Energy – News Stand

21 Apr

Venus Oil Project enters environment study phase

info_e12wt4csEnergy, Observer Money

Ester Mbathera The Venus Oil Project, located offshore in Block 2913B, has entered its environmental and social impact assessment (ESIA) phase as TotalEnergies EP Namibia B.V. and its joint venture partners NAMCOR and QatarEnergy move ahead with plans to start oil production. The Venus Field lies approximately 290 kilometres southwest of Lüderitz, in waters around 3 000 metres deep. The proposed development involves drilling up to 40 subsea wells, installing supporting infrastructure, and deploying a floating production storage and offloading vessel (FPSO) to process and store the extracted oil. The FPSO will offload oil to tankers for export, while supply…

16 Apr

Andrada announces Uis exploration drilling results

info_e12wt4csEnergy, Observer Money

CHAMWE KAIRA Andrada Mining Limited has announced initial drill results from 13 proximal pegmatites located within the Uis Tin Mine licence area (ML134) in Namibia’s Erongo Region. The company said the results reaffirm the scale and quality of mineralisation across the site and support its goal of expanding the production of tin, lithium, and tantalum—minerals critical to the global energy transition. These pegmatites are within a 3km radius from the existing processing plant at the Uis Tin Mine and constitute part of a swarm comprising approximately 180 mineralised pegmatites identified to date within the license area. The ongoing programme covering…

14 Apr

Opposition demands answers about N$100 million Angolan petroleum deal

info_e12wt4csEnergy, Main

Allexer Namundjembo Opposition political parties are demanding full public disclosure and accountability over the unexplained disappearance of N$100 million linked to a controversial oil and gas project, known as "the Transaction", in Angola Block 15/06. The project involves the National Petroleum Corporation of Namibia (NAMCOR) and other partners. More than a year after the Anti-Corruption Commission (ACC) launched an investigation, no official report has been made public. The Landless People’s Movement (LPM), through its spokesperson, Lifalaza Simataa, describes the situation as a pattern of state-owned entities mishandling public funds without consequences. “Large sums of money suspiciously not being recovered, going…

27 Mar

Media and civil society to drive green economy oversight

info_e12wt4csEnergy, National News

Herrta-Maria Amutenya Media and civil society will play a key role in monitoring Namibia’s transition to a green economy under a new initiative called the Eco Dialogue Collective. The project, funded by the European Union and German Development Cooperation, will run from 2025 to 2027. It aims to improve transparency and accountability in managing natural resources such as green hydrogen, oil, and gas. Peter Limbourg, Director General of Deutsche Welle (DW), said the project goes beyond sharing facts. “Namibia has an abundance of natural resources and precious ecosystems that need protection. But it also faces the effects of climate change…

10 Mar

Green Hydrogen Programme open to criticism

info_e12wt4csEnergy, Featured, National News

Allexer Namundjembo The Namibia Green Hydrogen Programme (NGHP) welcomes constructive criticism regarding the industry. NGHP spokesperson, Jona Musheko said this on Monday following an incident involving veteran journalist Jemima Beukes, who is being disciplined by her employer, Namibia Media Holdings (NMH) for excessively negative reporting on last year’s Global African Hydrogen Summit. Musheko said the organisation has not issued any directives on how journalists should report on green hydrogen initiatives. “We have not issued any formal complaints regarding the journalist in question or any other reporters. Furthermore, we have no concerns regarding perceived negative reporting on the sector,” said Musheko.…

25 Feb

More oil discovered in Namibia’s Orange Basin

info_e12wt4csEnergy, Observer Money

Niël Terblanché Custos Energy (Pty) Ltd. has reported a successful second exploration and appraisal campaign in the Orange Basin, specifically in blocks 2813A and 2814B on Tuesday These blocks, governed by Petroleum Exploration License 83 (PEL 83), are operated by a subsidiary of Galp Energia, SGPS, S.A., with Custos and the National Petroleum Corporation of Namibia (NAMCOR) each holding a 10% working interest. The chief executive officer of Custos Energy, Knowledge Katti, announced that the PEL 83 Joint Venture partners have successfully drilled, cored, and logged the Mopane-3X well, which commenced on 2 January 2025. Located 18 kilometers from the…

09 Jan

Shell fires warning shots

info_e12wt4csEnergy, Featured, Observer Money

EKKEHARD FRIEDRICH Today Shell wrote down their reserves in PEL39 offshore Namibia by USD 400m stating that it can not be commercially developed. Warning shots have been fired. With inaction to commit to developing adequate onshore support infrastructure, the generally slow administrative pace, and uncertain (and increasingly restrictive) policies, the cost of development of Namibia’s intricate ultra-deep offshore fields becomes increasingly prohibitive (which of course decreases the net present value of the reserves and leads to write-downs). Let us be clear, Namibia’s offshore fields are extremely challenging in the first place and there is a very real risk that oil…

01 Dec

Custos Energy achieves milestone in Orange Basin oil exploration

info_e12wt4csEnergy, National News

Allexer Namundjembo Custos Energy (Pty) Ltd has announced another milestone in its oil exploration and appraisal campaign on Blocks 2813A and 2814B, situated in the Orange Basin. The Orange Basin, recognised as one of the world’s most promising oil and gas frontiers, continues to unveil its vast potential. Walvis Bay-born businessman Knowledge Katti, who is the chairman and CEO of Custos, expressed the company’s enthusiasm about the findings. “The continuing progress on PEL 83, including the results from the Mopane-1A appraisal well, further unveil the potential and quality of the Mopane complex,” he said. The well was spud on October…

21 Nov

Uranium demand to increase

info_e12wt4csEnergy, Observer Money

CHAMWE KAIRA Australia-based uranium production company Deep Yellow, which has forecast that the world’s uranium requirements in the late 2030s and early 2040s will reach between 250 million pounds of uranium oxide and 300 million pounds. In 2023, global production was 150 million pounds. Deep Yellow is developing the Tumas project in the Erongo Region. Managing director John Borshoff noted that there have been no new production mines around the world, despite the spot price ranging from $78 to $106 per pound. He further pointed out that the political situation in Russia, Niger and Kazakhstan presents supply growth uncertainty. In…

07 Nov

Oil discoveries throw Namibia into spotlight

info_e12wt4csEnergy, Observer Money

CHAMWE KAIRA The recently discovered oil fields offshore Namibia could potentially be one of the last big oil and gas discoveries in the world. Laurent Ruseckas, executive director, gas industry, Europe, the Middle East and Africa at S&P Global told Observer Money that Namibia maybe the last oil and gas giant find to be discovered. Namibia has become an oil exploration hotspot after several discoveries by oil majors including Shell and Total estimated at 2.6 billion barrels. He added that large fields are economic to manage because the unit prices are low. Ruseckas is a specialist on gas markets, gas…