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: 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

NAMIBIA: Shell Strikes Oil at Graff-1 Deepwater Wildcat

The National Petroleum Corporation of Namibia (NAMCOR), the Namibian state-owned oil company, and its partners, Shell Namibia Upstream B.V and Qatar Energy, are pleased to announce that the Graff-1 deep-water … Read More

NAMIBIA: Eco Atlantic Reissued With Four Licenses in Walvis Basin for 10 years

Eco Atlantic Oil and Gas has announced the Company has successfully negotiated the reissuance of its four licenses in Namibia’s Walvis Basin for 10 years, which received final Government confirmation on … Read More

Namibia: Eco (Atlantic) Oil & Gas Provides Operationsl Update

Outlook ·    Eco says it continues to benefit from a strategically significant acreage position in-country and is progressing its various work programmes offshore Namibia. The company is witnessing an increased interest … Read More