… TotalEnergies, the operator, holds a 40% interest, QatarEnergy holds 30% interest and the Namibian state oil company Namcor, holds a 10% stake. …
TotalEnergies commits N$5,7b to Namibian oil sectorNamibia Minute.
Monday, 11 May 2026
Namibia’s news, on the hour · Est. 2026
Monday, 11 May 2026
Windhoek—:—London—:—New York—:—Beijing—:—
Organization
QatarEnergy
Also known as: Qatar Petroleum
In coverage
Verbatim sentences from the source article.
- February 2024
- April 2023
… Namcor is the government’s vehicle in major oil discoveries off the coast of Namibia, including the three oil discoveries linked to oil companies Shell, QatarEnergy and Chevron. …
Namcor probes Mulunga for feeding media, defending finance executive… Namcor is currently the government’s vehicle in major oil discoveries off the coast of Namibia – including being part of three oil discoveries linked to oil companies Shell, QatarEnergy and Chevron.
Namcor suspends Mulunga
Mining & Energy
Namibia struggles to convert oil wealth into local jobs and control
The News
Namibia's offshore oil is legally owned by investors with 90%, while the state receives revenue through taxes and royalties, limiting the country's control over development decisions and ability to secure local benefits. President Nandi-Ndaitwah has positioned the delayed petroleum amendment bill as critical to strengthening the state's bargaining position on local content, job creation, and value retention, though fundamental investor control over operations cannot be altered.
Why it matters
Namibia's struggle to capture local benefits from offshore oil wealth underscores the strategic importance of the pending petroleum amendment bill.
25 April 2026 · Namibian Sun →
Saturday 25 April
Namibia struggles to convert oil wealth into local jobs and control
Namibia's offshore oil is legally owned by investors with 90%, while the state receives revenue through taxes and royalties, limiting the country's control over development decisions and ability to secure local benefits. President Nandi-Ndaitwah has positioned the delayed petroleum amendment bill as critical to strengthening the state's bargaining position on local content, job creation, and value retention, though fundamental investor control over operations cannot be altered.
25 April 2026 · Namibian Sun →
Wednesday 1 April
Namibia reviews TotalEnergies' Venus oil development plan
The Namibian government has begun reviewing a field development plan from TotalEnergies for the Venus oil project, a key step toward formal negotiations and investment approval. The project is projected to generate between N$127 billion and N$229 billion in government revenue over 25 years, potentially accounting for 7.9% to 14.2% of total government income.
1 April 2026 · The Namibian →
Monday 16 February
TotalEnergies expands in Namibia with Mopane field stake
French oil giant TotalEnergies has announced a deal with Galp to enter the Mopane field off Lüderitz with a 40% stake, complementing its 35.25% stake in the Venus field. The company plans to develop both fields as part of a multi-FPSO hub, with potential combined oil production of up to 350,000 barrels per day by 2030–2032.
16 February 2026 · The Namibian →
Friday 13 February
Libya awards first foreign oil licences since Gaddafi's fall
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 →
Tuesday 10 February
Energy Minister: TotalEnergies deal broke Namibia's approval requirements
Namibia's Minister of Industries, Mines and Energy expressed concern that TotalEnergies and Galp Energies failed to obtain prior government approval before announcing their acquisition of oil interests in PEL83 (Mopane discovery) and PEL56 (Venus discovery), despite such approval being legally required.
10 February 2026 · Informanté →
Tuesday 3 February
TotalEnergies and Galp reshape Orange Basin operatorship
TotalEnergies and Galp have announced a partnership reshaping operatorship of key offshore licences in Namibia's Orange Basin, with TotalEnergies taking over PEL 83 (Mopane) and Galp acquiring interests in PEL 56 and PEL 91 (Venus). The companies briefed President Nandi-Ndaitwah on their long-term commitment to developing these discoveries responsibly while creating jobs and economic benefits for Namibians.
3 February 2026 · New Era →
TotalEnergies, Galp brief president on offshore petroleum partnership
TotalEnergies and Galp Energia met President Netumbo Nandi-Ndaitwah to update her on their December agreement involving offshore petroleum licences, with TotalEnergies taking operatorship of the Mopane discoveries and Galp entering the Venus project. Both companies outlined expected contributions to employment and local industry participation, with Venus development projected to generate N$127–229 billion over 25 years.
3 February 2026 · The Namibian →
Friday 9 January
Oil discoveries position Namibia as African exploration frontier
Recent major offshore oil and gas discoveries in Namibia's Orange Basin since 2022 are attracting global investment and generating optimism across African upstream energy sectors, with additional drilling campaigns and exploration planned for 2026 and beyond to confirm commercial viability and advance development.
9 January 2026 · New Era →