Namibia oil and gas companies?

Namibia's National Oil Company Namcor stated that light oil was discovered 270km offshore in Blocks 2913A and 2914B. 0 Payments to related parties 5. At the second edition of AEW in Cape Town on the 18-21of October 2022, Namibia will take a leading role in hydrocarbon dialogue, promoting the country’s rich resources, upstream potential, and competitive edge. 5% participating interest in block 2913B and an additional 9. It began its activity in Namibia in 1964 and currently operates two deep offshore exploration blocks. Oil and gas exploration license. Nedbank Namibia recently hosted another successful evening of industry discussions, this time bringing together an inspiring cohort of industry leaders and government officials in the oil and gas industry. 2% jump in its stock price which hit €1556) on the Lisbon bourse this. 2:14. By Natalie Grover and Wendell Roelf The OPEC+ oil producers group, having lost Angola and other players in recent years, is. Chariot has highly prospective licences in Namibia - strategically positioned within the South Atlantic Margins (counterpart margin to that of. The Government of the Republic of Namibia formally invited international and regional oil and gas companies to submit applications for licenses for petroleum exploration in the southern-African country. Available positions can be found in exploration, geosciences, drilling, sciences, engineering, operations, construction, procurement, management, maintenance, trades, refining, training, oilfield services, admin, HR, IT, finance. Namibian national oil company Namcor is setting its sights on drilling two gas and oil wells in collaboration with international oil companies in the last quarter of this year and into the first quarter of 2024. INSPEC TECHNICAL SERVICES | 447 followers on LinkedIn. Walvis Bay, Namibia. ReconAfrica Targets 3. Enigma was acquired by Chariot in January 2008 and is the holder of the petroleum agreements and licences. "The basins have been de-risked to the extent. Additional finds have companies jostling for more … ReconAfrica begins drilling highly-anticipated Naingopo oil and gas exploration well onshore Namibia. Until 1990, it was part of Mobil. HSBC has raised the bar for climate action, but there's a lot more it can do to reach net zero London-based bank HSBC will immediately stop lending and underwriting for new oil and. NAMCOR's main business is to ensure the optimum exploitation of Namibia's … 2024-07-16 - BOB WEBER. Young Living Essential Oils offers a wide. Historically overlooked by independent oil companies (IOCs) and considered something of an oil and gas frontier state, Namibia is establishing itself more prominently on the international oil and gas map. Having completed three seismic surveys of the Petroleum Exploration License (PEL) 39 – of which Shell has a 45% participating interest – between 2014 and 2019, the company went on to safely drill the first exploration well in the. 00:00. Junior explorer Sintana was an early buyer of licences to drill off the Namibian coast. Further 2023 analysis reveals that the commercial success rate is down WINDHOEK, Namibia - April 24, 2024 - Halliburton Company (NYSE: HAL) today announced it has been awarded a deep water integrated multi-well construction contract by Rhino Resources Ltd. Shell is in the early stages of exploring for offshore oil and gas in Petroleum Exploration License 39 (PEL 39) with its JV partners, QatarEnergy (45% participating interest) and NAMCOR, the national oil company of Namibia (10%). Dun & Bradstreet gathers Mining (except Oil and Gas) business information from trusted sources to help you understand company performance, growth. Refer to our Namibia Tax Reference and Rate Card:. PA) recently made discoveries off the coast of Ron has covered since 2014 the world's top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector's turmoil during the COVID-19 pandemic. NSAI Annual NI 51-101. 2022 Intakes in Namibia [Universities, Colleges,…Read More » The second edition of The Namibia Oil and Gas Conference will take place 20-22 August 2024 in Windhoek, another all-encompassing event and unparalleled opportunity for local and global investors to connect together, develop and sign deals and partnerships. 1 Transfer pricing All companies subject to Namibian tax are required to undertake their transactions with connected parties on an arms’ length basis since September 2005. It began its activity in Namibia in 1964 and currently operates two deep offshore exploration blocks. The E-Z-GO company officially s. Here are some oil and gas companies with a s. Announcing the company's full-year 2023 results, Pouyanne also confirmed recent reports about an oil find in TotalEnergies' Mangetti-1 exploration well but stopped short of offering any details. The Cooper Block (PEL 97) is situated in shallow water (100-500m) within the Walvis Basin offshore Namibia and covers approximately 5,788 km 2. Namibian national oil company Namcor is setting its sights on drilling two gas and oil wells in collaboration