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TotalEnergies and Galp have high hopes from Namibia's production generation capacity.

Exploration

Ahead of major exploration activities offshore Namibia following asset swaps in the region between TotalEnergies and Galp, the oil giants pledged long-term commitment to the country during a recent meeting with the President Netumbo Nandi-Ndaitwah

With TotalEnergies acquiring operatorship of Petroleum Exploration License (PEL) 83 while Galp stepping into PEL 56 and PEL 91, the partners have expressed high hopes from Namibia's production generation capacity. This confidence builds on past results from the licenses, namely the Mopane and Venus discoveries, which brought the Orange Basin international-scale success.

The meeting comes in the wake of a potential final investment decision for Venus project and an exploration and appraisal campaign of three wells in the Mopane region. While expressing their readiness to advance local employment and skills development, the partners also sought continued regulatory support for the efficient execution of upcoming project phases. 

“Our partnership with Galp marks an important milestone as Namibia prepares to become an important energy‑producing nation. Together, we are committed to developing the country’s deepwater potential responsibly and efficiently, while building long‑term value for Namibia and other stakeholders. By aligning our strengths across both Venus and Mopane, we are laying the foundation for a new energy hub in the region—one that combines operational excellence, local development and shared prosperity,” said Patrick Pouyanne, chairman and CEO of TotalEnergies, who already have in place a well-defined development concept for the Venus exploration.

With Galp keen on research work before initiating the development of Mopane, the company's chairman, Paula Amorim, said, “Solid partnerships are a core pillar of Galp’s growth strategy. The Mopane discoveries represent a transformational opportunity and partnering with a global footprint deep‑water leader like TotalEnergies ensures these resources can be developed efficiently and sustainably for the benefit of Namibia and all stakeholders. Our commitment to Namibia has never been stronger. We are confident that this geography will emerge as a relevant future global energy ecosystem.”

The 3D survey is set to start in December 2025.

Geology & Geophysics

Shearwater Geoservices has partnered with Harvex Geosolutions and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to begin fresh multi-client seismic project offshore Nigeria

Supported by strong industry funding, the 3D survey is set to start in December 2025. Shearwater is gearing up to deploy its high-end vessel SW Duchess for the project, whereby it will be operational over a period of two months. It will heavily support survey work for extracting high-resolution subsurface data across the Western Niger Delta Basin which, in turn, will influence significant exploration decisions and future license rounds in one of West Africa’s most prospective oil and gas regions.

“This project underscores the growing momentum of our multi-client business and our key role in supporting exploration across key global basins,” said Irene Waage Basili, CEO of Shearwater. “By investing in high-quality seismic data, where we can both capture rapid returns and create longer-term value, we are enabling smarter decisions and helping to shape the future of energy security in West Africa and beyond.” 

Previously, Shearwater also announced service contract offshore Ghana, carrying out the region's first deepwater Ocean Bottom Node (OBN) seismic survey in the Jubilee and TEN fields. This contract was a result of the company's already well-established presence in West African regions, including the deployment of the SW Tasman vessel and Pearl node OBN platform. Since late 2024, these platforms have been instrumental in conducting OBN surveys across the region, starting with Côte d'Ivoire, and continuing with surveys in Angola.

The mooring system for the FSO is currently being installed.

Technology

The three-well drilling campaign by Rex International Holding Limited in the Seme Field, Benin, goes on as the floating storage & offloading (FSO) unit has arrived and is at the anchorage

The mooring system is currently being installed and will be hooked up with a flowline to the mobile offshore production unit (MOPU). Before the MOPU arrives this month, the team is working on remedial actions to address certain technical issues that the campaign had been facing. While this may lead to some delays, production start-up is being targeted by December end.

Akrake Petroleum Benin SA holds a 76% interest in the Seme Field in Block 1, Benin, and is the operator. It is a wholly-owned subsidiary of Lime Petroleum Holding AS, an 89.74 per cent subsidiary of Rex. 

The campaign involves a 100-day three-well work-programme to redevelop the Seme Field. This will see the drilling of  two horizontal production wells in the H6 formation (previously developed), as well as a deeper vertical appraisal well to gather data from the H7 and H8 reservoirs, to facilitate the potential advancement to Phase 2 of the development.

The production start-up and optimisation in the Seme Field will be backed by additional data on the subsurface alongside the existing 3D seismic that has been reprocessed by the team. 

The project will involve Mozambican companies in contracts surpassing US$4bn. (Image source: TotalEnergies)

Gas

Mozambique LNG is set to generate first liquefied natural gas in 2029 as project activities have resumed after a prolonged force majeure was lifted from the site

As main equipment were largely engineered and procured during the inactive period, the project is now progressing at a promising pace with construction activities on at both offshore and onshore sites at Afungi.

