Oil & Gas

Tower Resources chief executive officer Jeremy Asher says engagement with Namibia’s national oil company has resumed, with Namcor confirming it is back to work on due diligence and documentation linked...

88 Energy reveals that pre-risking is underway at PEL 93, where the company holds a 20% working interest, following regulatory approval for a licence extension and the rollout of a...

Pancontinental says there is a chance that the Saturn Complex on PEL 87 in the Orange Basin could host more than 5 billion barrels of recoverable oil across six prospective...

Eco Atlantic Oil & Gas has raised US$10 million (about N$190 million) through a direct equity subscription from Israeli-based investors to strengthen its capacity to advance offshore exploration activities in...

Pancontinental’s licence for PEL 87 offshore Namibia reaches the end of its First Renewal Exploration Period on 22 January 2026, while an application submitted on 6 October 2025 for a...

Sintana Energy has committed US$1 million to secure exclusivity over a potential indirect interest in PEL 37 in Namibia’s offshore Walvis Basin, as the company evaluates a strategic expansion alongside...

ReconAfrica chief executive officer Brian Reinsborough says production testing at the Kavango-1X well in northeastern Namibia is expected to begin in the second quarter of 2026 as the company advances...

ReconAfrica has secured C$36.8 million (about N$500 million) in fresh funding following the closing of a fully underwritten equity offering to accelerate appraisal and testing activities across its Namibian and...

Shell is preparing to return to Namibia’s offshore fields as the Deepsea Mira drilling rig has been awarded a new one-plus-one well contract, marking the supermajor’s renewed commitment to exploration...

TotalEnergies has taken operational control of Namibia’s Mopane oil discovery after striking a major asset-swap deal with Galp Energia, Reuters reported on 9 December. Under the agreement, TotalEnergies will acquire...