Oil and gas company with Mopane oil discovery in Namibia's Orange Basin, partnering with TotalEnergies on offshore petroleum projects.
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Informanté
Galp Energia will acquire 10% stake in TotalEnergies' Venus project
“In return, Galp will acquire a 10% stake in TotalEnergies' Venus project, one of Namibia's largest offshore oil discoveries.”
Namibia approves TotalEnergies’ Mopane acquisition, strengthens offshore oil ambitionsThe Namibian
Galp Energia announced 10 billion barrels of oil equivalent at Mopane well
“Portuguese energy firm Galp recently announced 10 billion barrels of oil equivalent in place at its Mopane well, while Wood Mackenzie estimates some three billion barrels are recoverable.”
How Namibia Can Leapfrog Africa’s Industrial TrapThe Namibian
Galp Energia is currently the operator of petroleum exploration licence (PEL83)
“Galp Energia is currently the operator of the petroleum exploration licence (PEL) where the Mopane discovery is located (PEL83), but French oil giant TotalEnergies is in the process of completing an agreement through which it will take over as operator of the licence.”
Mopane has 57% more oil than previously estimated, says SintanaThe Namibian
Galp Energia entered operating partnership with TotalEnergies for PEL 83 block
“TotalEnergies acquired its 40% stake in PEL 83 last December, entering an operating partnership with Galp Energia for the block.”
Ministry flags TotalEnergies, Petrobras oil block dealThe Namibian
Galp will enter PEL 56 and PEL 91, home to the Venus discovery
“Galp, in turn, will enter PEL 56 and PEL 91, home to the Venus discovery.”
TotalEnergies hold talks with Nandi-NdaitwahThe Namibian
Galp Energia holds 80% stake in Mopane endeavour
“Namcor's stake in the endeavour is at 10%, with Galp Energia at 80% and Custos Energy also at 10%.”
Oil discovery of Namcor, partners likely at 10b barrelsThe Namibian
Galp Energia reported positive indications of hydrocarbons from exploration well in Orange Basin
“Portugal's Galp Energia, the company that reported positive indications of hydrocarbons from an exploration well in Namibia's Orange Basin, says it has invested more than N$7,2 billion towards upstream projects, including an exploration campaign in Namibia during 2023.”
Galp makes huge investments in Namibia’s oil sectorThe Namibian
Galp Energia invested more than N$7,2 billion towards upstream projects in 2023
“Portugal's Galp Energia, the company that reported positive indications of hydrocarbons from an exploration well in Namibia's Orange Basin, says it has invested more than N$7,2 billion towards upstream projects, including an exploration campaign in Namibia during 2023.”
Galp makes huge investments in Namibia’s oil sectorThe Ministry of Industries, Mines and Energy approved TotalEnergies' acquisition of a 40% interest and operatorship of Galp Energia's Mopane oil discovery in the Orange Basin, while Galp will acquire a 10% stake in TotalEnergies' Venus project. The transaction advances Namibia's offshore petroleum sector and strengthens TotalEnergies' strategic presence in the region.
26 July 2026 · Informanté →
The Ministry of Industries, Mines and Energy approved TotalEnergies' acquisition of a 40% interest and operatorship of Galp Energia's Mopane oil discovery in the Orange Basin, while Galp will acquire a 10% stake in TotalEnergies' Venus project. The transaction advances Namibia's offshore petroleum sector and strengthens TotalEnergies' strategic presence in the region.
26 July 2026 · Informanté →
Namibia's offshore oil and gas sector continues to draw international interest, with a hydrocarbon licence map showing growing exploration activity across coastal basins and frontier areas. Multiple international oil companies hold exploration licences, with newly allocated blocks involving companies such as Baobab Energy, Elephant Oil, and others, while the offshore Orange Basin remains the main focus following recent major oil discoveries.
8 May 2026 · Windhoek Observer →
Recent oil and gas discoveries in the Orange Basin, with an over 80% exploration success rate, position Namibia to avoid reliance on imported fuel and build local refining capacity—a lesson highlighted by recent fuel price shocks tied to Middle Eastern conflicts.
5 May 2026 · The Namibian →
Namibia and Angola signed a power purchase agreement and joint development agreement for the Angola-Namibia Power Transmission Interconnector Project (ANNA), estimated to cost about N$941 million and scheduled for completion in 2029. The 166-kilometre transmission line will link the Kunene substation in Namibia to the Cahama substation in Angola, with an initially projected capacity of up to 500 MW to enhance power system reliability and regional energy trade.
16 April 2026 · New Era →
Canadian energy company Sintana Energy announced that the Mopane complex's oil resources have been upgraded to 1.38 billion barrels of oil equivalent, a 57% increase from the previously estimated 875 million barrels, based on Galp Energia's latest assessment.
2 April 2026 · The Namibian →
Namibia's Ministry of Industries, Mines and Energy has flagged the acquisition by Petrobras and TotalEnergies of a stake in oil block 2613 as unlawful, saying the government was not notified before the transaction was announced and that prior ministerial approval is required by law. Both companies have stated the transaction remains subject to Namibian government approval.
9 February 2026 · The Namibian →
Namibia's newly established Upstream Petroleum Unit will participate in the Namibia International Energy Conference (NIEC) in April 2026 to strengthen investor confidence and signal government commitment to transparent, investment-ready upstream petroleum governance as the country moves toward first oil production.
6 February 2026 · Informanté →
TotalEnergies and Galp Energia met President Netumbo Nandi-Ndaitwah to update her on their December agreement involving offshore petroleum licences, with TotalEnergies taking operatorship of the Mopane discoveries and Galp entering the Venus project. Both companies outlined expected contributions to employment and local industry participation, with Venus development projected to generate N$127–229 billion over 25 years.
3 February 2026 · The Namibian →