bp acquires interest in three Namibian exploration blocks
bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream … Read More
Tag: Walvis Basin
NAMIBIA: Sintana Energy Provides Indirect Interest in PEL 37 in the Walvis Basin
Sintana Energy has announce that it has entered into a Letter of Intent providing for a period of exclusivity in relation to an investment providing for an indirect interest in … Read More
NAMIBIA: Stamper Oil & Gas Announces Definitive Agreements to Acquire Bisp Exploration
Stamper Oil & Gas Corp. has announced it has entered into an acquisition agreement dated May 12, 2025 among the Company, a wholly owned subsidiary of the Company (Subco), and BISP … Read More
NAMIBIA: Grand Gulf Energy Executes Option Agreement for a 70% working interest in Block 2312
Grand Gulf Energy Limited (Grand Gulf or the Company) has announce that it has entered into a binding Option Agreement (Agreement), providing Grand Gulf with an exclusive option to acquire … Read More
NAMIBIA: Chevron Farms Into PEL 82 Signaling Growing IOCs Interest in African Energy
Africa’s oil and gas sector continues to draw interest from international oil companies (IOCs) through well-structured Production Sharing Contracts (PSCs) and strategic farm-in agreements. Last week, US major Chevron completed … Read More
SOUTH AFRICA/ NAMIBIA: Eco Atlantic Reports Transaction with Africa Oil Corp
Eco (Atlantic) Oil & Gas has announced it has signed an Assignment and Share Cancellation Agreement with Azinam Limited, Eco’s wholly owned subsidiary, Africa Oil Corp. pursuant to which Azinam has agreed to … Read More
NAMIBIA: Global Petroleum Raises £253,000 to Meet Obligations Relating to the Walvis Basin License PEL94
Global Petroleum has raised £253,000 in aggregate before costs through a Placing of 421,666,666 Ordinary Shares. Daniel Page, Executive Chairman of Global Petroleum commented:“The primary purpose of the Fundraise is … Read More
NAMIBIA: Galp Energia Secures Contract for Semi-Submersible Rig Hercules
SFL Corporation has signed a contract with a subsidiary of Galp Energia for the harsh environment semi-submersible rig Hercules with an estimated contract value of approximately $50 million. The contract is for … Read More
NAMIBIA: Searcher Geodata UK to Sponsor PEL 94 Environmental Impact Assessment
Global is pleased to announce that it has agreed with Searcher Geodata UK Ltd , to sponsor an Environmental Impact Assessment (EIA) to be managed by Searcher, ahead of a … Read More
NAMIBIA: Pancontinental Withdraws from PEL 37 Licence
Pancontinental Energy’s 66.67% subsidiary, Pancontinental Namibia, has decided to withdraw from the process of seeking an extension to the original PEL 37 Licence offshore Namibia. Pancontinental has held the licence since 28th March 2011. Since the withdrawal of farminee … Read More