Oil & Gas

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...

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...