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.



Saudi Arabia Reveals Agenda of 2024 Saudi Green Initiative Forum at UNCCD COP16

Taking place in Riyadh from December 3-4, the forum will convene global leaders, climate experts, senior government officials, and industry CEOs to advance discussions and action on global climate challenges. (COP16 Riyadh on X)
Taking place in Riyadh from December 3-4, the forum will convene global leaders, climate experts, senior government officials, and industry CEOs to advance discussions and action on global climate challenges. (COP16 Riyadh on X)
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Saudi Arabia Reveals Agenda of 2024 Saudi Green Initiative Forum at UNCCD COP16

Taking place in Riyadh from December 3-4, the forum will convene global leaders, climate experts, senior government officials, and industry CEOs to advance discussions and action on global climate challenges. (COP16 Riyadh on X)
Taking place in Riyadh from December 3-4, the forum will convene global leaders, climate experts, senior government officials, and industry CEOs to advance discussions and action on global climate challenges. (COP16 Riyadh on X)

Saudi Arabia revealed on Saturday the program for the fourth edition of the Saudi Green Initiative (SGI) Forum.

Taking place in Riyadh from December 3-4 alongside the 16th session of the United Nations Convention to Combat Desertification (UNCCD COP16), the forum will convene global leaders, climate experts, senior government officials, and industry CEOs to advance discussions and action on global climate challenges under the theme “Action is in Our Nature.”

The 2024 SGI Forum will feature ministerial discussions, keynote addresses, panel discussions, and conversations with prominent leaders.

Speakers include Saudi Minister of Energy Prince Abdulaziz bin Salman Al Saud; President of Senegal Macky Sall; Saudi Minister of State for Foreign Affairs and Climate Envoy Adel Al-Jubeir; 4th President & CEO of Saudi Aramco Amin Nasser; Secretary General & CEO of the World Energy Council Angela Wilkinson; CEO & Chairman of the Board at TotalEnergies Patrick Pouyanné; CEO of Air Liquide François Jackow, and Director General of the IUCN Dr. Grethel Aguilar.

Leading experts from global multilateral and environmental organizations, including the World Bank and the Convention on Wetlands, will also participate, providing diverse perspectives on advancing climate action.

Discussions will center around five key pillars: “Greening Land for Global Good”, “Energy Innovation Driving Emissions Reduction”, “Financing the Green Transition for Sustainable Livelihoods”, “Nature-Based Solutions for Climate and Community Resilience”, and “Biodiversity Protection as a Key to Climate Resilience”.

These pillars reflect the interconnectedness of global climate challenges and Saudi Arabia’s commitment to holistic, collaborative and pragmatic solutions towards a greener future.

In addition to the SGI Forum, the SGI Pavilion, located inside the UNCCD COP16 Green Zone, offers visitors an immersive experience designed to educate and engage.

Visitors are encouraged to journey through five zones that highlight Saudi Arabia’s approach to reducing emissions, growing 10 billion trees, protecting nature, promoting sustainability, and building a sustainable future.

The SGI Pavilion added a Kids Zone, created to inspire Saudi Arabia’s youth to become environmental heroes.

Returning after its successful launch at COP28, SGI Talks will feature international and Saudi climate experts, offering insights and discussions on sustainability trends and innovations. These 30-minute daily sessions will address issues such as renewable energy innovations, sustainable land use, and youth empowerment in climate action.