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TotalEnergies, Qatar Expand Orange Basin Holdings to South Africa 

TotalEnergies and QatarEnergy have longstanding agreements to partner on exploration and production in Namibia, Guyana and Kenya. (QatarEnergy)
TotalEnergies and QatarEnergy have longstanding agreements to partner on exploration and production in Namibia, Guyana and Kenya. (QatarEnergy)
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TotalEnergies, Qatar Expand Orange Basin Holdings to South Africa 

TotalEnergies and QatarEnergy have longstanding agreements to partner on exploration and production in Namibia, Guyana and Kenya. (QatarEnergy)
TotalEnergies and QatarEnergy have longstanding agreements to partner on exploration and production in Namibia, Guyana and Kenya. (QatarEnergy)

TotalEnergies and Qatar's oil company on Wednesday said they would buy a stake in a license to seek oil and gas off South Africa as part of their plans to develop the Orange basin area in neighboring Namibia.

The French company will buy a 33% stake in the license to drill in offshore block 3B/4B, which extends over about 18,000 square kilometers, while state-owned QatarEnergy will hold a 24% stake, the two companies said without disclosing the value of the deal.

The remainder will be controlled by the existing owners of the project Africa Oil, Azinam, which is owned by Canada-listed Eco Atlantic and Ricocure.

TotalEnergies and QatarEnergy have longstanding agreements to partner on exploration and production in Namibia, Guyana and Kenya.

Block 3B/4B is located in South Africa's side of the Orange Basin, just south of big discoveries by Galp, Shell and TotalEnergies' own Venus discovery in neighboring Namibia.

"Following the Venus success in Namibia, TotalEnergies is continuing to progress its Exploration effort in the Orange Basin," said Kevin McLachlan, Senior Vice-President Exploration of TotalEnergies.

Namibia, which has no oil and gas production, has become a global exploration hotspot after deep water discoveries by Shell, TotalEnergies and Galp in recent years.

Eco Atlantic CEO Gil Holzman told Reuters: "TotalEnergies are the best partner one could have, they know the Orange Basin better than anyone else, they have a drilling rig in the area, and they are a great operator with a strong balance sheet."

The Orange Basin is largely unexplored, with dozens of legacy wells drilled in shallow shelf waters along South Africa’s coastline.

"South Africa's side of the Orange Basin resembles those of Namibia, it is highly prospective with at least two prospects in the northern region of the basin potentially containing millions of barrels of oil and associated gas," said Jonathan Salomo, the lead geologist for the West coast at the Petroleum Agency of South Africa.

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GE Vernova Rolls Out First H-Class Gas Turbine in Saudi Arabia

In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova
In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova
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GE Vernova Rolls Out First H-Class Gas Turbine in Saudi Arabia

In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova
In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova

In the presence of Saudi Minister of Energy Prince Abdulaziz bin Salman, GE Vernova Inc. has announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam in an official ceremony held at GESAT.

GESAT, a joint investment with Dussur, is the first facility in Saudi Arabia and the region to manufacture H-Class gas turbines and components.

The first locally completed H-Class unit is set to power the Jafurah Cogeneration Independent Steam and Power Plant (ISPP), which once operational is anticipated to be the most efficient power plant in Saudi Arabia.

By 2030, the entire Jafurah gas field is expected to produce up to 630,000 barrels of natural gas liquids and condensates, as well as over 420 million standard cubic feet (MMSCFD) of ethane per day.

The successful rollout of the locally completed gas turbine at GESAT is a significant milestone in the Kingdom’s energy sector and contributes to Saudi Arabia’s economic diversification and local skills development initiatives, in alignment with Saudi Vision 2030 goals.

The rollout underscores GE Vernova’s commitment to bringing cutting-edge technology products to support both the Kingdom’s energy needs and its sustainability goals.

President of GE Vernova in Saudi Arabia Hisham Al-Bahkali said: “We are incredibly proud of GESAT’s accomplishments in driving industrial localization within the Kingdom’s energy sector in support of Saudi Vision 2030.”

He added: “GESAT strengthens ‘Made in Saudi’ capabilities and, since 2018, has exported 200+ accessory modules for power plants generating more than 11 GW.”

Renowned for their high efficiency and performance, GE Vernova’s H-class gas turbines offer one of the most cost-effective conversions of natural gas to electricity in their class, and support flexible power generation needs across the Middle East.

“The high efficiency and hydrogen readiness of our H-class turbines can support the country’s energy transition, as the turbines can rapidly ramp up or down to support grid stability as more intermittent renewables are integrated into the energy system,” said Joseph Anis, president and CEO of GE Vernova’s Gas Power business in Europe, Middle East and Africa.

To further support the Kingdom’s economic diversification and export capabilities, GE Vernova also signed an MoU with Saudi EXIM that aims at enabling the export of goods and services of GE Vernova from Saudi Arabia through lending and insurance support from Saudi EXIM Bank.

Since inception, GESAT has been set up to deliver technology products for export from the Kingdom, and this MoU aims to further enable export projects. The signing was done by Eng. Saad Alkhalb, CEO of Saudi Exim Bank, and Hisham Al Bahkali, President of GE Vernova for Saudi Arabia.

GE Vernova spun-off from GE and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology helps generate about 25% of the world's electricity and has a meaningful role to play in the energy transition.