TotalEnergies Advances Mopane Discoveries in Orange Basin
On Friday, TotalEnergies SE (NYSE:TTE), along with Paula Amorim, Chairman of Galp, disclosed that it will take over operatorship of Petroleum Exploration License 83 in Namibia’s Orange Basin.Meanwhile, Galp will acquire interests in PEL 56 and PEL 91, home to the Venus discovery.DetailsThe Petroleum Exploration License 83 is a high-potential offshore license, which includes the Mopane discoveries.For the Venus project, the companies are progressing toward securing the conditions required for a potential final investment decision in 2026.At Mopane, a three-well exploration and appraisal campaign is planned for 2026 to assess resources further and advance the project toward development.Africa’s Biggest LNG Bet On Thursday, TotalEnergies disclosed the full restart of Mozambique LNG project activities.The project is 40% complete, and the first LNG is expected in 2029, with nearly all engineering and main equipment procurement completed during the Force Majeure period.Why TotalEnergies SE’s Momentum Signals CautionTotalEnergies SE (TTE) is currently showing strong bullish momentum, trading well above its key moving averages. This positioning indicates a solid uptrend, with TotalEnergies ...Full story available on Benzinga.com
