Also known as: French oil giant TotalEnergies · FRENCH energy major TotalEnergies · TotalEnergies EP Namibia BV · TotalEnergies EP Congo · Total
International oil company operating in Namibia's Orange Basin, facing contract worker backlash over employment terms.
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The Namibian
TotalEnergies has had products handled by Namcor at the facility
“The publication also reported that Namcor recently started handling products imported by other international marketing companies, such as Puma, Engen and TotalEnergies.”
Namcor targets 100% use of N$5,8b oil storage facilityNamibian 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.
13 hours ago · The Namibian →
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.
13 hours ago · The Namibian →
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 →
As Namibia prepares for major oil production starting around 2029, an analyst argues that without deliberate efforts to ensure broad-based prosperity—not just enrichment of a connected elite—the country risks repeating the pattern of oil-dependent economies where wealth concentrates and vulnerability increases when prices fall.
1 July 2026 · The Namibian →
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.
30 June 2026 · Windhoek Observer →
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.
24 June 2026 · The Namibian →
The Economic Association of Namibia will conduct a study measuring how ready Namibian businesses are to engage with the oil and gas sector, with results to be unveiled at this year's oil and gas conference and an official report issued before year-end. A previous August 2024 survey identified capital, bureaucracy, and shortage of skilled people as roadblocks to Namibian business integration in the sector.
16 June 2026 · The Namibian →
Energy minister Modestus Amutse told parliament that international oil trader Vitol was selected to supply fuel to Namibia for three months because it required no government guarantees, whereas state oil company Namcor and other bidders needed guarantees the government was unwilling to provide. Vitol will supply fuel at the basic fuel price the government calculates monthly.
10 June 2026 · The Namibian →
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.
10 June 2026 · The Namibian →
The Namibian Competition Commission has approved a transaction in which TotalEnergies EP Namibia BV and Windhoek PEL 28 BV exchange participating interests in three petroleum exploration licences. The regulator found the transaction resulted in only marginal change in market share and no public interest concerns.
4 June 2026 · The Namibian →
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.
3 June 2026 · The Namibian →
Mathews Hamutenya has denied having political connections to State House or involvement in the government's decision to appoint Vitol as Namibia's sole fuel supplier, though his son recently bought 52 service stations and Hamutenya is a partner in a storage facility with Vitol. The Independent Patriots for Change have linked Hamutenya to what they describe as a "conglomerate at the centre of Namibia's petroleum oil takeover."
2 June 2026 · The Namibian →
Fitch Ratings forecasts Namibia's government debt will rise to 66% of GDP in 2026, with interest payments consuming 18% of government revenue, while affirming the country's BB- sovereign rating with a stable outlook despite high fiscal deficits and weak economic growth.
21 May 2026 · Windhoek Observer →
Namibia's vehicle market slowed in April with total sales falling to 1,320 units from 1,662 units in March, though April sales remained 5.7% higher than April 2025. Analysts at Simonis Storm Securities attributed the decline to a natural unwinding of March's record-breaking performance, which was driven by fleet deliveries and rental sector demand, while noting the year-to-date performance remains strong at 10.6% growth.
19 May 2026 · Windhoek Observer →
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 →
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.
5 May 2026 · The Namibian →
A special advisor to the President said policy alone cannot create a competitive local supplier base; Namibia must instead build skills, standards, and capability to meet international oil companies' procurement requirements. President Nandi-Ndaitwah announced Cabinet approval of an upstream local content policy designed to ensure petroleum development delivers socio-economic benefits to citizens.
22 April 2026 · Namibian Sun →
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 →
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 →
TotalEnergies Vice President Mike Sangster met with President Netumbo Nandi-Ndaitwah to brief her on advances in the Venus offshore oil discovery, which the company expects will create about 5,000 direct and indirect jobs during construction. The company has submitted development plans to Namibian authorities and targets a final investment decision in mid-2026, though the project faces significant technical challenges including 3,000 metres water depth and location 320 kilometres from the coastline.
17 April 2026 · New Era →
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 →
Red Soil Energy has appealed to the Supreme Court over the mines ministry's 2021 rejection of its petroleum exploration licence application for four offshore oil blocks. The company claims it was treated unfairly and differently from competing applicants, while the minister argues the application was incomplete and lacked required financial documentation.
16 April 2026 · The Namibian →
TotalEnergies announced a hydrocarbon discovery on the Moho license offshore the Republic of Congo, with an estimated 160-meter hydrocarbon column in high-quality reservoirs. The Moho G discovery, combined with the previously discovered Moho F structure, represents approximately 100 million barrels of recoverable resources planned for development via tieback to existing facilities.
14 April 2026 · New Era →
Breakwater Offshore Services and Investments, a Namibian-owned company, has secured international standards certifications valid until March 2029, positioning it to support oil and gas exploration in Namibian waters alongside international operators. The company provides marine support services including towing, subsea engineering, offshore supply, and refuelling.
11 April 2026 · The Namibian →
Canadian energy company Sintana Energy announced that the Mopane complex's oil resources have been upgraded to 1.38 billion barrels of oil equivalent, a 57% increase from the previously estimated 875 million barrels, based on Galp Energia's latest assessment.
2 April 2026 · The Namibian →
Motorists queued at service stations across Namibia yesterday to fill up before fuel prices rise by N$2.50 per litre for petrol and N$4 per litre for diesel on 1 April, prompting panic buying, hoarding, and complaints that wholesalers are withholding contracted supplies to profit from higher prices. The government says sufficient stocks exist and has reduced levies by 50%, but restrictions on bulk purchases by retailers like Agra are disrupting farming operations.
2 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 →