with international oil companies in the last quarter of this year and into the first quarter of 2024. We are a legally enacted entity under the Namibian Companies Act 28 of 2004 with the Government of the Republic of Namibia as our sole shareholder. Chevron's acquired acreage is just west of Galp's. Ndapwilapo Selma Shimutwikeni, CEO and Founder of Rich Africa Consulting, explores how Namibia’s focus on local content is set to unleash a wealth of opportunities for the local population, building on recent breakthroughs in the upstream industry. For nearly three decades, we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the industry and the people behind them. Focus Africa. Some 256 service companies participated in introductory sessions at Walvis Bay, Lüderitz, and Oranjemund earlier this year. FILE PHOTO: An oil and gas drilling platform stands offshore near Dauphin Island, Alabama. As oil and gas prices surge following sanctions against Russia, Africa may be well-positioned to become a global energy production hub. ReconAfrica has said it struck a massive oil field in northern Namibia. Our business is built on sound human capital principals, while offering all our clients the highest level of loyalty. We lead several community outreach initiatives in the country 1964 the year we first began operating in the country. For the first time since independence, Namibia’s upstream oil and gas sector is on the verge of rapid transformation. January 28, 2021 Walvis Bay, Namibia — The search for oil and gas in the watershed of the world-famous, wildlife-rich Okavango Delta moved one step closer to reality when a. A spate of farm-in agreements over the last six months suggests that. Gazania 148 Investments (PTY) Ltd -- Namibia. Eco (Atlantic) has assumed operatorship of the. Regalis Petroleum Limited -- Namibia. 05/17/2021. Ndapwilapo Selma Shimutwikeni, CEO and Founder of Rich Africa Consulting, explores how Namibia’s focus on local content is set to unleash a wealth of opportunities for the local population, building on recent breakthroughs in the upstream industry. This sector encompasses various companies that are involved in the exploration, extraction, refining, and. This interactive chart shows energy intensity. The rig arrived at Walvis Bay last Tuesday. Chevron’s acquired acreage is just west of Galp’s. It is the first exploration well. This marks the first well drilled in PEL 83, a promising area for hydrocarbon exploration. January 28, 2021 Walvis Bay, Namibia — The search for oil and gas in the watershed of the world-famous, wildlife-rich Okavango Delta moved one step closer to reality when a. Find detailed information on Mining (except Oil and Gas) companies in Swakopmund, Namibia, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. Reconnaissance Energy Africa (Recon), a small-cap Canadian mining company, is exploring for oil and gas in Namibia's Kavango River Basin. Total owns a 40% working interest, while QatarEnergy, Impact Oil and Gas and Namcor have stakes of 30%, 20% and 10%, respectively. The state-owned National Petroleum Corporation of Namibia (NAMCOR) is the key organisation in the sector. Therefore, upstream oil and gas infrastructure will be a key driver in fostering increased investment. Oil companies are flocking to Namibia, excited by the country's plans to open up a major new frontier basin with recent offshore finds ranking among the largest this century. Namibia, which has. Human-rights lawyers are requesting an investigation into a Calgary-based oil and gas company, alleging Reconnaissance Energy Africa Ltd. Impact Oil & Gas, a privately-owned, Africa-focused, exploration company has announced an update on its appraisal and exploration programme, offshore Namibia, including the successful drilling of the TotalEnergies-operated Venus-1A appraisal well, a flow test on the Venus-1X re-entry in Block 2913B (PEL 56) and its future activity. Namibia Petroleum Operators Association (NAMPOA) | 1,546 followers on LinkedIn. The association aims to ensure Namibian businesses and communities enjoy a just stake in Namibia's prospective oil and gas industry. Pioneer Oil and Gas Consulting (POGC) is a consulting firm based in Windhoek, Namibia. To be more specific, the energy world is watching. Eco is actively involved in the global energy transition and aims to deliver material value for its stakeholders by exploring for hydrocarbons in some of the most prolific petroleum basins around the world. Young Living Essential Oils is a company that specializes in providing natural, therapeutic-grade essential oils and oil-infused products. Without a doubt, Article 100 of the Namibian Constitution states that ownership of all resources, including oil and gas within the borders of Namibia, belong to the Namibian people. What are oil and gas? Petroleum, also known as crude oil and oil, is a naturally occurring, yellowish-black liquid found in geological formations beneath the Earth’s surface. Leverage your professional network, and get hired. Concession-based fiscal regime, governed by