Namibian President Netumbo Nandi-Ndaitwah’s weekend cabinet reshuffle will bring oil and gas more directly under her control, as international explorers look to increase offshore discoveries. Drilling activity has grown since TotalEnergies and Shell made initial finds in 2022. SourceContinue Reading
Interocean Marine Services (Interocean), a leading specialist in offshore support services, has been named the winner of this year’s Associate Member’s Safety Award at the prestigious IADC North Sea Chapter (NSC) Annual Safety Awards. SourceContinue Reading
A flurry of oil projects from Brazil to Saudi Arabia are set to come online this year, providing the biggest infusion of new crude production in more than a decade, according to analysts from investment firm Raymond James. SourceContinue Reading
ReconAfrica has moved up drilling plans for its Prospect I exploration well in the Damara Ford Belt region of Namibia as a result of successful progress to date. Prospect I contains significant hydrocarbon and natural gas potential, the company announced. SourceContinue Reading
Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). SourceContinue Reading
In a webinar hosted by the African Energy Chamber, Namibia’s Ministry of Mines and Energy and Wood Mackenzie on March 20, Namibia announced new offshore licensing opportunities and plans to drill seven wells in 2025. SourceContinue Reading
Reelwell AS has secured a strategic equity investment by Odfjell Technology, the company announced today. The deal sees Odfjell Technology purchase a 10% stake in Reelwell for 40 million NOK. The investment will be used to grow and develop Reelwell’s industry-leading DualLink digital pipe technology. SourceContinue Reading
Shell Brasil, a subsidiary of Shell plc, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater project in the pre-salt area of the Santos Basin, offshore Brazil. The development plan includes the installation of a FPSO vessel and is designed to produce up to 120,000 bopd. SourceContinue Reading
Oil executives pressed for faster permitting — and didn’t discuss concerns about falling crude prices — during a meeting with U.S. President Donald Trump on Wednesday, Interior Secretary Doug Burgum said. SourceContinue Reading
OPEC+ nations that have persistently exceeded production quotas provided updated plans to make additional cutbacks in compensation. The pledged reductions should — in theory — offset the group’s plans to revive halted output through to the end of next year. SourceContinue Reading
