88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF), a prominent player in the oil and gas sector, has officially announced its successful Working Interest (WI) Transfer from Monitor Exploration Limited (Monitor) for Petroleum Exploration Licence 93 (PEL 93), located in the Owambo Basin, Republic of Namibia, following the approval of the Ministry of Mines and Energy. This […]
Venus oil discovery : French energy giant TotalEnergies (formerly Total) has pulled off a light oil discovery in block 2913B, Petroleum Exploration Licence 56 (PEL56) in the Orange Basin, offshore Namibia through the drilling of the Venus 1-X exploration well. The Venus oil discovery with associated gas was made when the well encountered approximately 84m […]
Qatar Petroleum has agreed to acquire a 45% stake in two exploration blocks in Namibian waters – Block 2913A and Block 2914B in PEL 39 from Royal Dutch Shell. The financial terms of the deal were not disclosed. Shell will continue to be the operator of the blocks with a stake of 45%. The remaining […]