the 1991 Petroleum Act and based on the 2007 model contract. "With four major discoveries already under our belt, Namibia holds great potential for further developments in oil and gas, attracting other international oil companies (IOCs) like Shell and Total. The White Paper on Energy Policy of 1998 resolved that Government will ensure that policymaking, regulatory oversight and industry operations are separated. This investment, confirmed to New Era by a NamPort executive, includes new berths and quay walls, Namcor's strategic partnerships with companies like PGS for 2D and 3D data acquisition reinforce its status as an emerging energy player. The latter, Chariot Oil and Gas (Prospect S) penetrated the targeted turbidite reservoir sands, however the reservoirs were found to be water-bearing. APOS provid services with excellence and professionalism Our ambition : Developing and Building together with our Client and. NAMCOR (National Petroleum Corporation of Namibia) is the national oil company of Namibia, with the mission of creating value to all its stakeholders across the oil and gas value chain. TotalEnergies and Shell initially announced 'significant' discoveries earlier this year 04 September, 2022 Adnoc says it cut 6. Namibia's national oil company NAMCOR and the independent exploration group Custos each hold a 10 percent stake in the field Equinor, and several other oil and gas companies Two oil discoveries offshore of Namibia are likely to bring in an equivalent R53 billion in revenues for the state, a prominent global consultancy group has estimated. Historically overlooked by independent oil companies (IOCs) and considered something of an oil and gas frontier state, Namibia is establishing itself more prominently on the international oil and gas map. announced on Wednesday, 22 February 2023, that a multi-well drilling programme offshore Namibia was due to start before the end of February, targeting up to four wells, including the re-entry of the Venus-1X discovery well, in Block 2913B. Engen Petroleum is a South African oil company focusing on the downstream refined petroleum products market and related businesses. flipper zero dump (WO) - In an operations update, Canadian oil and gas company Reconnaissance Energy Africa Ltd. Our world-class exploration and production database, and oil license blocks form some of the major attractions to Namibia’s hydrocarbon potential. Specifically related to the gas discovery and the associated gas in the oil discoveries, Namibia is set to become energy self-sufficient through gas-to-power facilities, world-class LNG hubs and other small-scale LNG to service the local mines. His clients include some of the oil and gas companies, renewable energy companies, mining companies, construction and infrastructure companies, State-Owned Enterprises, Governments, and corporate entities (Honours) from the University of Namibia and an LLM in Oil, Gas and Mining from Nottingham Trent University in the United Kingdom. NAMPOA was established for the purpose of being a forum for practical co-operation, active lobbing and liaising with the Namibian Government. 1 Aviation Road, Petroleum House Private Bag 13196, Windhoek Global Petroleum Provides Company Update Source: wwwcom 7/16/2024, Location: Africa Namibia oil discoveries are estimated at billions of barrels. A look into the country's Orange Basin discovery. After spending over 30 years helping to lead an oil and gas company that was sold for a reported $3 And for Namibia, a huge, conventional oil play could be "transformational. Namibia's government has completed a corruption investigation into Immanuel Mulunga, the high-profile managing director of state oil company Namcor who was suspended earlier this year, and found. Oil and gas taxation in amibia Deloitte taxation and investment guides 4 5. This investment, confirmed to New Era by a NamPort executive, includes new berths and quay walls, Report summary. Yet, with an established Ministry of Mines and Energy and a growing national oil company, they were ready for the oil to flow. Source: World Oil The latest analysis from Westwood Global Energy Group reveals that despite favourable oil prices in 2022, high impact exploration drilling in 2023 declined by 21%, due to energy transition strategies, industry consolidation, rising well costs and reduced activity in former hotspots. Halliburton has shown a commitment to local content development in the country despite the fact that Namibia's local content. samsung s95b firmware 1305 Jan 11, 2018 · The company believes the block is highly prospective for oil, with decent quality mature oil source rocks and very large oil traps. | Monitor Exploration Ltd (MEL) holds. Eco Atlantic Oil & Gas is currently focused on further defining the Osprey Lead, an 882 million barrel Aptian/Albian source fed oil target within a sand filled channel system, in the cretaceous. Find detailed information on Mining (except Oil and Gas) companies in Luderitz, Namibia, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. Historically overlooked by independent oil companies (IOCs) and considered something of an oil and gas frontier state, Namibia is establishing itself more prominently on the international oil and gas map. Namibia has the potential to ensure these resources are a blessing for its three million people by focusing on economic. ReconAfrica is a Canadian oil and gas company engaged in the exploration and development of oil and gas in Northeast Namibia and Northwest Botswana—the "Kavango Basin ReconAfrica holds a 90% interest in a petroleum exploration licence in northeast Namibia. NAMCOR also delivers at least 50% of the country’s petroleum product requirements. 