Oil & Gas

The government has approved BP Namibia Energy’s acquisition of 60% interests in three offshore petroleum exploration licences, clearing the way for the energy major to take over operatorship of PEL...

Chevron is set to acquire Trago Energy’s 10% participating interest in Namibia’s offshore Petroleum Exploration Licence 90 for US$11 million upfront, leaving Trago with no obligation to fund the upcoming...

Pancontinental Energy is still searching for a deepwater partner to fund exploration drilling on Namibia's PEL 87, with the licence's extended exploration period due to expire on 22 January 2027....

TotalEnergies has left out a final investment decision date for its multibillion-dollar Venus oil development in its latest global strategy, while announcing an FID on the Absheron gas development in...

ReconAfrica says samples collected during earlier testing of its Kavango West 1X well in Namibia have confirmed natural gas with the potential to contain liquids, as the company prepares for...

Tower Resources’ long-running farm-out of a 25% interest in Namibia’s offshore Petroleum Exploration Licence 96 (PEL96) to Prime Global Energies has moved to the Minister of Industries, Mines and Energy...

Namibia's oil and gas industry attracted about N$74.4 billion in foreign direct investment between 2021 and 2025, accounting for roughly 56% of the country's total FDI inflows, but the Bank...

Stamper Oil & Gas has cut the remaining cash payment for its acquisition of interests in five offshore Namibian oil blocks by US$750,000, replacing part of the obligation with additional...

ReconAfrica has applied for environmental clearance to transport specialised hazardous chemicals from Walvis Bay through four regions to its PEL73 operations in the Kavango Basin as it prepares for production...

TotalEnergies has completed its acquisition of a 40% operating interest in Petroleum Exploration Licence 83 (PEL 83), giving the French energy major control of the Mopane oil discovery offshore Namibia....