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NAMCOR and Partners Begin Drilling Volans-1X Well Offshore Namibia

The National Petroleum Corporation of Namibia, NAMCOR, has announced the start of drilling operations on the Volans-1X exploration well located offshore Namibia in Block PEL 85 of the Orange Basin. The drilling is being conducted in partnership with Rhino Resources, the operator of the block, along with Azule Energy and …

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Fuel Prices Remain Unchanged for August Despite Diesel Under-Recoveries

The Ministry of Industries, Mines and Energy has announced that fuel prices across Namibia will remain unchanged for the month of August 2025. This decision follows a comprehensive review of global oil market dynamics, exchange rate fluctuations, and domestic pricing models. During the month of July, international oil prices were …

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Celsius Sells Opuwo Cobalt Project, Takes Major Write-Down

Australian-listed company Celsius Resources has reduced the value of its Opuwo Cobalt Project in northwest Namibia by approximately N$75 million, citing ongoing market difficulties and uncertainty around how long it would take to develop the site. The decision was outlined in Celsius’s June 2025 quarterly report and reflects broader struggles …

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