… TotalEnergies EP Namibia, a subsidiary of the French oil giant, is one of the front runners in developing Namibia’s offshore oil finds in the Orange Basin. …
… He highlighted the Orange Basin as one of the world’s most promising new energy frontiers, saying its development should go beyond oil and gas extraction. …
… The historic offshore discoveries in the Orange Basin have placed the nation on the global energy map, drawing interest from international oil companies (IOCs), global Tier-1 contractors, and foreign investors. …
… She also promoted Namibia’s emerging oil and gas sector, pointing to recent offshore discoveries in the Orange Basin as evidence that the country is becoming a major destination for hydrocarbon exploration. …
… The historic offshore discoveries in the Orange Basin have placed the nation on the global energy map, drawing interest from international oil companies, global Tier-1 contractors and foreign investors. …
… Rhino Resources Namibia Ltd, operator of the PEL 85 Joint Venture, said the appraisal well was drilled in the eastern section of the Capricornus fairway in Block 2914 in the Orange Basin, offshore Namibia. …
… For the Venus and Mopane offshore petroleum developments, elevated prices are paradoxically positive: they improve the economics of Namibia’s Orange Basin discoveries and increase the probability of TotalEnergies’ FID (expected August 2026). …
… h, expand the Petrofund’s mandate and budget to co-fund SME journeys toward International Organisation for Standardisation 9001 certification, bridge working capital gaps for businesses waiting on payment cycles, and run procurement readiness training aligned to what Orange Basin …
… Namibia’s real task is not simply to celebrate the Orange Basin, but to govern it before momentum hardens into habit.And discovery is not the achievement. …
Namibian contract workers on TotalEnergies' offshore oil project say they were handed new employment terms on a 'take-it-or-leave-it' basis with no room to negotiate, citing concerns about no pension, limited medical aid, and years without salary increases. TotalEnergies and recruitment firm Apos deny wrongdoing, saying the new terms improve pay and benefits.
Namibian contract workers on TotalEnergies' offshore oil project say they were handed new employment terms on a 'take-it-or-leave-it' basis with no room to negotiate, citing concerns about no pension, limited medical aid, and years without salary increases. TotalEnergies and recruitment firm Apos deny wrongdoing, saying the new terms improve pay and benefits.
South African President Cyril Ramaphosa called on Namibia and South Africa to move beyond exporting raw materials, saying the two countries must stop "exporting opportunities while importing prosperity" and instead build regional value chains through beneficiation and industrialisation to create employment.
Namibia's rapid rise in the global energy market, driven by historic offshore discoveries in the Orange Basin, positions the nation to compete on local-content grounds.
Namibia's offshore oil discoveries have attracted global interest, but international companies must embrace partnership, transparency, and shared progress rather than transactional models, with strict adherence to local taxation and labor laws required by the Ministry of Mines and Energy and NAMCOR.
The Minister of International Relations called on Chinese businesses to deepen investment in Namibia, specifically in mineral beneficiation, critical minerals processing, hydrocarbon exploration, renewable energy, and infrastructure development during the Namibia–China Business Forum in Shanghai.
Namibia's offshore oil discoveries have attracted international interest, but the country is enforcing strict local content requirements and regulatory compliance to ensure sustainable development and shared national progress. International companies must adhere to Namibian taxation and labour laws as a foundational requirement for operations.
RHINO Resources' Capricornus-1A appraisal well offshore Namibia has confirmed an oil-bearing reservoir connected to the previously discovered Capricornus-1X well, providing evidence of reservoir continuity in the Capricornus discovery in Block 2914 of the Orange Basin.
Crude oil is the single most important commodity for Namibian macroeconomic conditions. Global oil price surges—driven by Middle East disruptions and supply constraints—cascade quickly into domestic fuel price increases, as demonstrated by April-May 2026 fuel price hikes of 19.9% for petrol and 43.9% for diesel.
As Namibia prepares for offshore oil production, the government must formalize and gazette the National Upstream Petroleum Local Content Policy (finalized in March 2025) to ensure Namibian businesses and workers benefit from the sector. The article uses a kitchen analogy to argue that formal rules—modeled on lessons from Brazil and Norway—are essential for Namibia to build generational wealth from its oil resources.
An opinion piece argues that Namibia's real task is not to celebrate oil discoveries in the Orange Basin, but to develop the institutional, technical, and commercial discipline needed to govern them before project momentum shapes outcomes. Discovery creates only the possibility of achievement; the state must understand what resources it has found and govern them effectively before bad habits harden.
Prime Minister Elijah Ngurare has defended the Petroleum (Exploration and Production) Amendment Bill, saying it is necessary to safeguard Namibia's oil and gas industry and manage petroleum resources in the national interest. Ngurare urged lawmakers to put aside political differences and support the legislation, citing the unanimous bipartisan passage of the original Petroleum Act in 1991, while noting that debate has focused on criticism of placing the Upstream Petroleum Unit under the Presidency rather than on how citizens will benefit from newly discovered resources.
