Namibia announces second fuel price hike in two months
Namibia’s petrol prices have increased by N$2.22 per litre over the past two months, with diesel prices up by N$1.12 after the Ministry of Mines and Energy announced a 70 cents per...
Chevron acquires 80% working interest in offshore Namibia license from Namcor
The National Petroleum Corporation of Namibia (NAMCOR) has signed a Farm-Out Agreement with Chevron Namibia Exploration Limited (CNEL), a subsidiary of Chevron Global Energy Inc. Under the agreement, CNEL will acquire an...
TotalEnergies targets 180,000 bpd production in first phase of Venus project
TotalEnergies is targeting production of as much as 180,000 barrels per day (bpd) in the first phase of its Venus project offshore Namibia, targeting late 2025. According to Upstream, Venus is currently...
Rhino Resources awards Halliburton offshore Namibia deepwater work contract
Oil exploration company Rhino Resources Ltd has awarded a Namibia deepwater integrated multi-well construction contract to Halliburton. Under the agreement, Halliburton will provide complete solutions to construct exploration and appraisal wells, along...
OPEC eyes collaboration with Namibia as oil discoveries mount
The Organisation of the Petroleum Exporting Countries (OPEC) says it is exploring potential collaboration with Namibia as the nation prepares for its first offshore oil production by 2030. This comes as significant...
Oil majors intensify Namibia exploration, commit to local participation
Chevron, ExxonMobil, and Galp Energia have announced plans to ramp up exploration activities in Namibia, while also pledging to increase local participation in the development process. Chevron Country Manager for Namibia & Suriname,...
Sintana in N$58m deal to acquire stake in PEL 79 offshore Namibia
Sintana has entered into an agreement with Crown Energy, a private Namibian company, to acquire up to 67% of Giraffe Energy Investments (Pty) Ltd, a vehicle which in turn owns a 33%...
Namibia’s mining sector generates N$51.5 billion in 2023
The Chamber of Mines of Namibia says the mining sector generated N$51.5 billion during the 2023 financial year, contributing N$6.8 billion in taxes including the pay as you earn (PAYE). The Chamber’s...
Namibia calls for speedy development of oil finds
Minister of Mines and Energy Tom Alweendo has called on exploration companies with commercially viable oil discoveries to expedite the development process for full-scale production. "Although I consider myself a pragmatist, the...
More exploration activities headed for Namibia – Chamber of Mines
The Chamber of Mines of Namibia anticipates more exploration activities headed to Namibia in the next few years, buoyed by an 18.1% increase in exploration expenditure from 2022 to 2023. The growth, according...