KEY POINTS Chevron has agreed to acquire a 10% stake in an offshore exploration licence in Namibia’s Orange Basin from Custos Energy for $11 million, strengthening its position in one …
Namibia
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In the News
Namibia’s Opposition Demands Answers Over a N$612 Million Solar Deal Linked to President’s Sons
Namibia’s main opposition leader is demanding transparency over a N$612 million solar project linked to President Nandi-Ndaitwah’s sons and a family-owned farm.
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KEY POINTS Shell is preparing to return to Namibia’s waters with a new exploration drive, setting April 2026 as the start date for a renewed drilling campaign in the PEL …
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Energy TransitionIn the News
Eskom’s Recovery Bolsters Namibia’s Power Security as New Supply Deal Takes Effect
KEY POINTS Namibia’s electricity outlook has brightened following Eskom decision to conclude firm power-supply agreements with both Namibia and Botswana, arrangements scheduled to take effect from 1 April 2025. The …
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As global oil markets continue to evolve, attention turns to Namibia, a country poised to potentially become the newest member of the Organization of the Petroleum Exporting Countries (OPEC). The …
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Namibia is poised to make a crucial decision regarding its recent oil discovery, with expectations of reaching a final investment verdict by the end of 2024. The potential development signals …
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Sintana Energy, a leading figure in the energy sector, has unveiled significant strides in its exploration endeavors within Namibia’s Orange Basin. The latest developments mark a pivotal advancement in unlocking …
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Galp Energia, a Portuguese energy company, has announced a significant oil discovery in the Orange Basin, offshore Namibia. The company said the Mopane-1X well encountered two large oil columns in …
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Energy Transition
TotalEnergies Boosts Stake in Namibian Oil Discovery, Paving the Way for Development
TotalEnergies expands its presence in Namibia’s oil and gas sector through a strategic deal, advancing the development of the Venus discovery.
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Germany is increasing its support for renewable energy initiatives in Southern Africa, with new financial contributions aimed at fostering sustainable development in the region. The latest move includes a sizable …