Oil & Gas

Pancontinental's exploration investment in PEL 87 in the Orange Basin during the first licence period exceeded US$5 million. PEL 87 was awarded to a joint venture in early 2018 for...

Tower Resources has, through its subsidiary, Tower Resources (Namibia) Limited, acquired an additional 5% interest in the PEL 96 license offshore Namibia for US$375.000 from its local partner, ZM Fourteen Investment (Pty)...

Galp says it spent N$7.2 billion (€312 million) in Namibia during the fourth quarter of 2024, almost double what the company spent in the first nine months of 2024. The...

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...