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2nd Farm-in for Namibia Offshore Licence
Australia-listed Pancontinental Oil & Gas, which has a 30% interest in exploration licence PEL 37 offshore northern Namibia, has brought in a partner to co-own that interest &n…
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Namibia Pushes Chariot to Steep Loss
Atlantic margin explorer UK-listed Chariot Oil & Gas reported a first-half loss that was ten times bigger than last year's, thanks to a $51.3mn impairment reported September…
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Chariot Scales Back Namibia Exposure
UK-based explorer Chariot is relinquishing certain interests offshore Namibia but retaining others. The London AIM-listed firm said August 29 it has “elected not to enter…
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Indian OVL Buys Stake Offshore Namibia
Indian ONGC Videsh (OVL), the overseas arm of state owned energy company ONGC, has entered the Namibian offshore by signing an agreement with Tullow to acquire 30% participating…
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Chariot Books 2016 Loss, But Advances Strategy
UK-based explorer Chariot Oil & Gas reported March 15 a net loss after tax of $5.64mn in 2016, only slightly down on its 2015 loss of $7.1mn, but said it built a solid…
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BW Offshore Farms into Namibia's Kudu
In a surprise move, Singapore-based BW Offshore, a leading floating production shipbuilder and operator, has agreed to farm into the Kudu gasfield offshore Namibia as its…
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UK Explorers Provide Morocco Updates
UK-based Chariot Oil & Gas and Sound Energy have provided updates on Moroccan exploration, with Chariot admitting it has still yet to secure approval for Eni to take over as…
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Namibia Whets Lundin Family's Interest
Amid global cuts in exploration spending, Toronto-listed Africa Energy Corp (AEC) has acquired a 10% interest in Namibian licence PEL 37, marking the firm's entry into the country&…
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Tullow Hesitates over Namibia Block
UK independent Tullow Oil has been granted one more week to decide whether or not it will pull out of the Namibian offshore PEL 0037 exploration licence, according…
