December 2025 TotalEnergies Mopane bid: TotalEnergies moves into lead for Galp’s 40% stake

Reports citing Bloomberg say TotalEnergies is ahead in the December 2025 TotalEnergies Mopane bid to acquire a 40% interest from Galp offshore Namibia.

TL;DR

TotalEnergies is reported to be in front for a 40% Mopane stake. Shell and Chevron remain contenders, and Galp still targets a year‑end 2025 close.

December 2025 TotalEnergies Mopane bid: lead position

December 2025 TotalEnergies Mopane bid reports indicate TotalEnergies is in the lead to buy a galp mopane 40% stake, according to coverage citing Bloomberg. The Mopane area is a namibia offshore oil discovery where Galp is the operator. As of Dec 2, several outlets repeated that framing.

Zoom in: Portuguese business daily Jornal Económico and multiple Investing.com editions (ES, PT, FR, VI) ran the same lead narrative on Dec 2. Their articles all reference Bloomberg’s reporting line on the auction.

By the numbers:

• Stake on offer: 40% of Mopane.
• Asset: Galp‑operated block offshore Namibia.
• Contenders: shell and chevron bidding alongside TotalEnergies.
• Timeline: galp partnership closing 2025 remains the goal.

Timeline and closing goal for the December 2025 TotalEnergies Mopane bid

The leadership reports surfaced on Dec 2, 2025, per the Portuguese press. Additionally, Galp aims to finalize the partnership before year‑end, with galp partnership closing 2025 cited as the working objective. However, exact timing depends on negotiations and approvals.

Who else is bidding: Shell and Chevron

Shell and Chevron remain in contention, according to earlier coverage referenced by the Dec 2 reports. Consequently, shell and chevron bidding continues to shape expectations for price and structure. Mopane’s profile as a namibia offshore oil discovery is a key draw for multiple majors.

Deal terms: 40% of Galp’s Mopane area

The transaction under discussion concerns a galp mopane 40% stake in the offshore block. Moreover, reports consistently frame the package as a 40% interest in a namibia offshore oil discovery under Galp’s operatorship.

Why the TotalEnergies Mopane bid matters

Mopane has quickly attracted global interest. Therefore, the composition of the partnership will influence development pace, capital allocation, and operational strategy. The upshot: if TotalEnergies secures the stake, alignment on project execution could accelerate, though final outcomes depend on the selected consortium.

What’s next: decision process and closing target

Galp is expected to evaluate offers and choose a partner, then finalize documentation. Meanwhile, the company continues to guide to galp partnership closing 2025, pending negotiations and regulatory steps. As the December 2025 TotalEnergies Mopane bid advances, expect further updates from Galp and the bidders as the auction progresses.