Preliminary interpretation of a vast swath of three dimensional(3D) seismic data in Namibia’s hydrocarbon rich Orange Basin, has provided clues for a contiguous relationship between the Orange basin and the Pelota basin in Southern Brazil and Uruguay. “The time for a conjugate leap from the significant discoveries of Namibia’s OrangeContinue Reading
Namibia-focused junior Reconnaissance Energy Africa (ReconAfrica) has received a significant fillip for its 2024 exploration campaign in the frontier Kavango basin after an independent resource assessor estimated that prospects on its acreage could house 3.4 billion barrels of potentially recoverable oil. Toronto- and Frankfurt-listed ReconAfrica holds a 90% stake inContinue Reading
First oil in 2028, while plausible, would be impressive and for that to happen, some really good results from the current Namibia appraisal program are required, Justin Cochrane, Africa Upstream Regional Research Director for S&P Global Commodity Insights has said. Cochrane who spoke to ECP on what the pathway toContinue Reading
Galp Energia’s share price surged almost 7% on Friday following news it has drilled a successful appraisal and exploration probe on its significant Mopane light oil find in Namibia’s Orange basin and is now set to return to the discovery well to carry out crucial production tests. The Lisbon-based playerContinue Reading
The recently released preliminary outcomes of Namibia’s Population and Housing Census represent a milestone in country’s journey towards a more data-informed governance model. This was last week said by Prime Minister, Saara Kuugongelwa-Amadhila who noted that beyond the numerical intricacies lies a wealth of information that serves as a compass,Continue Reading
Gil Holzman, CEO and President of Eco Atlantic has said that they expect more activity in Namibia’s orange as the country continues to yield excitement after recent oil discoveries. “Namibia has witnessed some of the largest exploration discoveries in recent years, thanks to small explorers never giving up and betterContinue Reading
Uranium exploration and development company Madison Metals will pursue more traditional means of raising capital to fund its future efforts, as the company’s unique uranium tokenisation strategy has not yielded the expected returns. “It’s been slow, I have to admit, and it definitely hasn’t brought the capital that we wereContinue Reading
…Knowledge Katti’s Custos, Galp and NAMCOR are partners Sintana Energy Inc has said that an ongoing exploration campaign in Namibia’s Orange Basin has resulted in significant discoveries of light oil. The company is conducting exploration on blocks 2813A and 2814B in the Basin, a region rapidly gaining recognition as oneContinue Reading
Reconnaissance Energy Africa Ltd. (ReconAfrica), an oil and gas exploration company, has released an updated prospective resource estimate for the Damara Fold and Thrust Belt Area in Namibia. The estimate, supported by a Prospective Resource Report prepared by independent evaluator Netherland, Sewell & Associates, Inc. (NSAI), reveals an increase inContinue Reading
Shell’s chief executive Wael Sawan earned just shy of N$190 million from his work with the London-listed supermajor in 2023. Shell has made four oil discovery in the Orange Basin, offshore Namibia. With a total remuneration package of N$188 million for his work in 2023 with the boss receiving aContinue Reading
