As the scramble for Namibian oil heats up, four of world’s five largest listed oil companies -known as the super-majors- have now entered Namibia’s red hot orange basin with only ExxonMobil yet to register its interest. These super-majors – BP, Shell, Chevron, ExxonMobil and TotalEnergies – have made profits ofContinue Reading
Walvis Bay continues to serve as Namibia’s primary border post for both imports and exports, with imported goods amounting to a value of N$5.1 billion passing through there, a report by Simonis Storm reveals. “One of Namibia’s advantages is the absence of load shedding, ensuring that our ports and borderContinue Reading
Cleanergy Solutions Namibia, a joint venture between CMB.TECH and the Ohlthaver & List (O&L) Group last week hosted the Cleanergy Green Hydrogen progress showcase at the plant’s site in Walvis Bay, Namibia noting that the hydrogen refuelling station is expected to be operational in the fourth quarter of 2024. TheContinue Reading
Global oil super major, BP and Eni have struck a deal to take an operating stake in a highly prospective exploration licence in Namibia’s Orange basin close to Galp Energia’s huge Mopane discovery and next door to acreage where Shell has made five discoveries. Azule Energy, the 50:50 joint ventureContinue Reading
Rystad Energy analyst Pranav Joshi has said that Namibia could find itself among the top eight largest oil producers in the world by 2035 following successes experienced in the Mangetti and Mopani exploration wells. Just recently Global oil major Shell confirmed the presence of oil deposits at the Enigma-1X wellContinue Reading
Offshore drilling contractor Noble Corporation has unveiled a set of new assignments for one of its drillships off the coast of Africa, which is in the process of wrapping up its work in Ghana earlier than expected. Once this job is complete, the rig will move to Equatorial Guinea forContinue Reading
Mines and Energy minister, Tom Alweendo has told investors in Namibia’s booming energy sector that having accepted them to collaborate with Namibia in the sector, he expects them to earn their license to operate. In this regard, Alweendo asked them to tune out the barrage of noise about how NamibiaContinue Reading
TotalEnergies is looking to sanction the first phase of its huge Venus project offshore Namibia in late 2025, targeting production of as much as 180,000 barrels per day. Venus is currently thought to hold about 2 billion barrels of recoverable oil, with chief executive Patrick Pouyanne making clear previously thatContinue Reading
Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position. There’s a “big chunk of oil” in waters off Namibia, said Patrick Pouyanne, chief executive officer of TotalEnergies SE, which alongside several other companies hasContinue Reading
Namibia’s offshore deposits could be in the range of hundreds of billions of barrels, Dr. Marcio Mello, President of the Brazil Petroleum Studies, stated during the Namibia International Energy Conference (NIEC). Geological data underscores the potential for over 100 billion barrels of unrisked oil reserves, with hundreds of prospects yetContinue Reading
