability and momentum in 2025 after several shaky years.
Christopher O’Shea, chief executive of British Gas owner Centrica, has said he is “worried” about low gas reserves this winter.
Conservative ministers in Scotland have warned of a potential “domestic energy trap” if the government’s green targets result in importing liquefied natural gas (LNG) from Qatar and the United States.
In our exclusive interview, Centrica boss Chris O’Shea discusses his green ambitions for Britain's multinational energy company.
North Sea drilling rig operator Dolphin Drilling (OSLO:DDRIL) has secured a "positive outcome" in its arbitration case against General Hydrocarbons Ltd in Nigeria.
Union Jack Oil plc’s (AIM: UJO) executive chair David Bramhill has said controversially that the “most productive phase” of the Wressle oil field still lies ahead.
A hearing in the Scottish courts this week will decide if planning consent for the UK’s largest undeveloped oil field, and a mature gas basin in the North Sea, will be blocked due to emissions produced by end-use petrol and gas customers.
Norwegian ocean services provider DeepOcean and Aberdeen-based well management firm Exceed Energy have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services. These will be offered to the decommissioning market globally.
Recently, Joides Resolution (JR), arguably the most famous research drillship of all time, was prematurely retired and is now in the early stages of being stripped of its equipment prior to scrapping.
The president of The Rockefeller Foundation, a multi-billion-dollar philanthropic investment house that began life investing the oil profits of John D. Rockefeller, has said the firm’s priority is an “equitable” energy transition.
At least three people are dead after a Sikorsky S76 helicopter crashed carrying oil workers in Nigeria.
ADC Energy announced it has extended a contract with TotalEnergies (PAR:TTE) after the French firm agreed to push ahead with at $9 billion (£6.9bn) oil and gas development offshore Suriname.
Aberdeen technology company Raptor Data has agreed a deal with drilling firm Archer to (OSLO: ARCH) target the well decommissioning market.
Dependence on fossil fuels in major advanced economies “is likely to have peaked” according to the Energy Institute (EI), after European use of hydrocarbons fell below 70% of primary energy for the first time since the industrial revolution – driven by demand reduction and renewable energy growth.
Reabold Resources (LON: RBD) has hailed the "excellent economics" of a new plan and a regulatory green light for its onshore gas project at West Newton near Hull.
The United Arab Emirates’ main oil company agreed to buy a 10% stake in a natural gas project in Mozambique, its second major deal this week as it seeks to expand the business globally.
Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter.
French prosecutors asked survivors and families of victims of a jihadist attack in Mozambique three years ago for more information before a decision on whether to start an investigation into their claims against TotalEnergies SE of involuntary manslaughter, Agence France-Presse reported.
Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position.
