Galp

Also known as: Galp Energies · Galp Energia SGPS SA

Galp — major oil operator in Namibia's Orange Basin, recently reshaping offshore asset interests through partnership with TotalEnergies.

2024-08-042026-09-06

What’s been said

Key points drawn from coverage. Tap a point to see the original sentence.

December 2025
18 DecThe Namibian
Galp has yet to outline strategy for managing associated gas in Mopane discovery
Source
“Galp, the operator of the Mopane discovery, has yet to outline its strategy for managing associated gas.”
Gas planning crucialfor offshore success
January 2025
27 JanThe Namibian
Galp completed the Mopane-1A appraisal well in late November 2024
Source
“In Block 2813A (PEL 83), Galp (80%, operator), Namcor (10%), and Custos Energy Ltd (10%) completed the Mopane-1A appraisal well in late November 2024.”
Oil & gas exploration progressing well – Namcor
August 2024
4 AugThe Namibian
Galp has recently announced major discoveries in Orange Basin area
Source
“The discoveries are in an area approximately 290km from Oranjemund, with three companies, TotalEnergies, Shell and the Portuguese firm Galp having recently announced major discoveries.”
Which Town Will Be the Next Aberdeen?

Mining & Energy

Namibia urges global investors to develop oil and gas sector

The News

The Minister of Industries, Mines and Energy, speaking at the Offshore Northern Seas Summit in Norway, urged international investors to explore Namibia's emerging oil and gas opportunities, noting that the country has moved beyond exploration to the development phase with recent discoveries in the Orange Basin including Venus, where partners plan a floating production system with approximately 160,000 barrels per day capacity.

30 August 2026 · Informanté →

Sunday 30 August

Namibia urges global investors to develop oil and gas sector
The Minister of Industries, Mines and Energy, speaking at the Offshore Northern Seas Summit in Norway, urged international investors to explore Namibia's emerging oil and gas opportunities, noting that the country has moved beyond exploration to the development phase with recent discoveries in the Orange Basin including Venus, where partners plan a floating production system with approximately 160,000 barrels per day capacity.
30 August 2026 · Informanté →
Equinor acquires stake in Namibia offshore oil exploration
Norwegian energy major Equinor has acquired a 17.4% participating interest in Petroleum Exploration Licence 90 (PEL 90) offshore Namibia and expressed optimism about the potential for a significant oil discovery in the Orange Basin, with a drill-ready prospect scheduled for testing later this year.
30 August 2026 · Informanté →

Friday 21 August

Namibia must prepare citizens for oil development ahead
Namibia has made significant offshore oil discoveries but has not yet begun commercial production. Before counting potential revenue, the country needs serious national dialogue about resource ownership, development, government revenue, realistic expectations, and preventing an oil boom from becoming a resource curse—but Namibians currently lack sufficient understanding of the industry.
21 August 2026 · Windhoek Observer →

Monday 17 August

Welwitschia Fund reaches $30.85 million market value
The Welwitschia Fund, established in 2022 to convert Namibia's resource wealth into longer-term financial wealth, has recorded a market value of US$30.85 million (N$508.47 million) as of 31 July, with an annualised return of 15.5% since inception. The fund is designed to strengthen Namibia's resilience to economic shocks and promote intergenerational equity, with a companion Sovereign Wealth Fund of Namibia Bill expected to be tabled in Parliament in 2026.
17 August 2026 · Windhoek Observer →

Friday 31 July

IPC demands transparency on Namibia's offshore petroleum deals
The Independent Patriots for Change has called on the government and state-owned Namcor to provide full transparency on Namibia's offshore petroleum developments, particularly regarding Galp's transaction with TotalEnergies, which received regulatory approval in July. The IPC emphasised that Namcor's financial obligations, development exposure, and revenue expectations must be clarified.
31 July 2026 · Windhoek Observer →

Monday 13 July

Young Namibians struggle to secure oil and gas jobs despite training
Young Namibians who obtained internationally recognised offshore training in anticipation of jobs in the emerging oil and gas sector are facing difficulties securing employment, despite the government projecting 4,000 to 12,000 jobs over the next 30 years. One woman spent N$50,000 of her savings on offshore certification in South Africa after President Netumbo Nandi-Ndaitwah encouraged Namibians to prepare for opportunities in the sector, but has yet to secure work in the industry.
13 July 2026 · New Era →