Before investing in Namibia's Orange Basin, international oil companies assess not just geology but also government factors, with fiscal stability—assurance that tax rates and cost-recovery rules will not change—being the single most important requirement.
Shell, alongside partners QatarEnergy and Namcor, announced an oil discovery from the Merlin-1X exploration well in PEL 39 in the Orange Basin. Namcor said the well has delivered good reservoir quality, light oil and limited associated gas, making it the best result of ten wells drilled in the licence so far.
As TotalEnergies and other companies approach final investment decisions on Orange Basin projects before 2026, the oil and gas sector will begin broad procurement across raw materials, infrastructure, and services. However, most Namibian small and medium enterprises are not yet positioned to compete for these opportunities.
Namibia's offshore oil and gas sector continues to draw international interest, with a hydrocarbon licence map showing growing exploration activity across coastal basins and frontier areas. Multiple international oil companies hold exploration licences, with newly allocated blocks involving companies such as Baobab Energy, Elephant Oil, and others, while the offshore Orange Basin remains the main focus following recent major oil discoveries.
Recent oil and gas discoveries in the Orange Basin, with an over 80% exploration success rate, position Namibia to avoid reliance on imported fuel and build local refining capacity—a lesson highlighted by recent fuel price shocks tied to Middle Eastern conflicts.
Economist Almandro Jansen argues that Namibia's emerging oil, gas and mineral wealth could drive long-term economic transformation or deepen structural challenges depending on governance and institutional reform. Singapore transformed from a low-income economy (US$500 GDP per capita in 1965) into a high-income hub (exceeding US$100,000 by 2025), while Namibia has reached upper-middle-income status with roughly US$5,000 GNI per capita but remains constrained by high unemployment, limited diversification, and rising fiscal pressures.
Petrofund, Namibia's Petroleum Training and Education Fund, has commenced a two-day workshop to help Micro, Small, and Medium Enterprises understand opportunities and global standards required by International Oil Companies in the oil and gas sector. Minister Modestus Amutse emphasised that the initiative aligns with the government's strategy to increase MSME contribution to the national economy from 16% and noted that local capacity development is critical as Namibia approaches its first Final Investment Decision.
Acting judge David Mangota ruled that Zambezi Exploration's urgent application to restrain the minister of industries, mines and energy from implementing a decision about a petroleum exploration licence for block 2812A did not meet the requirements to be heard as urgent, finding the urgency was self-created because the company delayed action after learning of a rival's relinquishment in January 2023. The judge ordered Zambezi Exploration to pay the legal costs of the minister and Vena Gemstones & Mining, the company that was awarded the licence.
Namibia's emerging Orange Basin oil and gas discoveries require strong regulatory and policy frameworks before commercial development momentum becomes difficult to redirect. The country must develop technical regulatory strength, clarify its fiscal regime, and build credible local content systems before major projects are sanctioned, drawing lessons from Guyana, Trinidad, Mozambique and other petroleum states.
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.
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.
Shell has drilled 25 exploration wells in Namibia's Orange Basin over four years, a company record. The company's VP for exploration said this milestone reflects improved operational conditions under President Netumbo Nandi-Ndaitwah's leadership.
Namibia and Angola signed a power purchase agreement and joint development agreement for the Angola-Namibia Power Transmission Interconnector Project (ANNA), estimated to cost about N$941 million and scheduled for completion in 2029. The 166-kilometre transmission line will link the Kunene substation in Namibia to the Cahama substation in Angola, with an initially projected capacity of up to 500 MW to enhance power system reliability and regional energy trade.
Namibia will host the 8th Namibia International Energy Conference in April 2026, with President Netumbo Nandi-Ndaitwah expected to open the event. The conference theme, "The Road to First Oil & Beyond: Partnership, Investment, Growth," will focus on turning offshore oil discoveries in the Orange Basin into economic value for Namibians and supporting broader economic development across multiple sectors.
According to Africa Provider Offshore Services CEO Veronique Herman, Namibia should leverage its oil and gas discoveries to build economic sovereignty by ensuring local ownership and participation, maintaining strict compliance with Namibian laws, and fostering collaboration among domestic companies to keep wealth and expertise within the nation.
Petrovena Energy has been issued an award letter to enter into a petroleum agreement and be granted a licence for oil block 2812Ab in the Orange Basin, according to its Canadian partner Oregen Energy. If granted, Petrovena will expand its presence in the basin near existing discoveries of Venus and Mopane, while Oregen considers investing in Petrovena to gain access to the block.
Energy company TotalEnergies has agreed to exit US offshore wind development, relinquishing two leases and receiving refunds under a settlement with the US Department of the Interior. The company will redirect its investment into US gas and power projects, citing offshore wind's high costs and potential to increase electricity prices.
Bank Windhoek's acting executive officer of specialist finance noted that the coast now accounts for around 20% of Namibia's housing transactions, driven by lifestyle migration, tourism investment, and rental market growth. He flagged constraints including affordability challenges and supply limitations, and called for collaboration to expand housing supply and align investment with infrastructure as offshore oil and gas activity reshapes coastal property dynamics.
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.