Hanwha Ocean is competing with SBM Offshore for the Venus FPSO in Namibia, while a possible delay in TotalEnergies’ final investment decision could push back the contract award.
TotalEnergies has completed its transaction with Galp to take a 40% operated interest in Namibia’s PEL83, while Galp has acquired interests in PEL56 and PEL91.
Northern Ocean expects Deepsea Mira to remain idle into Q1 2027 after several 2026 opportunities did not materialise and other drilling programmes were delayed.
Hanwha Ocean has reached the final bidding stage with SBM Offshore for the $3 billion Venus FPSO project in Namibia and secured approvals for its low-carbon standard FPSO design system.
Shell has lost the latest stage of its South Africa offshore exploration dispute after the Constitutional Court ruled that the Wild Coast exploration right should be set aside.
COSCO SHIPPING Specialized Carriers deployed DA XIANG, DA XIN and DA AN to transport 17 Zhenhua RTGs from Nantong, China, to Walvis Bay, Namibia.
Rhino Resources confirmed that Capricornus-1A encountered an oil-bearing reservoir connected to Capricornus-1X, adding appraisal data for PEL 85 offshore Namibia.
Tower Resources has secured Namibian government approval for the PEL96 farm-out to Prime Global Energies, clearing the final condition for completion.
Bloomberg reports that Namibia has introduced a draft amendment to the Petroleum Act that would reassign several petroleum oversight responsibilities from the energy ministry to the presidency while offshore discovery negotiations continue with TotalEnergies.
