TotalEnergies to become operator in Galp's Namibian offshore permit

Core Insights - TotalEnergies has acquired a 40% stake in Galp's Mopane offshore permit located in Namibia's Orange Basin, and will take over as the operator of the project [1] Company Summary - TotalEnergies is a French oil major that is expanding its operations in Namibia by acquiring a significant stake in an offshore permit [1] - Galp, a Portuguese firm, is divesting its stake in the Mopane offshore permit to TotalEnergies [1] Industry Summary - The deal highlights the ongoing interest and investment in offshore oil exploration in Namibia's Orange Basin, which is becoming a focal point for major oil companies [1]