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TotalEnergies holds a 40% operated interest in the PEL83.

Exploration

As key licenses in Namibia inch towards production goals, major players in the region are trying to secure their positions as significant deepwater operators in the prolific Orange Basin

Having drawn the interests of oil giants like TotalEnergies and Galp, Namibia is on the path to become a happening regional production hub. TotalEnergies and Galp besides, key international partners in the region are accelerating exploration, appraisal and commercial development.

License interests and asset swap

TotalEnergies has concluded the transaction with Galp which initiated in December 2025.

The major has acquired from Galp a 40% operated interest in the PEL83 license, holding the Mopane discovery, while Galp took a 10% participating interest from TotalEnergies in the PEL56 license, holding the Venus discovery and a 9.39% participating interest in the PEL91 license.

Further to the completion of this transaction, TotalEnergies holds a 40% operated interest in the PEL83 license alongside Galp (40%), Namcor (10%) and Custos (10%), a 35.25% operated interest in the PEL56 license, alongside QatarEnergy (35.25%), Galp (10%), Namcor (10%) and Impact (9.5%), as well as a 33.09% operated interest in PEL91 alongside QatarEnergy (33.03%), Namcor (15%), Impact (9.5%) and Galp (9.39%).

Strategic milestones and Mopane appraisal timeline

“We would like to thank the Namibian authorities for their swift approval of this strategic transaction with Galp, our new partner in Namibia. TotalEnergies' entry as operator of the giant Mopane discovery marks a key milestone in our journey to establish a major production hub in Namibia”, said Patrick Pouyanne, chairman and CEO of TotalEnergies. “This transaction positions TotalEnergies as the operator of Namibia's two largest oil discoveries and strengthens its position in the Orange Basin, supporting the long-term value creation from prolific licenses. Exploration opportunities are already lining up beyond the Mopane development, which we will start appraising as early as the second half of 2026 aiming at taking the FID of the project in 2028, after a 3 appraisal well campaign”.

The partners will launch an exploration and appraisal campaign including three wells over the next two years, with a first well planned in 2026, to further derisk resources and progress diligently toward the development of the Mopane discovery.

Concurrently, TotalEnergies, operator of PEL56, remains fully committed to the development of the Venus discovery and is working to secure all conditions enabling a potential final investment decision in 2026.

Industry collaboration and hub vision

"We are very happy to have been selected by Galp as their partner and operator for the prolific PEL83 license, including the Mopane discovery in Namibia. This is a strong recognition of the exploration and deepwater competences of TotalEnergies teams. This transaction demonstrates also the strong confidence of TotalEnergies towards Namibia as a future oil producing country. TotalEnergies will leverage its recognised operatorship track record to progress towards profitable and sustainable developments of both Venus and Mopane discoveries. By enabling the creation of a producing hub in Namibia, we aim to achieve synergies that will create long-term value for both Namibia and the stakeholders," said Pouyanne last year. "We are eager to keep building on our collaboration with the Namibian authorities in order to deliver both developments."

MegaSurveys are 3D seismic datasets synchronised across large contiguous areas. (Image source: TGS)

Geology & Geophysics

Energy data and intelligence provider, TGS, has signed an agreement with the Ministry of Hydrocarbon and Mining Development of the Republic of Equatorial Guinea to create MegaSurvey, a large-scale multi-client seismic product for offshore exploration

Beginning with the post-stack reprocessing of approximately 27,273 kilometers of 2D seismic data and around 35,000 square kilometers of 3D seismic data, the project is set to be completed in Q3 2026.

3D seismic datasets synchronised across large contiguous areas, MegaSurvey eliminates uncertainty by enabling nearly accurate geological interpretation, with clarity in structural and stratigraphic frameworks.

The agreement marks the first phase of a broader plan to create a harmonized and seamless seismic data product across Equatorial Guinea’s offshore basins. The full product vision includes approximately 46,343 line kilometers of 2D seismic data and more than 59,000 square kilometers of 3D seismic data.

David Hajovsky, Executive Vice President, Multi-Client at TGS, commented: “The Equatorial Guinea MegaSurvey is the first of its kind in the country and will apply TGS’s latest imaging technology to address key subsurface challenges and support exploration risk reduction across the Rio del Rey and Rio Muni basins. The product is designed to provide customers with a basin-wide regional screening tool, supporting prospect identification, prospect ranking and planning for future work commitments.”

By integrating and reprocessing legacy datasets into a consistent regional framework, the MegaSurvey will provide new insight into the prospectivity of Equatorial Guinea’s offshore basins and support informed exploration decision-making.

