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Author Topic: BP bets Namibia is the next hot spot for oil Back to Topics
PD

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Message Posted: Apr 6, 2012 12:25:35 PM

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

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

Keep drilling!
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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.
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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.
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Gas4Gore
Champion Author Detroit

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

Way to go Namibia.
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dockersbin
Veteran Author North Carolina

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

Alright
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Donatelo
Champion Author Dayton

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

ok
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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
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no_monkey2002
Champion Author Tallahassee

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

drill baby drill
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Donatelo
Champion Author Dayton

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

k
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albert2008
Champion Author Winnipeg

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

sounds good
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rickfro
All-Star Author San Diego

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

We need alternatives to oil.
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albert2008
Champion Author Winnipeg

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

time will tell
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no_monkey2002
Champion Author Tallahassee

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

who knows
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albert2008
Champion Author Winnipeg

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

old news
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honda0105
Champion Author Tallahassee

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

kar: wise words.
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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.
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thinkaboutit
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Message Posted: Apr 12, 2012 12:41:52 PM

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

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

time will tell
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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.
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nannieb43
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Message Posted: Apr 11, 2012 8:47:24 AM

Both good and bad. Time will tell
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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.
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Donatelo
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Message Posted: Apr 10, 2012 10:37:01 AM

k
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albert2008
Champion Author Winnipeg

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

sounds good
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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.
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honda0105
Champion Author Tallahassee

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

Kar: you said it best.
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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.
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niceguytx
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Message Posted: Apr 9, 2012 9:41:33 AM

I hope thereis enough to lower prices.
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albert2008
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Message Posted: Apr 9, 2012 8:50:39 AM

good luck
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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!
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Edpap
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Message Posted: Apr 8, 2012 9:44:47 PM

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

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

Good for BP, bad for the Nimrods.
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tomok
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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!
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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.
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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.
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mageetp
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Message Posted: Apr 8, 2012 12:30:49 PM

repeat.
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MikLamb
Champion Author Texas

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

Uh oh, BP and offshore drilling?
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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!
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njerald
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Message Posted: Apr 8, 2012 12:23:33 PM

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

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

Everywhere else but the USA.
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esorsd
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Message Posted: Apr 8, 2012 12:18:53 PM

Read this yesterday
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greenfog
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Message Posted: Apr 8, 2012 12:15:56 PM

more oil for speculators to screw us with.
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HawaiianGuy
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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.
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IMLURCH
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Message Posted: Apr 8, 2012 12:15:38 PM

Old News
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fullauto
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Message Posted: Apr 8, 2012 12:12:38 PM

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

Why do these same stories appear day after day?
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regasaz
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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.
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Dennisjk
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Message Posted: Apr 8, 2012 12:10:32 PM

I agree. I've seen this before.
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bbreff
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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.

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firefly09
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Message Posted: Apr 8, 2012 12:08:34 PM

So what is new? This has been talked about before.
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jimbo1867
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Message Posted: Apr 8, 2012 12:08:26 PM

uhuh uhuh uhuh
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