Oil & Gas

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...

Custos says the Mopane complex in the Orange Basin had an estimated 10 billion barrels of oil equivalent or higher before drilling additional exploration and appraisal wells. The Mopane complex...

88 Energy plans to drill a potential initial exploration well on PEL 93, targeting the Damara play in the Owambo Basin as early as the second half of 2025. PEL...

ReconAfrica has commenced the major civil works associated with building access roads to the well site in the Kavango region. The company announced Thursday that the primary contractor had mobilised...

Reconnaissance Energy Africa will now be able to drill its first well, Prospect L, in the Damara Fold Belt after raising N$238 million (C$17.25 million) from selling 19,166,705 at C$0,90...

Namibia’s oil and gas sector is still looking forward to reaching the production phase — S&P Global analysts don’t anticipate Namibia's first oil to come until 2029, and the country’s...

If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet...

Sintana Energy Inc. says Galp and its partners Namcor and Custos have encountered a significant column of light oil in high-quality reservoirs on Mopane-2X on PEL 83 in the Orange...