MODEC's mooring system to support Coral Norte.

Technology

MODEC, Inc has announced that it will supply a SOFEC Internal Turret Mooring System for the Coral Norte FLNG project offshore Mozambique, developed by Eni and its partners CNPC, ENH, XRG and KOGAS

The company is collaborating with the Technip Energies JGC joint venture (JV) to support seamless integration, efficient execution and reliable long term performance.

With Final Investment Decision achieved in October 2025, the hull launch completed in January 2026 at Samsung Heavy Industries’ Geoje shipyard in South Korea, and first LNG targeted for 2028, the project is advancing on schedule. MODEC has supported the project since the early stages and is progressing engineering and supply activities in line with the overall timeline, underscoring the company’s contribution to mission‑critical station‑keeping for large‑scale gas developments.

Building on proven performance on the companion Coral Sul FLNG, this engagement reinforces MODEC’s track record in complex offshore station‑keeping. Designed as an enhanced replica of Coral Sul — incorporating lessons learned and optimized for improved efficiency and performance — Coral Norte will add 3.6 MTPA of liquefaction capacity.

The turret mooring system is a mission‑critical element of FLNG performance, enabling safe weathervaning, high uptime, and resilient operations in the metocean conditions of the Rovuma Basin. Drawing on decades of experience across FLNG and FPSO projects worldwide, MODEC is applying advanced engineering, robust risk management, and disciplined execution to deliver the SOFEC® Internal Turret Mooring System for Coral Norte from design through delivery.

“Coral Norte is an important milestone for the industry and for Mozambique, and we are honored to contribute to this landmark FLNG project,” said Arun Duggal, Head of MODEC’s Mooring Solutions Business Unit. “Our team’s performance on Coral Sul set a high bar for safety, reliability, and schedule discipline. This engagement reflects the trust we have built together, and we look forward to delivering a SOFEC® turret mooring system that enables best‑in‑class operability — while continuing to invest in local capability and laying the foundation for future projects in the region.”

A Technip Energies–JGC JV spokesperson commented: “The work delivered by MODEC on Coral Sul established a strong operational baseline and demonstrated clear excellence in engineering and execution. Our partnership on Coral Norte builds on that success and supports our broader commitment to sustainable development in Mozambique.”

TechnipFMC to support Eni's Baleine project offshore Ivory Coast.

Gas

As Eni SpA works to expand production from the Baleine Phase 3 fast track development offshore Ivory Coast, it has signed a significant contract with TechnipFMC to secure its support services

Known as one the largest hydrocarbon discoveries in the region, the fast track development will be supported with a network of flexible flowlines and risers that will be designed and build by TechnipFMC to connect wells in water depths of approximately 1,200 meters to a new floating production unit.

Jonathan Landes, president-subsea for TechnipFMC, said, “This award marks the continued expansion of our collaboration with Eni. We are excited to apply our expertise to provide a robust flexible pipe solution with schedule certainty in support of this fast-track project.”

Previously, TechnipFMC bagged a engineering, procurement, construction, and installation contract offshore Mozambique for the Coral North development in water depths of approximately 2,000 m.

“We are excited to once again work with Eni and their consortium partners in Mozambique. We will leverage our experience gained from the successful delivery of Coral South—the world’s first FLNG project in ultradeep water—by replicating our proven playbook with an enhanced approach,” said Landes. 

The contract will require TechnipFMC to manufacture and install flexible flowlines and risers, alongside subsea manifolds and umbilicals. 

TechnipFMC has secured the contract from the project's operator, Eni, who reached the final investment decision of the Coral North project in October this year, and aims delivery by 2028. 

While Eni is leading the venture with a 50% share, other partners include CNPC (20%), Kogas (10%), ENH (10%) and ADNOC-subsidiary XRG (10%). Eni will be investing on the development of a state-of-the-art floating LNG facility in the Rovuma Basin, where it will be generating gas volumes from the northern part of Area’s 4 Coral gas reservoir. 

The Coral North development follows the success of the Coral South project, which effectively continues to be in production. 

The consistent market launches come from optimised production.

Downstream

In line with Nigeria's strategy to expand reach in export market, the Nigerian National Petroleum Company Limited has globally released its new crude grade – Cawthorne 

With an API gravity of 36.4 that denotes the light and sweet kind, the Cawthorne crude rules global market demand because of its unmatched petrol and diesel yields. Comparable to Bonny Light, Cawthorne crude blend is the latest from Nigeria’s basket of crude grades, building on recent additions such as Nembe and Utapate. 

