Oil & Gas

ReconAfrica CEO Brian Reinsborough says the company's operations teams and contractors are completing the camp before the start of drilling in the Damara Fold Play on PEL 73 this month....

Sintana Energy Inc. has closed the acquisition of an initial 49% in Giraffe Energy Investments for US$2 million. Crown Energy owned 100% of Giraffe Energy before the acquisition. Giraffe owns...

ReconAfrica says major civil works are underway at the first Damara Fold Belt well, the Naingopo Prospect, including site access roads and well pad construction.  The drilling is set for June...

Africa Oil Corp. says the farm-down deal involving Impact Oil & Gas and TotalEnergies for PELs 91 and 56 in the Orange Basin increased shareholder capital returns with US$25.4 million during...

88 Energy has awarded Polaris Natural Resources Development the tender for the 2D seismic data acquisition program for PEL 93 in the Owambo Basin.  Polaris Natural Resources Development, a Canadian...

Galp Energia invested N$1.5 billion (€75 million) on exploration in Namibia in the first quarter of 2024. The Portuguese company's upstream portfolio in Namibia consists of PEL 83, which holds...

Pancontinetal Energy is working to finalise the joint venture with Woodside Energy regarding PEL 87 in the Orange Basin. PEL 87 on block 2713 is a large, 10,947 km² area...

Sintana Energy has signed an agreement to acquire EPL 79 in the Orange Basin for (N$36.7 million (US$2 million). The company agreed with Crown Energy to acquire up to 67%...

Mines minister Tom Alweendo says the oil discoveries in the Orange Basin suggest the biggest oil yield ever found in Sub-Saharan Africa. Speaking at the ongoing Namibia International Energy Conference just outside...

88 Energy says it is now funded for at least the next 12 months, with N$123 million (A$9.9 million) from selling 3.1 billion shares and the existing cash reserves of...