Namibia Is Gearing Up for a Major Oil Boom

Namibia’s nascent oil industry is going from strength to strength following several discoveries that have provided great enthusiasm around the future of Namibian oil. The recent success of the industry is somewhat surprising considering the failed exploration projects of previous decades. Based on several new finds, energy experts believe that Namibia could quickly become as big as Guyana in terms of its crude reserves, which has gained it huge interest from local and international oil companies.

Suriname’s Resource Boom is Back on Track With First Oil Targeted for 2028

Suriname aims to replicate Guyana’s oil success but faces challenges due to delays, commercial concerns, and global climate change efforts.
TotalEnergies and APA plan to make the final investment decision on the Block 58 project by the end of 2024, targeting first oil in 2028.
Suriname’s oil boom could transform the country’s economic fortunes, ending its protracted crisis and lifting it out of poverty.

Offshore Oil & Gas E&P Staging A Comeback

Offshore Namibia, the success rate in offshore discoveries has been phenomenal so far.
This week, TotalEnergies and QatarEnergy said they were expanding their efforts to explore for oil and gas in the Orange Basin offshore Namibia.
In Uruguay, Brazil’s neighbor to the south, a subsidiary of Chevron entered in a deal this week to buy 60% and assume operatorship of an offshore exploration block.

Oil & Gas Majors Eye Brazil’s Pre-Salt Region for Floating Wind

Brazilian oil and gas major Petrobras – together with partners Shell Brasil, TotalEnergies, China’s CNPC and CNOOC, and the Federal University of Rio Grande do Sul (UFRGS) – has kicked off a series of wind measurements in Brazil’s pre-salt region to collect data for potential offshore wind projects in Búzios and Mero fields.