Energy – News Stand

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…

04 Nov

Africa Oil moves with Venus development

info_e12wt4csEnergy, Observer MoneyFarm Down, Roger Tucker, TotalEnergies EP Namibia project

Ester Mbathera Africa Oil Corp. announced the completion of a strategic farmdown by its investee company, Impact Oil & Gas, in Blocks 2912 and 2913B, known as the Farm Down to TotalEnergies EP Namibia project. The company announced last week that Impact received approximately USD 99 million and retains a 9.5% interest, benefiting from a carry loan to cover remaining costs until the first oil production. Africa Oil president and chief executive, Roger Tucker, said the Farm Down allows the company to retain a funded interest in the Venus development project that is expected to add significant reserves and production…

27 Oct

Green hydrogen revolution driven by strong partnerships

info_e12wt4csEnergy, Observer MoneyGreen Industrialisation Blueprint

Niël Terblanché Namibia’s ambition to lead Africa’s energy transition, aligning with its Green Industrialisation Blueprint has taken another step forward with the visit by Lei Zhang, founder of Envision last week. Collaboration with Envision, a global leader in renewable energy established in China, will boost Namibia on its journey towards becoming a key player in green industrialisation. Zhang met with government officials to explore opportunities to position the country as a major hub for green hydrogen production. During his visit, Zhang engaged with key figures such as Obeth Kandjoze, chair of the Green Hydrogen Council, and Lucia Iipumbu, minister of…

23 Oct

Namibia’s oil industry set for major growth by 2025

info_e12wt4csEnergy, Observer MoneyFinal Investment Decision, Graff-1X well

Oliver Diggle Since Shell's 2022 oil discovery at the Graff-1X well, the Namibia oil sector has gained significant international attention. The prospect of the new industry providing significant local content opportunities and in generating substantial government revenue has provided a degree of hope to a stumbling economy. The probability of ever reaching first oil in a market-enabling economic and judicial state has constantly been debated. However, as more information comes to light, that probably is becoming ever more likely. 2025 is expected to be pivotal for offshore drilling in Namibia, with over a dozen wells planned by companies such as…