Oil

Ongoing oil exploration and appraisal activities have propelled the country’s net foreign direct investment (FDI) to N$13.9 billion in the first quarter of 2025, according to the Bank of Namibia. The surge represents a 28.8 percent increase from the previous quarter and a 14.5 percent rise year on year, underscoring …

Namibia has vowed to transform its recent offshore oil discoveries into long-term jobs and national wealth, with government insisting strict oversight will prevent the so-called “resource curse.” Speaking at the 2025 Namibia Oil and Gas Conference in Windhoek, Deputy Prime Minister and Minister of Industries, Mines and Energy, Natangue Ithete, …

Namibia is gearing up to solidify its position as Africa’s next energy frontier, with the third annual Namibia Oil and Gas Conference set to kick off from August 12 to 15 at the Mercure Hotel in Windhoek. The high-stakes event, endorsed by the Ministry of Mines and Energy, aims to …

Along with significant updates on exploratory activities in Namibia and a significant expansion into Angola, ReconAfrica has revealed its financial and operational results for the first quarter of 2025. Preparations for drilling Prospect I, the company’s largest target to far, are going well, according to President and CEO Brian Reinsborough. …

As Namibia’s energy sector surges ahead with exciting oil and gas discoveries, industry leaders gathered at this year’s Namibia International Energy Conference (NIEC) to issue a clear call, local businesses must be at the center of the country’s energy future. Several key players in the industry underlined during a panel …

A significant development as Namibia sets itself as a new energy leader in southern Africa, NAMCOR, the national oil firm of Namibia, has said the country might soon be generating more than 2.5 million tons of natural gas annually. Mtundeni Ndafyaalako, Executive of Upstream Development & Production at NAMCOR, spoke …

The global energy industry’s spotlight is firmly fixed on Namibia, a nation rapidly emerging as Africa’s premier exploration hotspot. To dissect this burgeoning sector, the African Energy Chamber (AEC), in partnership with Namibia’s Ministry of Mines and Energy and Wood Mackenzie, will host a pivotal webinar, “Exploration Hotspot: Focus on …

Africa’s oil and gas sector continues to draw interest from international oil companies (IOCs) through well-structured Production Sharing Contracts (PSCs) and strategic farm-in agreements. Last week, US major Chevron completed a farm-in agreement with Custos Energy for PEL 82 in the Walvis Basin offshore Namibia. Under this transaction, Chevron acquired …

As Impact Oil & Gas, in collaboration with TotalEnergies, QatarEnergy, and NAMCOR, progresses important projects in Blocks 2913B and 2912, Namibia’s offshore oil and gas development is gaining steam. Namibia’s deep-water potential is changing the game for the nation’s energy industry, as evidenced by recent drilling results and continuing development …

The National Petroleum Corporation of Namibia (NAMCOR) has announced significant updates on offshore exploration, appraisal, and development activities in the Orange Basin, one of the world’s most promising oil and gas regions. These developments span several blocks, with joint ventures and operators advancing exploration and appraisal campaigns to unlock the …