insert_link Business / Economics Lion Oilfield Services Invests in Local Skills Lion Oilfield Services is placing a strong emphasis on developing local talent as the country moves closer to commercialising its offshore oil and gas sector. The company prioritizes skills development, advanced technology, and community reinvestment, while Petroleum Commissioner Maggy Shino stresses the need to build local capacity. Paulo Coelho, Business and Communications Executive for Lion Oilfield Services Namibia: today18 December, 2025
insert_link Business / Economics NamCor Engages Stakeholders on Offshore Venus Project NamCor and its partners are conducting the second consultation for the Environmental and Social Impact Assessment of the Offshore Venus Field, located 320 kilometers southwest of Lüderitz. NamCor's Paulo Coelho emphasized that the engagement is part of Namibia’s legal environmental assessment requirements and seeks to involve communities and stakeholders in evaluating potential project impacts. today24 October, 2025
insert_link Business / Economics Volans-1X Well Yields New Hydrocarbon Find The Volans-1X well in the Orange Basin produced the National Petroleum Corporation’s third hydrocarbon discovery, uncovering 26 metres of rich gas-condensate reservoirs. The find, made alongside partners Rhino Resources, Azule Energy, and Korres Investments, follows earlier discoveries at Sagittarius-1X and Capricornus-1X, says Paulo Coelho, Manager of Marketing, Communications, and Public Relations at NamCOR. today2 October, 2025
insert_link Business / Economics BW Energy, NAMCOR Secure Rig for Kudu Gas Drilling BW Energy and NAMCOR E&P have secured the Deepsea Mira rig to drill the Kharas appraisal well on the Kudu licence in the Orange Basin. Scheduled for the second half of 2025, the drilling is part of a rig-sharing arrangement designed to boost local content. NAMCOR spokesperson Paulo Coelho said the move is a vital step toward developing the Kudu gas field and improving the country’s energy independence. today30 July, 2025
insert_link Business / Economics NAMCOR Works to Overcome Financial Losses and Governance Issues NAMCOR says the company is addressing serious financial challenges and governance failures, particularly in its trading division. Spokesperson Paulo Coelho says that despite revenue growth, losses reached N$1.3 billion in 2023, leading to a government bailout and ongoing efforts to strengthen controls, reduce debt, and improve transparency. today7 July, 2025
insert_link Namibia Armed robbers steal N$100,000 from Namcor filling station in Katutura Namcor filling station in Soweto, Katutura Five armed robbers targeted the National Petroleum Corporation of Namibia (Namcor) filling station in Soweto, Katutura on Monday morning, making off with approximately N$100,000. While the criminals managed to escape in a getaway vehicle, police quickly apprehended one suspect at the scene. Namcor’s Manager of Marketing, Communication, and Public Relations, Paulo Coelho, shared an update on the incident. Manager of Marketing, Communication, and Public […] today29 April, 2025
insert_link Business / Economics NAMCOR Completes Drilling of Sagittarius-1X Well The National Petroleum Corporation and its partners have completed drilling the Sagittarius-1X exploration well in Block 2914 of the Orange Basin. NAMCOR’s Manager of Marketing, Communications, and Public Relations, Paulo Coelho: indicates that drilling began on 18 December 2024 using the Noble Venturer drillship and reached total depth on 6 February 2025. today19 February, 2025
insert_link Business / Economics NAMCOR Expands Oil Exploration in Orange Basin The National Petroleum Corporation has announced plans to drill four new exploration and appraisal wells in the Orange Basin, between later this year and early 2025. Working with joint venture partners, NAMCOR aims to build on recent successful oil discoveries and data from advanced seismic surveys. The corporation's Paulo Coelho: today13 November, 2024
insert_link Namibia NamCor Terminates Managing Director Immanuel Mulunga’s Contract The National Petroleum Corporation of Namibia and its Board of Directors have announced the immediate termination of Managing Director Immanuel Mulunga's contract. NamCor's Manager of Marketing, Communications, and Public Relations, Paulo Coelho, provided the details. today9 August, 2024
