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Orange Basin

6 Results / Page 1 of 1

Background

Business / Economics

About 10 billion barrels of oil discovered off Namibia’s coast

An estimated 10bn barrels of oil has been discovered in Namibia, Portuguese oil company Galp Energia has said. The company told Bloomberg News that it had made the potential find after concluding its first phase of oil exploration in the Mopane field off Namibia's coast. Vast oil and gas reserves have been discovered in Namibia's Orange Basin, where Mopane is located, in recent years. Namibia is eyeing an entry into […]

todayApril 22, 2024 65

Business / Economics

Namibia may tap its trillion dollar oil & gas windfall to fuel renewables ambitions.

    By Bonface Orucho, bird story agency   Namibia has been advancing extensive oil and gas exploration, and making substantial discoveries. Portuguese oil and gas company recently announced another discovery of “a significant column” of light oil in high-quality reservoirs. A press statement from Galp on March 15, confirmed the find at the Mopane-2X well in the larger Orange Basin, off the Namibian Coast, adding to its oil discovery […]

todayMarch 20, 2024 6

Local

NIEC 2024: Unveiling the Future of Energy in Namibia with Premier Sapphire Sponsors RMB, Shell, and Chevron

The Namibia International Energy Conference (NIEC), renowned as “The gathering” for energy sector deliberations in Namibia, proudly announces its Sapphire sponsors for the upcoming 2024 conference: RMB, Shell, and Chevron. This collaboration underscores the pivotal role of sponsorship in steering the conversations and innovations that will chart the future course of Namibia's energy sector. Selma Shimutwikeni, the founder of RichAfrica Consultancy and convener of the NIEC, extends a heartfelt thank […]

todayMarch 11, 2024 27

Local

Namcor announces significant oil discovery in block 2813a (pel83), orange basin, offshore Namibia

The National Petroleum Corporation of Namibia; NAMCOR with 10% carried interest, in conjunction with its partners Galp Energia (80%, operator) and Custos (10%), is excited to announce a significant oil discovery in the Mopane-1X exploration well, situated in the PEL83, Orange Basin, offshore Namibia. Following the initial announcement on January 2, 2024, PEL 83 JV partners have now confirmed the discovery of a substantial column of light oil in high-quality, […]

todayJanuary 10, 2024 4

Business / Economics

Chevron finds contractor to undertake an environmental and social impact assessment

Chevron has contracted SLR Environment Consulting to undertake an environmental and social impact assessment for an oil exploration project in the Orange Basin. The impact assessment project leader, Nicholas Arnott, says the exploration project will continue to the development phase should the company find a substantial deposit of hydrocarbons in block 2813B. The purpose of the project is to drill exploratory wells to assess the potential to develop oil and […]

todayNovember 20, 2023

Local

Unlocking Namibia’s Oil and Gas Potential: Insights from African Energy Week 2023 Presentation by Namcor

Namibian national oil company Namcor is progressing plans to further develop the country’s oil and gas sector to meet ongoing energy demands and to eradicate energy poverty, with the company settings its sights on drilling two gas and oil wells in collaboration with international oil companies in the fourth quarter of 2023 and into the first quarter of 2024. Namcor holds a unique position as both an upstream and downstream […]

todayOctober 19, 2023 4

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