Also known as: Chevron Namibia Exploration II Limited · Chevron Corporation
Chevron — major international oil operator with exploration and development activities in Namibia's Orange Basin, focusing on local content and offshore appraisal.
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The Namibian
Chevron is the only US oil major operating in Venezuela
“Currently, Chevron is the only US oil major operating in Venezuela.”
Oil prices not shaken after Venezuela president captureThe Namibian
Chevron reported it had failed to locate economically viable oil at its Orange Basin exploration
“In the same month, Chevron reported it had failed to locate economically viable oil at its Orange Basin exploration.”
Whose Oil Is It? Controls and Benefits in NamibiaNorwegian energy major Equinor has acquired a 17.4% participating interest in Petroleum Exploration Licence 90 (PEL 90) offshore Namibia and expressed optimism about the potential for a significant oil discovery in the Orange Basin, with a drill-ready prospect scheduled for testing later this year.
30 August 2026 · Informanté →
Norwegian energy major Equinor has acquired a 17.4% participating interest in Petroleum Exploration Licence 90 (PEL 90) offshore Namibia and expressed optimism about the potential for a significant oil discovery in the Orange Basin, with a drill-ready prospect scheduled for testing later this year.
30 August 2026 · Informanté →
Sintana Energy has agreed to acquire a 44% interest in Maravilla Oil and Gas, giving it an indirect 35% stake in Petroleum Exploration Licence 37 in the offshore Walvis Basin. The deal, valued at US$6.5 million, includes a N$1 million community donation to Erongo Region and is subject to regulatory approvals.
27 August 2026 · Informanté →
Sintana Energy has signed an agreement to buy 44% of Maravilla Oil and Gas for N$105 million, giving it a stake in petroleum exploration licence 37 in the Walvis Basin. The transaction includes cash and newly issued Sintana shares, with independent directors having verified the acquisition price is fair despite Knowledge Katti's involvement in both the buying and selling companies.
21 August 2026 · The Namibian →
Namibia has made significant offshore oil discoveries but has not yet begun commercial production. Before counting potential revenue, the country needs serious national dialogue about resource ownership, development, government revenue, realistic expectations, and preventing an oil boom from becoming a resource curse—but Namibians currently lack sufficient understanding of the industry.
21 August 2026 · Windhoek Observer →
Harmattan Energy Limited, a Chevron subsidiary, has agreed to farm out a 17.4 percent participating interest in Petroleum Exploration License 90 in Namibia's Orange Basin to Equinor Energy International AS. The transaction is subject to pre-emption rights and regulatory approvals, with an exploration well scheduled before year-end.
20 August 2026 · Informanté →
The US Ambassador to Namibia says the country's offshore petroleum discoveries could deliver long-term economic benefits, jobs, and skills development, but cautioned that a Final Investment Decision would only mark the beginning of work needed to achieve lasting prosperity. US oilfield service companies are already operating in Namibia.
19 August 2026 · Informanté →
Young Namibians who obtained internationally recognised offshore training in anticipation of jobs in the emerging oil and gas sector are facing difficulties securing employment, despite the government projecting 4,000 to 12,000 jobs over the next 30 years. One woman spent N$50,000 of her savings on offshore certification in South Africa after President Netumbo Nandi-Ndaitwah encouraged Namibians to prepare for opportunities in the sector, but has yet to secure work in the industry.
13 July 2026 · New Era →
Namibia's oil and gas industry has shifted from early-stage exploration toward appraisal and development planning, with major international operators like Shell, TotalEnergies, and Galp positioning the country as an emerging regional energy hub. The sector is projected to contribute up to 5.8% to GDP annually during production, with first oil and gas expected between 2029 and 2030, provided governance and local content policies are strengthened.
18 April 2026 · Informanté →
U.S. Ambassador John Giordano highlighted Namibia's strategic role in a proposed Southern African Energy Corridor, emphasizing its potential as an oil and gas producer and leading uranium exporter, while noting that success requires clear regulatory frameworks and strong government-industry alignment. The remarks were made during a high-level engagement at the U.S. Embassy with global energy leaders ahead of the Namibia International Energy Conference.
18 April 2026 · Informanté →
President Netumbo Nandi-Ndaitwah has announced a major push to accelerate petroleum reforms, including an exploration and production amendment bill, to improve regulatory efficiency and investor confidence as Namibia moves toward first oil production in the Orange Basin. Major operators including Chevron, TotalEnergies and Rhino Resources are advancing exploration and development activities, with emphasis on ensuring legal and institutional frameworks, local participation and broad-based economic benefits keep pace with upstream activity.
17 April 2026 · The Namibian →
Despite targeting 2030 for first oil production, Chevron and Rhino Resources announced further drilling projects at Namibia's energy conference but neither committed to final investment decisions. The government hopes for FIDs by 2026, though policy uncertainty around gas flaring and regulatory delays are hindering investment confidence.
