Angolan Mining Oil & Gas

Equinor Acquires 17.4% Stake in Namibia’s Orange Basin Oil Block Norwegian energy company Equinor is entering Namibia’s upstream oil and gas sector after agreeing to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 (PEL 90) from Harmattan Energy Limited, a subsidiary of US energy major Chevron. The transaction marks Equinor’s first entry into Namibia and gives the company exposure to the highly prospective Orange Basin, one of Africa’s most closely watched offshore exploration

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Norwegian Energy Firm Joins Chevron in Namibia’s Orange Basin Oil Exploration Norwegian energy company Equinor has joined Chevron in Namibia’s Orange Basin, adding another major international player to the country’s growing offshore oil and gas exploration sector. Equinor has acquired a 25% interest in Petroleum Exploration Licence 90 (PEL 90) from Chevron subsidiary Chevron Namibia Exploration Ltd, which will remain operator with a 55% stake. Custos Energy holds the remaining 20% interest. The transaction is

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South Africa’s Top Court Blocks Shell Offshore Oil and Gas Exploration South Africa’s Constitutional Court has halted Shell’s offshore oil and gas exploration activities along the country’s Eastern Cape coastline, overturning an earlier ruling that had allowed the company and its partner, Impact Africa, to proceed. The decision follows a legal dispute that has continued for several years over the granting of exploration rights in the offshore area. The court found that affected communities had

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