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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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REPLIES (newest first) Post a Reply
99dakota
Champion Author Providence

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Message Posted: Nov 28, 2012 5:17:49 AM

Keep drilling!
bridgerunner
Champion Author Virginia

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Message Posted: Nov 26, 2012 6:24:09 PM

It would be nice for them if oil were found.
allnighter
Rookie Author Atlanta

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Message Posted: Nov 26, 2012 5:48:41 PM

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

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Message Posted: Oct 25, 2012 11:33:53 PM

Way to go Namibia.
dockersbin
Veteran Author North Carolina

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Message Posted: Oct 25, 2012 4:59:46 PM

Alright
Donatelo
Champion Author Dayton

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Message Posted: Oct 23, 2012 8:59:09 PM

ok
six_ball_man
Champion Author Rochester

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Message Posted: Oct 23, 2012 3:14:03 PM


I bet they wouldn't have to try too hard to buy THAT government
no_monkey2002
Champion Author Tallahassee

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Message Posted: Oct 23, 2012 7:20:03 AM

drill baby drill
Donatelo
Champion Author Dayton

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Message Posted: Apr 30, 2012 1:11:43 PM

k
albert2008
Champion Author Winnipeg

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Message Posted: Apr 30, 2012 8:38:18 AM

sounds good
rickfro
All-Star Author San Diego

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Message Posted: Apr 29, 2012 7:11:57 PM

We need alternatives to oil.
albert2008
Champion Author Winnipeg

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Message Posted: Apr 29, 2012 9:16:27 AM

time will tell
no_monkey2002
Champion Author Tallahassee

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Message Posted: Apr 29, 2012 8:23:03 AM

who knows
albert2008
Champion Author Winnipeg

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Message Posted: Apr 13, 2012 9:11:01 AM

old news
honda0105
Champion Author Tallahassee

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Message Posted: Apr 13, 2012 5:58:30 AM

kar: wise words.
KAR120CSII
Champion Author Oregon

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Message Posted: Apr 12, 2012 7:59:18 PM

Oil corrupts and brings out the worse in companies and nations.
thinkaboutit
Champion Author Colorado

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Message Posted: Apr 12, 2012 12:41:52 PM

Many on this blog equate 24% with 100%!
albert2008
Champion Author Winnipeg

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Message Posted: Apr 12, 2012 9:04:11 AM

time will tell
honda0105
Champion Author Tallahassee

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Message Posted: Apr 12, 2012 6:00:44 AM

hopefully it won't be turning into as corrupt a country as most other nations in the area.
nannieb43
Rookie Author Georgia

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Message Posted: Apr 11, 2012 8:47:24 AM

Both good and bad. Time will tell
honda0105
Champion Author Tallahassee

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Message Posted: Apr 11, 2012 5:58:53 AM

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

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Message Posted: Apr 10, 2012 10:37:01 AM

k
albert2008
Champion Author Winnipeg

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Message Posted: Apr 10, 2012 8:04:52 AM

sounds good
honda0105
Champion Author Tallahassee

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Message Posted: Apr 10, 2012 6:06:52 AM

as for lower prices, not going to happen. The Pig Oil mafia controls that rather well.
honda0105
Champion Author Tallahassee

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Message Posted: Apr 10, 2012 6:06:16 AM

Kar: you said it best.
KAR120CSII
Champion Author Oregon

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Message Posted: Apr 9, 2012 3:40:52 PM

Poor Namibia -- the citizens will never see anything positive from this.
niceguytx
Champion Author Houston

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Message Posted: Apr 9, 2012 9:41:33 AM

I hope thereis enough to lower prices.
albert2008
Champion Author Winnipeg

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Message Posted: Apr 9, 2012 8:50:39 AM

good luck
Blue48
Champion Author Illinois

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Message Posted: Apr 8, 2012 9:49:13 PM

LET ALL OF NAMIBIA HOPE BP DOESN'T CREATE A DISASTER!
Edpap
Champion Author Pennsylvania

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Message Posted: Apr 8, 2012 9:44:47 PM

I hope BP has replaced their management team.
indyjim
Champion Author Indianapolis

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Message Posted: Apr 8, 2012 4:37:05 PM

Good for BP, bad for the Nimrods.
tomok
Champion Author Portland

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Message Posted: Apr 8, 2012 3:16:16 PM

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

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Message Posted: Apr 8, 2012 2:46:49 PM

The Nimrod Region does sound like a place for BP.
melvindale
Champion Author Michigan

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Message Posted: Apr 8, 2012 2:44:41 PM

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

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Message Posted: Apr 8, 2012 12:30:49 PM

repeat.
MikLamb
Champion Author Texas

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Message Posted: Apr 8, 2012 12:25:11 PM

Uh oh, BP and offshore drilling?
Indy1
All-Star Author Quad Cities

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Message Posted: Apr 8, 2012 12:23:34 PM

Repeat, must be a really slow news day.

Happy Easter - Jesus is alive!
njerald
Champion Author Seattle

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Message Posted: Apr 8, 2012 12:23:33 PM

Drill everywhere, now.....
jessek
Champion Author Detroit

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Message Posted: Apr 8, 2012 12:20:16 PM

Everywhere else but the USA.
esorsd
Champion Author St. Louis

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Message Posted: Apr 8, 2012 12:18:53 PM

Read this yesterday
greenfog
Champion Author Illinois

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Message Posted: Apr 8, 2012 12:15:56 PM

more oil for speculators to screw us with.
HawaiianGuy
Champion Author Idaho

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Message Posted: Apr 8, 2012 12:15:53 PM

BP would be well-advised to pay particular attention to it's blowout preventers there.
IMLURCH
Champion Author Minnesota

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Message Posted: Apr 8, 2012 12:15:38 PM

Old News
fullauto
Champion Author Reading

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Message Posted: Apr 8, 2012 12:12:38 PM

old
jindodog
Veteran Author Missouri

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Message Posted: Apr 8, 2012 12:11:01 PM

Why do these same stories appear day after day?
regasaz
Champion Author Phoenix

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Message Posted: Apr 8, 2012 12:10:45 PM

Time to move on.......... this is the 3rd day for this same story.
Dennisjk
Champion Author Detroit

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Message Posted: Apr 8, 2012 12:10:32 PM

I agree. I've seen this before.
bbreff
Champion Author Atlanta

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Message Posted: Apr 8, 2012 12:08:39 PM



This story has been posted time and time again for over a week.

firefly09
Champion Author San Diego

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Message Posted: Apr 8, 2012 12:08:34 PM

So what is new? This has been talked about before.
jimbo1867
Champion Author Arizona

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Message Posted: Apr 8, 2012 12:08:26 PM

uhuh uhuh uhuh
mickealo
Champion Author Spokane

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Message Posted: Apr 8, 2012 12:03:52 PM

good the world can use the oil shows we are not running out of oil as the govenment wants us to believe ( not yet anyway )
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