6 billion barrels It is projected. On the back of major oil and gas discoveries in recent years, Namibia’s upstream oil and gas sector is on the precipice of rapid transformation. The Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir. The plan for the Namibian government, the International Oil Companies, and our partners is to accelerate these discoveries’ development and see the first oil in Namibia. Some 256 service companies participated in introductory sessions at Walvis Bay, Lüderitz, and Oranjemund earlier this year. Company Profile; GIS Portal; Contact; SUB MENU. Texas has the geographic advantage of the Permian Basin with oil fields. Sintana Energy Ranked #1 Energy Company on 2024 TSX Venture 50 List Amid Major Light Oil Discoveries in Namibia's Orange Basin is honored to be named to the TSX Venture (TSXV) 2024 Venture 50TM ranking, highlighting the top-performing… With Namibia's oil and gas market set for a boom, an increasing number of companies are looking to enter the market to explore and expand their production portfolio. Hercules rig (Credit: Odfjell Drilling) Portuguese oil and gas company Galp has encountered a significant column with light oil at an exploration well being drilled offshore Namibia with Odfjell Drilling’s Hercules semi-submersible rig, marking a second such discovery in PEL 83 block in recent months. Source: AP Group. "The basins have been de-risked to the extent. Total owns a 40% working interest, while QatarEnergy, Impact Oil and Gas and Namcor have stakes of 30%, 20% and 10%, respectively. Implementing sustainable practices that mitigate the environmental impact of oil and gas activities demonstrates a commitment to responsible resource development. Since the 1960s Namibia was viewed as a graveyard for oil and gas explorers. Four licences covering eight offshore blocks in Namibia. fantasy 5 lotto california Impact is a frontier exploration company with early-stage, deep water prospective hydrocarbon plays that are of sufficient size to attract Oil Majors as partners ahead of drilling. The legal basis for the Namibian oil and gas licensing regime 3. We have commenced appraisal work on the Graff-1 and Venus-1 discoveries and the initial results have been very encouraging. Namibian and international oil companies. Eco (Atlantic) Oil & Gas Plc. New Safety jobs added daily Company Clear text. The rig arrived at Walvis Bay last Tuesday. Oil & Gas Industry Today. In November 2017, India 's ONGC Videsh Ltd, the overseas investment arm of the country's top explorer, Oil and Natural Gas Corp , acquired a 15% stake in Namibia's offshore Block 2012A (in PEL30) from Tullow Oil. In November 2017, India 's ONGC Videsh Ltd, the overseas investment arm of the country's top explorer, Oil and Natural Gas Corp , acquired a 15% stake in Namibia's offshore Block 2012A (in PEL30) from Tullow Oil. But locals said they were not properly consulted about the drilling, and environmentalists fear an oil boom. These assets are complemented by other competitive assets globally Contact Us E: cons@eanna Paul Gilbert. Oil & Gas 360® c/o EnerCom, Inc. ENI queues up for slice of Namibian oil and gas bonanza. 000% Senior Notes Due 2026 (ISINs / Common Codes: XS1751117604 / 175111760, XS1751189348 / 175118934) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY. Oil and gas taxation in amibia Deloitte taxation and investment guides 4 5. A spate of farm-in agreements over the last six months suggests that. Follow Follow. - Canada's ReconAfrica is a junior oil and gas company engaged in the exploration and development of oil and gas in Northeast Namibia and Northwest Botswana—the "Kavango Basin - ReconAfrica estimates they could extract Possibly 120 billion barrels of oil [2] - ReconAfrica holds a 90%. The Company is engaged in petroleum and natural gas exploration and development activities on five large, highly prospective, onshore and offshore petroleum exploration licenses in Namibia, and in. Additional finds have companies jostling for more acreage in and around the area. Shell is in the early stages of exploring for offshore oil and gas in Petroleum Exploration License 39 (PEL 39) with its JV partners, QatarEnergy (45% participating interest) and NAMCOR, the national oil company of Namibia (10%). , Owen Roberts, Hugo LiddyAbout Impact Oil & Gas +44 1483 750 588+44 20 3757 4980Impact is a UK-based, privately owned, independent exploration company with a strategi.