Oil & Gas
Get the latest on Namibia’s oil and gas sector, from exploration and drilling updates to market trends and investment opportunities shaping the industry
Tower Resources signs US$4.4m farm-out deal for offshore Namibia license
Tower Resources plc has entered into a US$4.375 million farm-out agreement with Prime Global Energies Limited for a 25% non-operated...
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No need to panic about Shell’s write-down of Namibian expenditure
By Shakwa Nyambe Shell has recently announced a US$400 million (about N$7.5 billion) write-down concerning its oil discovery in the...
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Galp appoints interim Co-CEOs following CEO resignation
Galp has announced the appointment of Maria João Carioca, Chief Financial Officer (CFO), and João Diogo Marques da Silva, Executive...
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Namibia: Shell write down merely a speed bump, not a road block
Energy major Shell has announced that oil discovered offshore Namibia in Petroleum Exploration License (PEL) 39 cannot be currently confirmed...
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Shell’s non-viable discovery won’t impact Namibia’s oil ambitions, says Minister
Namibia’s oil and gas development prospects remain on track despite Shell’s announcement that recent discoveries in some wells drilled in...
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Shell write-down highlights Namibia’s offshore challenges
By Ekkehard Friedrich Today Shell wrote down their reserves in PEL39 offshore Namibia by US$ 400m stating that it can...
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Namibia shrugs off Shell setback, reaffirms confidence in country’s oil prospects
The National Petroleum Corporation of Namibia (NAMCOR) has reaffirmed its optimism about Namibia's untapped oil potential, despite Shell's announcement that...
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Shell faces US$400 million loss on unviable Namibia oil discovery
Shell has announced that it will write off $400 million related to an oil discovery offshore Namibia, declaring the project...
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Galp CEO Filipe Silva resigns
Galp has announced that Filipe Silva has resigned as Chief Executive Officer and Vice-President of the Board of Directors, citing...
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NAMCOR confirms hydrocarbon discovery at Mopane-2A well
The National Petroleum Corporation of Namibia (NAMCOR) has confirmed hydrocarbon discoveries at the Mopane-2A well, with gas-condensate identified in the...
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