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BP bets Namibia is the next hot spot for oil

GasBuddy Blog -- On the southwest coast of Africa, Namibia, a stable democracy, has stood mysteriously quiet over the past 50 years when it comes to activity connected with oil exploration. Africa's west coast has seen oil exploration reward Cameroon, Ghana, Ivory Coast, and Mauritania, not to mention OPEC's Nigeria, and Angola, but for years Namibia has merely watched. That's because no oil has been found there.

All that could change very soon. Business Week and Bloomberg are reporting that BP last month became the largest shareholder in a parcel covering Namibia's Nimrod offshore oil prospects, which may yield the third largest discovery of oil this year, according to Morgan Stanley.

Robert "Bob" Dudley, chief executive officer of...

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Submitted Apr 06, 2012 By: PD

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99dakota Champion Author Providence Posts:8,092 Points:2,169,000 Joined:Oct 2006	Message Posted: Nov 28, 2012 5:17:49 AM Ignore 99dakota Report Abuse Keep drilling!
bridgerunner Champion Author Virginia Posts:4,767 Points:1,002,835 Joined:Jul 2009	Message Posted: Nov 26, 2012 6:24:09 PM Ignore bridgerunner Report Abuse It would be nice for them if oil were found.
allnighter Rookie Author Atlanta Posts:30 Points:179,965 Joined:Sep 2012	Message Posted: Nov 26, 2012 5:48:41 PM Ignore allnighter Report Abuse BP is a bunch of crooks. They ALWAYS have the highest prices here in the Atlanta area...by at least $.15 usually more.
Gas4Gore Champion Author Detroit Posts:2,401 Points:419,875 Joined:Jan 2010	Message Posted: Oct 25, 2012 11:33:53 PM Ignore Gas4Gore Report Abuse Way to go Namibia.
dockersbin Veteran Author Virginia Beach Posts:407 Points:258,885 Joined:May 2006	Message Posted: Oct 25, 2012 4:59:46 PM Ignore dockersbin Report Abuse Alright
Donatelo Champion Author Dayton Posts:1,115 Points:290,865 Joined:Apr 2011	Message Posted: Oct 23, 2012 8:59:09 PM Ignore Donatelo Report Abuse ok
six_ball_man Champion Author Rochester Posts:8,522 Points:1,388,115 Joined:Oct 2007	Message Posted: Oct 23, 2012 3:14:03 PM Ignore six_ball_man Report Abuse I bet they wouldn't have to try too hard to buy THAT government
no_monkey2002 Champion Author Tallahassee Posts:8,400 Points:2,067,175 Joined:Mar 2006	Message Posted: Oct 23, 2012 7:20:03 AM Ignore no_monkey2002 Report Abuse drill baby drill
Donatelo Champion Author Dayton Posts:1,115 Points:290,865 Joined:Apr 2011	Message Posted: Apr 30, 2012 1:11:43 PM Ignore Donatelo Report Abuse k
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Apr 30, 2012 8:38:18 AM Ignore albert2008 Report Abuse sounds good
rickfro All-Star Author San Diego Posts:678 Points:327,520 Joined:Nov 2008	Message Posted: Apr 29, 2012 7:11:57 PM Ignore rickfro Report Abuse We need alternatives to oil.
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Apr 29, 2012 9:16:27 AM Ignore albert2008 Report Abuse time will tell
no_monkey2002 Champion Author Tallahassee Posts:8,400 Points:2,067,175 Joined:Mar 2006	Message Posted: Apr 29, 2012 8:23:03 AM Ignore no_monkey2002 Report Abuse who knows
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Apr 13, 2012 9:11:01 AM Ignore albert2008 Report Abuse old news
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Apr 13, 2012 5:58:30 AM Ignore honda0105 Report Abuse kar: wise words.
