Oil

The successful completion of the Capricornus-1A appraisal well in the Orange Basin has added to hopes that Namibia could become an oil-producing nation in the near future, with industry players describing the results as an important step in understanding the country’s offshore petroleum potential. The National Petroleum Corporation of Namibia …

Namibia’s Ministry of Industries, Mines and Energy has appointed Deputy Director of Petroleum Exploration and Production Aune Amutenya as Acting Petroleum Commissioner, marking a key leadership transition at a critical moment for the country’s rapidly expanding oil and gas sector. The appointment, announced by Mines and Energy Minister Modestus Amutse …

Namibia is swiftly emerging as one of the most compelling economic narratives on the African continent, driven by a convergence of massive offshore oil and gas discoveries, accelerating mining activity, and pioneering investments in green hydrogen. With a population of just over three million people, the nation is systematically positioning …

The South African energy landscape is currently grappling with a profound sense of urgency as the nation faces a potential industrial disruption triggered by the impending depletion of natural gas supplies from Mozambique. As coal-fired power stations are decommissioned to meet environmental goals, the need for stable baseload energy has …

As Namibia moves from exploration success to execution, the government is tightening coordination around its upstream oil and gas ambitions, with the Upstream Petroleum Unit (UPU) set to engage investors and industry leaders at the Namibia International Energy Conference (NIEC) 2026 in Windhoek from 14–16 April. Housed within the Presidency, …

TotalEnergies has signed agreements to acquire a 42.5% operating interest in the PEL 104 exploration license, located offshore Namibia, from Eight Offshore Investments Holdings and Maravilla Oil & Gas. Upon completion of the transaction, TotalEnergies will become the operator of the license, holding a 42.5% interest alongside Petrobras (42.5%), Namcor …

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. …