Namibia discovered oil after 38 dry wells, N$20bn investment
The National Petroleum Corporation of Namibia (NAMCOR) says 38 dry wells and an investment of over N$20 billion over three ...
Tag: oilandgas
Africa Oil Corp advances Venus oilfield development
Africa Oil Corp (AOC) says drilling and testing results from the Venus-1X, Venus-1A, Venus-2A, and Mangetti-1X wells, completed in 2023 ...
Global Petroleum secures Namibia licence renewal
Global Petroleum Limited says it has successfully renewed its Petroleum Exploration Licence (PEL) 94 in Namibia for the period 2024/2025. The ...
Namibia’s emerging oil discoveries set to boost investment appeal
Namibia's Orange Basin is rapidly emerging as one of the world's most promising oil and gas regions, according to the ...
Shell raises commercial viability as a key challenge in Namibia
Shell Chief Executive Wael Sawan says determining the commercial producibility and mobility of new energy molecules in Namibia remains a ...
Eco Atlantic invests N$273 million in Namibia activities
Eco Atlantic Oil & Gas Ltd. (Eco Atlantic) has invested N$273 million (US$15 million) in petroleum and natural gas licences ...
ReconAfrica completes N$514m offering led by BW Energy investment
Reconnaissance Energy Africa Ltd. (ReconAfrica) has successfully closed its public offering, exceeding its target by raising approximately C$38.8 million (N$514 ...
NAMCOR considers gradual increase in oil & gas partnership stake
The National Petroleum Corporation of Namibia (NAMCOR) says it is looking to gradually increase its stake within oil and gas ...
