Oil & Gas

Africa Oil Corporation will increase its shareholding in Impact Oil & Gas to 32.4% from 31.1%. The Canadian company will purchase 25,652,039 shares from 42 accepting shareholders for about US$18.6...

Namibia has invited Tower Resources to apply to enter the First Renewal Period of PEL 96 for 2–3 years. Tower is the operator of the license PEL 96 with 80%...

Global Petroleum Limited has entered into early commercial discussions with a potential operating partner for a farm-in agreement for its license PEL94 in the Walvis Basin. The company holds a...

Petroleum commissioner Maggy Shino told delegates at the Mining Expo and Conference in Windhoek on Thursday that Rhino Resources and partners are planning to drill in November 2024. Azule Energy...

ReconAfrica has drilled the Naingopo exploration well on PEL 73 in the Kavango basin to a depth of 1,450 meters, with surface casing set at 350 meters and a first...

The farm-down deal between Reconnaissance Energy Africa and BW Energy is expected to be completed before October 31, 2024. ReconAfrica announced on Wednesday that it had now entered into a...

ReconAfrica plans to spud Prospect P in the fourth quarter of 2024, following the completion of the Naingopo exploration well on PEL 73. The company spudded the Naingopo exploration well...

88 Energy Limited has completed the 2D seismic data acquisition program for PEL 93 over the Owambo Basin on time and within budget. The program aims to determine the size...

Galp's upstream expenditure in Namibia has increased by N$700 million from N$1.5 billion, as reported in Q1 of 2024. The Portuguese company’s upstream portfolio in Namibia consists of PEL 83,...

Reconnaissance Energy Africa has spudded the Naingopo well in the PEL 73 in the Kavango Basin. The company announced early this year that they were targeting June for spudding the...