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Panoro Energy seeks new Equatorial assets after buying Kosmos stake
Reuters· 2026-02-27 10:52
Group 1 - Panoro Energy aims to triple its total oil production to over 30,000 barrels per day by 2030 [1] - The company has become the largest shareholder in Equatorial Guinea's offshore Block G after acquiring an additional 40.3% interest from Kosmos Energy [1] - Panoro plans to participate in Equatorial Guinea's upcoming oil and gas auction in April, seeking new assets with exciting potential [1] Group 2 - The company is focused on fast-tracking the development of its EG-23 block, which is near the Alba oil and gas complex [1] - In Gabon, Panoro and its partners will drill four production wells at the Mabomo platform in the offshore Dussafu Marin permit this year [1] - A decision on the development plan and final investment for the Bourdon discovery in Dussafu is expected later this year [1]
TotalEnergies to become operator in Galp's Namibian offshore permit
Reuters· 2025-12-09 09:35
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]