With more than 3000 Mozambican nationals already working on the ground, the project will potentially generate an additional 7,000 direct jobs. It will also involve Mozambican companies in contracts surpassing US$4bn

Expected to make a big difference for the country's economic welfare, the resumption of activities was made official by a meeting between Daniel Chapo, President of the Republic of Mozambique, and Patrick Pouyanne, chairman and chief executive officer of TotalEnergies

Speaking on the benefits of the ambitious local content plan, Chapo said, “The resumption of the project represents a significant milestone for the national economy and reaffirms the confidence of international partners in Mozambique’s energy, institutional and human potential. It will have a direct and significant impact on job creation, both in construction phase and in the operational phase, stimulating the national labour market and promoting the capacity-building of Mozambican manpower. At the same time, it consolidates Mozambique’s positioning as a regional energy hub and reaffirms the country as a credible and relevant actor in the global liquefied natural gas market, strengthening its geostrategic position and its role in global energy security.” 

The significance of the Mozambique LNG project for TotalEnergies stands clear from the major's deep association with local content development in the region. Acknowledging the resumption as a major milestone for the company and expressing gratitude towards the President in making this happen, Pouyanne said, “We are now working together to make this project a great success for the people of Mozambique...This landmark project will position Mozambique as a major LNG exporter. With its strong local content, it will also bring lasting economic benefits to Mozambican people.” 

 

 

 

 

 

Vitol Bahrain EC has a long-standing presence in Uganda's downstream sector.

Downstream

As the Uganda National Oil Company aims to build a crude refinery, it has reached out to a unit of global commodities trader, Vitol, for a US$2bn loan to support the project alongside construction and infrastructure developments

According to Henry Musasizi, Uganda's junior finance minister, this seven-year tenor loan from Vitol Bahrain EC (VBA) comes with an interest rate of 4.92%. The minister worked on advancing the approval process for the credit line and the loan, which involved significant lawmakers, who sanctioned the development with a majority verdict.

Musasizi said that Vitol's support "presents an opportunity to access non-traditional financing to implement. ..projects and support the government in developing national infrastructure."  

Vitol Bahrain EC has a long-standing presence in Uganda's downstream sector, functioning as the sole supplier of refined petroleum products to UNOC, before the state-owned company sells it to retailers across the country.

Alongside the refinery, the loan amount will also be covering road construction, a petroleum products storage terminal and extension of a petroleum pipeline from western Kenya to Uganda's capital Kampala.

Previously, the UNOC also concluded a deal with the UAE-based Alpha MBM Investments, whereby a domestic refinery with a capacity of 60,000 barrels per day is in the pipeline. The agreement accords 60% stake on the refinery to the UAE firm while UNOC retains 40%.

Uganda is looking to begin commercial oil generation starting next year from fields in its west.

The theme for ADIPEC 2025, "Energy. Intelligence. Impact." (Image source: dmg events)

Event News

ADIPEC 2025 will take place in Abu Dhabi, UAE, from 3-6 November 2025, with an expanded conference and exhibition programme aimed at addressing the challenges facing the global energy sector

The event will focus on two critical imperatives: building resilience in the energy system and scaling transformative solutions to accelerate global progress.

The theme for ADIPEC 2025, "Energy. Intelligence. Impact.", underscores the need for secure energy to drive inclusive growth, the intelligence to navigate the complexities of today's energy landscape, and the impact that translates vision into tangible progress for markets, people, and the planet. Over the course of four days, the event will explore four key themes, from new energy technologies and geopolitics to digital transformation and building a resilient, future-ready energy system.

This year, the ADIPEC conferences have been streamlined into two comprehensive programmes: the Strategic Conference and the Technical Conference. The event will feature over 380 sessions, with more than 1,800 speakers, including ministers, CEOs, academics, industry experts, and youth leaders. The aim is to turn dialogue into action by showcasing solutions and catalysing collaborations that drive real, measurable impact across the energy sector. The platform will promote intelligent choices, focusing on leveraging all viable energy sources and technologies to build sustainable systems that can deliver energy to more people, at lower cost, and with reduced carbon emissions.

The ADIPEC 2025 Exhibition will span 17 halls and host more than 2,250 exhibitors from across the global energy ecosystem, including 54 National Oil Companies (NOCs), International Oil Companies (IOCs), National Energy Companies (NECs), and International Energy Companies (IECs). It will also feature 30 dedicated country pavilions and four specialised industry zones focused on decarbonisation, digitalisation, maritime and logistics, and artificial intelligence.

ADIPEC 2025 is expected to attract more than 205,000 attendees from around the world, creating unique opportunities for collaboration, innovation, and progress within the energy sector.