17 April 2026 · The Namibian →
US Ambassador John Giordano convened government officials and international energy executives at the US Embassy to advance integration of Namibia's energy, minerals and logistics systems into a scalable Southern African corridor. Giordano emphasized Namibia's potential as an oil and gas producer anchored by uranium production and robust infrastructure, while stressing the importance of regulatory clarity and alignment among governments, industry and capital for execution.
16 April 2026 · New Era →
US Ambassador John Giordano said at the Powering Africa Summit that Namibia's uranium, oil, and gas resources make it central to global energy security, and the US seeks to position itself as a development partner to help strengthen supply chain resilience while positioning American companies early in Namibian projects.
25 March 2026 · The Namibian →
Chevron has appointed Mwanyengwa Shapwanale as deputy country manager and local content manager for its Namibia operations. Shapwanale, who previously worked as manager for local content and vendor assurance at Chevron and as deputy country manager at Reconnaissance Energy Namibia, brings more than a decade of experience in journalism and corporate communications.
19 March 2026 · The Namibian →
Chevron has appointed Mwanyengwa 'Ndapewoshali' Shapwanale as deputy country manager and local content manager for its Namibia operations, strengthening its leadership team amid ongoing offshore exploration activity. Shapwanale previously worked as manager for local content and vendor assurance at Chevron.
17 March 2026 · The Namibian →
Chevron has appointed Emmanuelle Garinet as director of exploration for the Americas and Sub-Saharan Africa as the energy supermajor enters a new phase of exploration-led growth across Africa. The company is evaluating prospects in Namibia's Walvis Basin and plans to drill an exploration well between 2026 and 2027, building on major deepwater discoveries in the Orange Basin.
16 March 2026 · New Era →
Namibia's Revenue Agency has warned that mineral and petroleum licence transfers are subject to Namibian tax even when conducted abroad, with only 5% of companies currently complying. A tax amnesty expires in October, but industry representatives have raised concerns that the current tax regime discourages investment.
15 March 2026 · The Namibian →
United States Ambassador John Giordano completed a 10-day mission across Namibia, Washington and Cape Town to mobilise American capital and technology into Namibia's oil, gas and mining industries, framing critical minerals as essential to US energy security in the "AI era". The diplomatic push aims to position US firms to compete in Namibia's offshore energy, uranium and critical minerals sectors while deepening strategic energy partnerships.
19 February 2026 · New Era →
With heightened US interest in Namibia's uranium, lithium, and oil resources, Namibian trade officials say they will promote mineral beneficiation, downstream processing, and manufacturing partnerships rather than exporting raw materials alone. The government aims to position Namibia as a stable investment partner and regional logistics hub, with US ambassador visiting the Erongo region to assess energy opportunities including the Orange Basin and Port of Walvis Bay.
17 February 2026 · New Era →
Libya granted oil exploration and production licences to foreign energy companies including Chevron and BP on Wednesday, marking the first such awards since Muammar Gaddafi's 2011 overthrow, though only five of 20 blocks offered received bids. Analysts attributed the limited response to concerns over Libya's political division and security risks.
13 February 2026 · New Era →
Namibia's emerging oil and gas sector faces a 30-year legal vacuum in gas-related legislation and internal corruption scandals at Namcor, even as offshore exploration has confirmed 21 billion barrels of crude and significant gas deposits. A power struggle between resource nationalists and business factions over control of the industry has intensified following President Nandi-Ndaitwah's appointment and her move to centralise upstream petroleum functions in the Office of the President.
12 February 2026 · The Namibian →
Chevron has renewed its diamond sponsorship of the Namibia International Energy Conference (scheduled for April 2026) as the country prepares for first oil following major offshore discoveries in the Orange Basin. The conference aims to bring together government, energy companies, and investors to discuss Namibia's emerging oil and gas sector, which analysts project could contribute up to 18% of GDP at peak production.
4 February 2026 · The Namibian →
Businessman Knowledge Katti's Sintana Energy has paid a N$16.3 million deposit to secure negotiation rights over a stake in PEL 37, an oil exploration licence controlled by Paragon Oil & Gas. The licence has been controversial, linked to the firing of former mines minister Natangwe Ithete, and Sintana has until April 2026 to complete due diligence and negotiate terms to become a shareholder in Paragon.
23 January 2026 · The Namibian →
US President Donald Trump met with major oil executives at the White House to encourage investment in Venezuela's oil reserves, saying his administration would decide which companies operate there. One CEO called Venezuela "uninvestable" without reforms, though analysts said Trump's push faces economic and strategic obstacles.
12 January 2026 · New Era →
Global oil prices remained largely flat after the US military captured Venezuelan President Nicolás Maduro over the weekend, with US crude falling 0.54% to $57.01 per barrel and Brent falling 0.36% to $60.53. Despite Venezuela holding the world's largest proven crude oil reserves, OPEC+ statements indicate the oil market remains balanced with sufficient supply to meet demand.
7 January 2026 · The Namibian →