Oil & Gas

Supernova Metals Corp. acquired an 8.75% indirect ownership interest in Block 2712A in the Orange Basin offshore Namibia, under PEL 107. The acquisition was through a share exchange agreement on...

Custos Energy has announced the completion of the previously announced farm-in by Chevron Namibia Exploration II Limited, a subsidiary of Chevron, into Petroleum Exploration License 82.  The transaction provides for an 80% participating interest...

Africa Oil Corp. says its investee company, Impact Oil & Gas Limited, has reported encountering black oil on the Tamboti-1X well in the Orange Basin. The Tambuti-1X well is within 85m...

Impact Oil & Gas has paid Africa Oil Corp. a dividend of US$31.6 million from a shareholding of 39.5% in Blocks 2912 and 2913B offshore Namibia. Africa Oil has an indirect...

TotalEnergies has projected a reduction of 10,000 barrels per day from its Namibian operations. The company operates two offshore exploration licenses in the Orange Basin: Blocks 2912 and 2913B. The...

Pancontinental Energy is now focused on two primary exploration leads within the Saturn Complex that cover a combined area of up to 1,385 km2 across PEL 87 in the Orange...

Reconnaissance Energy Africa has encountered over 50 metres of net reservoir in the Naingopo exploration within the Damara Fold under PEL 73. Reconnaissance Africa holds a 70% working interest in...

Reconnaissance Energy Africa Ltd. and BW Energy have completed the farm-down agreement announced in July 2024. The agreement saw BW Energy acquire a 20% working interest in PEL 73 onshore...

Prime Global Energies Limited has agreed to acquire 25% out of Tower Resources' 80% in PEL96, offshore Namibia, for US$2.5 million aggregate cash at completion. The farm-in agreement will be...

Namibia has approved Azule Energy's farm-out agreement with Rhino Resources in Block 2914A PEL 85 in the Orange Basin. The companies announced the agreement in May 2024. Azule Energy says that...