The consistent market launches come from optimised production, helping Nigeria to solidify its base in the export market with diverse offerings. The Cawthorne Floating Storage and Offloading (FSO) vessel, which is strategically positioned offshore Bonny, Rivers State for enhanced energy security and operational efficiency in easy crude evacuation from OML18, comprised the maiden 950,000 barrels cargo for export. Loaded on an MT Eburones vessel, it headed to the Netherlands, and unto the global market. 

As Nigeria aims to attain crude production of three million barrels per day and gas output to 12 billion cubic feet per day by 2030, the international launch of Cawthorne will unlock value from its asset base and deepen market competitiveness.

“This milestone reflects the direction we have set for NNPC Limited—one anchored on execution, partnership, and value creation. We are moving decisively from resource potential to resource monetisation, ensuring that every asset delivers measurable commercial outcomes.

"The successful export of the Cawthorne crude grade is not an isolated achievement; it is part of a broader, deliberate strategy to grow production, deepen market relevance, and strengthen Nigeria’s position as a reliable global energy supplier. We remain firmly focused on delivering sustainable growth in line with national objectives and global market expectations,” said Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd, as he acknowledged President Bola Ahmed Tinubu’s leadership and OML 18 partners' strong collaboration in achieving the milestone. 

Technological innovation, strategic partnerships, and operational discipline will remain central to NNPC Limited's vision as the organisation works towards value creation from Nigeria's vast hydrocarbons resources.

 

 

Early confirmed speakers at ADIPEC 2026 demonstrate global relevance. (Image source: DMG World Media)

Event News

As the energy sector navigates rising demand, geopolitical uncertainty, infrastructure pressures and rapid technological change, ADIPEC 2026 is set to bring together some of the world's most influential leaders from Africa, Asia, Europe and the Americas, to help shape the future of global energy systems

Held under the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab Emirates, and hosted by ADNOC, ADIPEC 2026 will take place in Abu Dhabi from 2–5 November 2026, convening policymakers, industry executives, technology innovators and investors from around the world.

Among the early confirmed speakers are a number of the energy sector’s most prominent voices, reflecting the diverse breadth of expertise and perspectives that will be represented across this year's programme.

Confirmed leaders include: Proscovia Nabbanja, CEO, Uganda National Oil Company; Wael Sawan, CEO, Shell; Claudio Descalzi, CEO of ENI; Osama Mobarez, Secretary General, EMGF; Olivier Le Peuch, CEO of SLB; Lorenzo Simonelli, Chairman and CEO of Baker Hughes; Horacio Marín, Chairman of the Board and CEO of YPF; Yoshinori Kanehana, Chairman of the Board of Kawasaki Heavy Industries; Dr Angela Wilkinson, Secretary General and CEO of the World Energy Council; Aliko Dangote, President and CEO of Dangote Group; Hunter Hunt, Chairman and CEO of Hunt Energy Holdings; Stuart Bradie, Chair of the Board, President and CEO of KBR; and Professor Haruhiko Ando, CEO of the Japan Cooperation Center for Petroleum and Sustainable Energy.

These leaders will contribute to an expanded Strategic Conference designed around the key challenges and opportunities shaping energy markets today. Featuring more than 380 sessions across 11 specialised programmes, the conference will explore topics including energy security and resilience, market stability, infrastructure delivery, investment, workforce development, industrial competitiveness and the growing role of AI in transforming energy systems.

New programmes for 2026 include Energy Security & Resilience, Policy, Regulation & Governance, Upstream, Clean Power, Molecules & Carbon Management, Grids, Infrastructure & Industrial Execution, and Workforce & Skills. Existing programmes have also been refreshed to better reflect evolving industry priorities, including AI, Digital & Technology and Downstream, Chemicals & Industrial Value Chains.

In parallel, ADIPEC's exhibition will bring together more than 2,250 companies across 17 halls, including 54 national, international, integrated and independent energy companies, alongside 30 country pavilions. New features such as an expanded AI Zone and an enhanced Low Carbon and Chemicals Zone will showcase technologies and solutions supporting the next phase of energy development.

Expected to attract more than 239,000 attendees, 1,800 speakers and 16,500 delegates, ADIPEC 2026 will serve as a global platform for the partnerships, investment decisions and innovations needed to strengthen energy systems and support long-term economic growth. 

Click here to register as an ADIPEC delegate or visitor.