Category: Oil and Gas
Venus Well Development and Operation Investment Estimated at US$18bn …over US$2 billion will be spent locally
By: Nghiinomenwa-vali Hangala The Venus well project, which is on the cusp of its Financial Investment Decision (FID), is estimated to require capital development/investment of over US$11 billion in the development phase. If developed, it will further require…
ReconAfrica’ Kavango West 1X Produced Natural Gas
ReconAfrica, which is looking for oil in the Kavango area, has produced natural gas to the surface from the Kavango West 1X discovery well. According to the Prospect Magazine, it marks the first hydrocarbons ever produced onshore in the…
Onboard and Mentor Local Entrepreneurs – Amutse Tells Oil Operators
By: Nghiinomenwana-vali Hangala Operators and tier 1 service companies in the oil and gas industry have been instructed to build capacity in local companies for procurement and vendor onboarding processes, and to mentor local entrepreneurs to enable them…
Energy Transition Poses Threat to Oil & Gas Traders
By: Dwight Links A report on trends in oil and gas demand and the nations producing them has forecast that alternative energy sources will impact demand and prices in coming decades. Titled ‘Lead Report: Policy Dialogue on…
Rhino Resources Confirms Hydrocarbon Discovery in Orange Basin
By: Justicia Shipena Rhino Resources has confirmed the presence of hydrocarbons at its Sagittarius-1X exploration well, drilled in Block 2914 of the Orange Basin offshore Namibia. However, it remains uncertain whether the discovery is commercially viable. The company, along…
Oil Not Accounted for Economic Growth in 2025
By: Justicia Shipena Oil exploration will not contribute to Namibia’s economic growth this year, according to the Bank of Namibia (BoN). Central Governor Johannes !Gawaxab emphasised the uncertainty surrounding oil exploration, stating that while significant investments are being…
Namibia Courts Nigeria Over Oil & Gas Collaboration
By: David Shoombe Namibia is seeking to collaborate with Nigeria in its oil and gas sector, exploring potential partnerships in exploration, production, and refining. This was revealed by the chairperson of the Nigerian delegation during the fifth session…
Fuel Prices Set to Increase
By: Loise Shiimi Fuel consumers will need to dig a little deeper into their pockets starting on 5 February, as the Ministry of Mines and Energy has announced an increase in petrol prices by 42 cents per litre,…
Assessments and Exploration Continue on Nam Oil Prospect …no commercial finding yet
Nghiinomenwa-vali Erastus Drills at over four Blocks with different wells, in which the country’s oil and gas company, Namcor is involved, have not revealed any commercially viable oil reserves yet. The National Petroleum Corporation of Namibia (Namcor), in their operational…
TotalEnergies To Finalise Financial Investment Decision In 2025
Nghiinomenwa-vali Erastus Despite Shell’s recent decision to write down the value of its reserves in Petroleum Exploration Licence (PEL) 39, TotalEnergies is on track to make its Final Investment Decision (FID) this year for its own oil block….