Oil & Gas

ReconAfrica has increased a financing package for further testing of its Kavango West 1X discovery in Namibia from C$15 million to C$19 million, just a day after announcing the original...

ReconAfrica is targeting a final investment decision on its Kavango West discovery in Namibia within about a year if upcoming horizontal testing and appraisal work establish commerciality, potentially putting the...

ReconAfrica is raising C$15 million to fund an open-hole horizontal sidetrack and production testing programme at its Kavango West 1X discovery in Namibia, following earlier vertical tests in which hydrocarbons...

88 Energy and its partners face a minimum US$10 million exploration commitment on Namibia's PEL 93 over the next two years, including an exploration well, if their application to move...

88 Energy and its partners have proposed surrendering 50% of Namibia’s PEL 93, while retaining all 13 prospects and leads identified across the licence as they seek approval for another...

Equinor is hoping Chevron's planned Nabba-1X exploration well offshore Namibia will deliver a “pretty big” oil discovery comparable to major finds already made in the Orange Basin, as the Norwegian...

ReconAfrica is preparing to begin a 1,000-metre horizontal production test at its Kavango West 1X discovery in Namibia in October, with specialised equipment being shipped from the United States after...

Tower Resources is awaiting Namibia's minister's signature and stamping on documents transferring an interest in offshore Petroleum Exploration Licence 96 (PEL 96) to Prime Global Energies, the final step before...

Namibia is preparing an onshore petroleum supply base, expanded fuel storage, a petrochemical testing laboratory and modern seismic and geoscientific data systems as part of a government plan to ensure...

Namibia has pledged to maintain predictable rules and timely decision-making for oil and gas investors, but says companies will also be expected to honour their investment, performance and conduct commitments...