KAR120CSII Champion Author Oregon Posts:3,167 Points:617,895 Joined:Apr 2010	Message Posted: Apr 12, 2012 7:59:18 PM Ignore KAR120CSII Report Abuse Oil corrupts and brings out the worse in companies and nations.
thinkaboutit Champion Author Colorado Posts:1,069 Points:75,710 Joined:Jul 2005	Message Posted: Apr 12, 2012 12:41:52 PM Ignore thinkaboutit Report Abuse Many on this blog equate 24% with 100%!
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Apr 12, 2012 9:04:11 AM Ignore albert2008 Report Abuse time will tell
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Apr 12, 2012 6:00:44 AM Ignore honda0105 Report Abuse hopefully it won't be turning into as corrupt a country as most other nations in the area.
nannieb43 Rookie Author Georgia Posts:24 Points:93,985 Joined:Feb 2012	Message Posted: Apr 11, 2012 8:47:24 AM Ignore nannieb43 Report Abuse Both good and bad. Time will tell
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Apr 11, 2012 5:58:53 AM Ignore honda0105 Report Abuse more pollution. Hope Namibia knows what they are getting themselves in with the Big Pretender. If not, ask the Gulf states in the US.
Donatelo Champion Author Dayton Posts:1,115 Points:290,865 Joined:Apr 2011	Message Posted: Apr 10, 2012 10:37:01 AM Ignore Donatelo Report Abuse k
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Apr 10, 2012 8:04:52 AM Ignore albert2008 Report Abuse sounds good
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Apr 10, 2012 6:06:52 AM Ignore honda0105 Report Abuse as for lower prices, not going to happen. The Pig Oil mafia controls that rather well.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Apr 10, 2012 6:06:16 AM Ignore honda0105 Report Abuse Kar: you said it best.
KAR120CSII Champion Author Oregon Posts:3,167 Points:617,895 Joined:Apr 2010	Message Posted: Apr 9, 2012 3:40:52 PM Ignore KAR120CSII Report Abuse Poor Namibia -- the citizens will never see anything positive from this.
niceguytx Champion Author Houston Posts:13,680 Points:2,709,735 Joined:Sep 2005	Message Posted: Apr 9, 2012 9:41:33 AM Ignore niceguytx Report Abuse I hope thereis enough to lower prices.
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Apr 9, 2012 8:50:39 AM Ignore albert2008 Report Abuse good luck
Blue48 Champion Author Illinois Posts:7,290 Points:1,634,920 Joined:Feb 2007	Message Posted: Apr 8, 2012 9:49:13 PM Ignore Blue48 Report Abuse LET ALL OF NAMIBIA HOPE BP DOESN'T CREATE A DISASTER!
Edpap Champion Author Pennsylvania Posts:4,304 Points:502,925 Joined:Oct 2011	Message Posted: Apr 8, 2012 9:44:47 PM Ignore Edpap Report Abuse I hope BP has replaced their management team.
indyjim Champion Author Indianapolis Posts:10,071 Points:2,315,430 Joined:Jul 2006	Message Posted: Apr 8, 2012 4:37:05 PM Ignore indyjim Report Abuse Good for BP, bad for the Nimrods.
tomok Champion Author Portland Posts:32,917 Points:2,341,510 Joined:Aug 2006	Message Posted: Apr 8, 2012 3:16:16 PM Ignore tomok Report Abuse BP bets Namibia is the next hot spot for oil? Once the oil fields are developed and producing watch for unrest in the country. You have to treat your citizens right (share the wealth) or rebels will try to take over the country. There is oil all over the world, find it , get it out of the ground and to market. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible. The price of fuel at the pump is too high! 12/22/2012!
