Also known as: French oil giant TotalEnergies · FRENCH energy major TotalEnergies · TotalEnergies EP Namibia BV · TotalEnergies EP Congo
French energy company developing Venus and Mopane oil fields offshore Namibia, targeting production by 2030–2032.
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 →
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 →
Namibia's National Oil Storage Facility, a N$6.5 billion investment in Walvis Bay designed to hold 75 million litres of fuel, is undergoing policy reforms to establish market-related tariffs and attract local entrepreneurs to its storage capacity. The facility aims to balance its role as a strategic energy buffer against global supply disruptions with expanded commercial participation and improved operational sustainability.
27 March 2026 · New Era →
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.
25 March 2026 · New Era →
Namibia's 2026/27 budget reflects finance minister Ericah Shafudah's fiscal caution as the country awaits a final investment decision on TotalEnergies' Venus oil project, expected mid-2026. Economist Robin Sherbourne described the budget as a "holding operation" in a constrained economic outlook, though he warned that reduced development spending may limit growth despite the budget's focus on "People, Productivity and Prudence."
23 March 2026 · The Namibian →
Prime Minister Elijah Ngurare assured the business community that Namibia will not run out of fuel, as only 20–30 per cent of fuel imports come from the Middle East, with most sourced from Nigeria, India, and Europe. The country maintains a three-month fuel supply, and fuel tankers are expected to have arrived by now, he said.
22 March 2026 · The Namibian →
Brazilian oil company Petrobras said it holds no current Namibian assets following a courtesy visit to government officials, though it and TotalEnergies are bidders for a 42.5% stake each in a petroleum exploration licence in the Lüderitz Basin, pending regulatory approval.
21 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 →
Angola has launched full production at the Quiluma offshore gas field, marking the country's first development of a non-associated gas field and positioning it as a major LNG supplier to Europe and Asia. Operating at full capacity, the field is expected to produce approximately 330 million cubic feet of gas per day, or around 2 million tonnes of LNG annually.
18 March 2026 · New Era →
As global oil prices surge amid geopolitical instability in the Middle East, Namibia's National Oil Storage Facility provides strategic defence against supply disruptions and fuel price volatility. With 75 million litres capacity and three months of strategic reserves, the facility operated by Namcor centralises fuel imports and distribution while the National Energy Fund cushions consumers from rising global prices.
18 March 2026 · New Era →
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 →