Africa Oil Corp. has made a cash offer to acquire up to 8.0% of issued shares from minority shareholders in Impact Oil and Gas Limited. The offer is worth up to approximately US$64 million (about N$1.2 billion), which implies a valuation of US$805 million for 100% of the issued share capital of Impact. Africa Oil...
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 Orange Basin to the unexplored Pelotas...
…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 one of the world’s most promising...
Namibia expects to produce first oil by 2030, with development plans underway for the eight discoveries made in the Orange Basin since 2022. This string of upstream success will not only create new opportunities for job creation, industrialization and long-term economic growth, but has demonstrated the lucrative potential of offshore oil in southern Africa. Namibia’s...
Namibia expects to produce the first oil by 2030, with development plans underway for the eight discoveries made in the Orange Basin since 2022. This string of upstream success will not only create new opportunities for job creation, industrialization, and long-term economic growth but has demonstrated the lucrative potential of offshore oil in southern Africa....
CHAMWE KAIRA The Stampriet Aquifer Uranium Mining Association (SAUMA) is currently conducting a study to provide the economic value of the Stampriest Artesian Basin to Namibia. “We have instructed professionals to provide this information independently,” SAUMA said in a response to questions by Observer Money. SAUMA noted that in terms of agriculture activities contribution to...
Shell has discovered at least 500 million barrels of recoverable oil in Namibia’s Orange Basin, the country’s petroleum commissioner Maggy Shino has said. The official was talking to Energy Capital & Power ahead of the Namibia International Energy Conference, in Windhoek on April 23-25. Shino said Shell Namibia Upstream had found from 200 million barrels...
Niël terblanché The Stampriet Aquifer Uranium Mining Association (SAUMA) Management Committee has penned an urgent open letter addressed to key stakeholders, including Members of Cabinet, Members of Parliament, Standing Committees, Regional Governors, Councilors, Traditional Authorities, and the Namibian public. SAUMA expressed deep concerns regarding the proposed In Situ Leach Mining of Uranium in the Stampriet...
Sintana Energy is optimistic heading into 2024 after a year of successes for the petroleum and natural gas explorer and developer. “Building off of our Namibia entry in 2022, 2023 was another year of significant progress for Sintana,” Sintana president and director Robert Bose told shareholders in a 2023 year-end review. “The continuing emergence of...
The National Petroleum Corporation of Namibia (Namcor) has announced it has made a significant oil discovery in the Mopane-1X exploration well offshore Namibia, which is co-owned by Knowledge Katti’s Custos Energy. The well is operated by Portuguese energy corporation Galp Energia, which holds an 80% stake in PEL83, governing blocks 2812A and 2812B. Galp operates...