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Apr 8, 2012 2:46:49 PM Ignore melvindale Report Abuse The Nimrod Region does sound like a place for BP.
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Apr 8, 2012 2:44:41 PM Ignore melvindale Report Abuse Namibia is too beautiful a place to ruin with oil drills and oil pumps. It is home to world's second largest canyon, the Fish River Canyon. A unique plant is the Quiver tree. Scientific name is Aloe dichotoma, the largest of the aloe plants. It is also called Köcherbaum, as this used to be a Dutch Colony. Really, Africa as a whole should not be a dumping ground.
mageetp Champion Author British Columbia Posts:3,190 Points:622,630 Joined:Aug 2011	Message Posted: Apr 8, 2012 12:30:49 PM Ignore mageetp Report Abuse repeat.
MikLamb Champion Author Texas Posts:7,965 Points:2,171,120 Joined:Jun 2006	Message Posted: Apr 8, 2012 12:25:11 PM Ignore MikLamb Report Abuse Uh oh, BP and offshore drilling?
Indy1 All-Star Author Quad Cities Posts:877 Points:800,725 Joined:Apr 2008	Message Posted: Apr 8, 2012 12:23:34 PM Ignore Indy1 Report Abuse Repeat, must be a really slow news day. Happy Easter - Jesus is alive!
njerald Champion Author Seattle Posts:7,809 Points:1,620,050 Joined:Oct 2007	Message Posted: Apr 8, 2012 12:23:33 PM Ignore njerald Report Abuse Drill everywhere, now.....
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: Apr 8, 2012 12:20:16 PM Ignore jessek Report Abuse Everywhere else but the USA.
esorsd Champion Author St. Louis Posts:5,718 Points:1,634,740 Joined:May 2005	Message Posted: Apr 8, 2012 12:18:53 PM Ignore esorsd Report Abuse Read this yesterday
greenfog Champion Author Illinois Posts:6,470 Points:1,635,120 Joined:Feb 2008	Message Posted: Apr 8, 2012 12:15:56 PM Ignore greenfog Report Abuse more oil for speculators to screw us with.
HawaiianGuy Champion Author Idaho Posts:9,508 Points:3,075,700 Joined:May 2003	Message Posted: Apr 8, 2012 12:15:53 PM Ignore HawaiianGuy Report Abuse BP would be well-advised to pay particular attention to it's blowout preventers there.
IMLURCH Champion Author Minnesota Posts:2,164 Points:1,099,180 Joined:Mar 2009	Message Posted: Apr 8, 2012 12:15:38 PM Ignore IMLURCH Report Abuse Old News
fullauto Champion Author Reading Posts:5,300 Points:1,468,065 Joined:Apr 2008	Message Posted: Apr 8, 2012 12:12:38 PM Ignore fullauto Report Abuse old
jindodog Veteran Author Missouri Posts:430 Points:98,075 Joined:Jan 2012	Message Posted: Apr 8, 2012 12:11:01 PM Ignore jindodog Report Abuse Why do these same stories appear day after day?
regasaz Champion Author Phoenix Posts:5,775 Points:1,279,380 Joined:Dec 2006	Message Posted: Apr 8, 2012 12:10:45 PM Ignore regasaz Report Abuse Time to move on.......... this is the 3rd day for this same story.
Dennisjk Champion Author Detroit Posts:6,466 Points:1,921,450 Joined:Apr 2006	Message Posted: Apr 8, 2012 12:10:32 PM Ignore Dennisjk Report Abuse I agree. I've seen this before.
bbreff Champion Author Atlanta Posts:9,828 Points:2,564,415 Joined:Jun 2005	Message Posted: Apr 8, 2012 12:08:39 PM Ignore bbreff Report Abuse This story has been posted time and time again for over a week.
firefly09 Champion Author San Diego Posts:2,483 Points:713,695 Joined:Mar 2009	Message Posted: Apr 8, 2012 12:08:34 PM Ignore firefly09 Report Abuse So what is new? This has been talked about before.
jimbo1867 Champion Author Arizona Posts:5,357 Points:2,051,525 Joined:Apr 2005	Message Posted: Apr 8, 2012 12:08:26 PM Ignore jimbo1867 Report Abuse uhuh uhuh uhuh