Saturday 18 April

Namibia's oil and gas sector advances toward development phase
Namibia's oil and gas industry has shifted from early-stage exploration toward appraisal and development planning, with major international operators like Shell, TotalEnergies, and Galp positioning the country as an emerging regional energy hub. The sector is projected to contribute up to 5.8% to GDP annually during production, with first oil and gas expected between 2029 and 2030, provided governance and local content policies are strengthened.
18 April 2026 · Informanté →

Friday 17 April

Oil majors confirm drilling but no final investment decisions yet
Despite targeting 2030 for first oil production, Chevron and Rhino Resources announced further drilling projects at Namibia's energy conference but neither committed to final investment decisions. The government hopes for FIDs by 2026, though policy uncertainty around gas flaring and regulatory delays are hindering investment confidence.
17 April 2026 · The Namibian →

Thursday 19 March

Chevron appoints Shapwanale as deputy country manager
Chevron has appointed Mwanyengwa Shapwanale as deputy country manager and local content manager for its Namibia operations. Shapwanale, who previously worked as manager for local content and vendor assurance at Chevron and as deputy country manager at Reconnaissance Energy Namibia, brings more than a decade of experience in journalism and corporate communications.
19 March 2026 · The Namibian →

Monday 16 February

TotalEnergies expands in Namibia with Mopane field stake
French oil giant TotalEnergies has announced a deal with Galp to enter the Mopane field off Lüderitz with a 40% stake, complementing its 35.25% stake in the Venus field. The company plans to develop both fields as part of a multi-FPSO hub, with potential combined oil production of up to 350,000 barrels per day by 2030–2032.
16 February 2026 · The Namibian →

Tuesday 10 February

Energy Minister: TotalEnergies deal broke Namibia's approval requirements
Namibia's Minister of Industries, Mines and Energy expressed concern that TotalEnergies and Galp Energies failed to obtain prior government approval before announcing their acquisition of oil interests in PEL83 (Mopane discovery) and PEL56 (Venus discovery), despite such approval being legally required.
10 February 2026 · Informanté →

Thursday 5 February

Venezuela's ambassador warns Namibia to protect oil interests
Venezuela's ambassador to Namibia has urged the country to learn from Venezuela's political crisis and develop mechanisms to protect its emerging oil and gas sector, cautioning that traditional international law and respect for sovereignty cannot be relied upon. The warning comes as Namibia positions itself as a key oil and gas frontier following major offshore discoveries in the Orange Basin.
5 February 2026 · New Era →

Wednesday 4 February

Chevron sponsors 2026 energy conference as Namibia prepares for first oil
Chevron has renewed its diamond sponsorship of the Namibia International Energy Conference (scheduled for April 2026) as the country prepares for first oil following major offshore discoveries in the Orange Basin. The conference aims to bring together government, energy companies, and investors to discuss Namibia's emerging oil and gas sector, which analysts project could contribute up to 18% of GDP at peak production.
4 February 2026 · The Namibian →

Tuesday 3 February

TotalEnergies and Galp reshape Orange Basin operatorship
TotalEnergies and Galp have announced a partnership reshaping operatorship of key offshore licences in Namibia's Orange Basin, with TotalEnergies taking over PEL 83 (Mopane) and Galp acquiring interests in PEL 56 and PEL 91 (Venus). The companies briefed President Nandi-Ndaitwah on their long-term commitment to developing these discoveries responsibly while creating jobs and economic benefits for Namibians.
3 February 2026 · New Era →

Saturday 31 January

President welcomes Galp-TotalEnergies merger, touts job creation
President Netumbo Nandi-Ndaitwah met with management from Galp and TotalEnergies to discuss their merger and partnership, expressing support and highlighting the partnership's expected employment benefits for Namibian youth. The President emphasised that Namibia has created a conducive business environment for investors operating within the law.
31 January 2026 · Informanté →

Friday 9 January

Oil discoveries position Namibia as African exploration frontier
Recent major offshore oil and gas discoveries in Namibia's Orange Basin since 2022 are attracting global investment and generating optimism across African upstream energy sectors, with additional drilling campaigns and exploration planned for 2026 and beyond to confirm commercial viability and advance development.
9 January 2026 · New Era →