… These include Shell Exploration & Production, TotalEnergies, Chevron Namibia, ExxonMobil, Galp Energia and Rhino Resources. …
Offshore oil, gas sector continues to attract international interestNamibia Minute.
Monday, 11 May 2026
Namibia’s news, on the hour · Est. 2026
Monday, 11 May 2026
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Organization
Rhino Resources
International oil company advancing exploration and development activities in Namibia's Orange Basin, with drilling projects announced for first oil production targeting 2030.
In coverage
Verbatim sentences from the source article.
- May 2026
- April 2026
… Rhino Resources recorded three hydrocarbon discoveries in the Orange Basin, while Galp and its partners advanced appraisal work on the Mopane complex, which is estimated to hold significant oil reserves. …
Namibia’s oil and gas sector advances toward development phase — report… Rhino Resources announced it is preparing to drill the Capricornus well in the coming months, while TotalEnergies is progressing its Venus development toward a mid-2026 final investment decision. …
Namibia fast-tracks oil reformOil majors stay silent Chevron and Rhino Resources have both confirmed further drilling projects for this year, however, none of the oil majors at the Namibia International Energy Conference hinted at a final investment decision. …
Govt hopes oil investment decisions trickle in… Additional discoveries by Rhino Resources and Azule Energy Namibia, including the Capricornus and Volans prospects, further reinforce this potential,” said President Nandi-Ndaitwah. …
Nam pins hope on energy sector … Angola, Namibia ink N$940m power pactThe contractor group of PEL 85 (Rhino Resources, Namcor and Korres Investment) is planning to make a final investment decision in Namibia towards the end of 2027. …
Azule Energy targets 2027 final investment decision in Namibia- February 2026
… Namibia’s upstream momentum has been boosted by preparations for a final investment decision on TotalEnergies’ Venus project expected in 2026, alongside new discoveries by Rhino Resources and Galp Energia. …
Upstream Petroleum Unit to take centre stage at NIEC 2026 as Namibia pushes towards first oil- January 2026
… Rhino Resources plans to further appraisal PEL 85 in 2026, including a well at their Capricornus prospect and a flow test at the nearby Volans discovery. …
Discoveries require renewal of Africa’s upstream infrastructure …potential for sustained expansion promising for states with reserves- January 2025
… In Block 2914A (PEL 85), Rhino Resources (42.5%, operator), Azule Energy (42.5%), Namcor (10%) and Korres (5%) are advancing the Sagittarius-1X exploration well, spudded in December 2024 using the Noble Venturer drillship. …
Oil & gas exploration progressing well – Namcor… Additionally, Rhino Resources, in partnership with Azule Energy, the National Petroleum Corporation of Namibia and Korres Investments are busy drilling the first of two high-impact wells, the ministry says. …
Namibia’s oil aspirations unshaken despite Shell’s US$400-million write-off
Mining & Energy
Namibia's offshore oil and gas sector attracts international exploration interest
The News
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.
8 May 2026 · Windhoek Observer →
Friday 8 May
Namibia's offshore oil and gas sector attracts international exploration interest
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.
8 May 2026 · Windhoek Observer →
Saturday 18 April
Namibia's oil and gas sector advances toward development phase
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 →
Friday 17 April
Namibia accelerates oil sector reforms ahead of first production
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 →
Oil majors confirm drilling but no final investment decisions yet
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 →
Thursday 16 April
Namibia, Angola sign N$940m power transmission interconnector deal
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.
16 April 2026 · New Era →
Azule Energy plans 2027 investment decision in Namibia
Azule Energy, operator of PEL 85, targets a final investment decision by late 2027 and will establish an office in Namibia, with Giovanni Aquilina appointed as managing director for the country.
16 April 2026 · The Namibian →
Friday 6 February
Namibia's new Upstream Petroleum Unit to present at 2026 energy conference
Namibia's newly established Upstream Petroleum Unit will participate in the Namibia International Energy Conference (NIEC) in April 2026 to strengthen investor confidence and signal government commitment to transparent, investment-ready upstream petroleum governance as the country moves toward first oil production.
6 February 2026 · Informanté →
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 →