French energy company TotalEnergies has made a “massive” oil discovery on its block off the Namibian shore – another block in which the National Petroleum Corporation of Namibia (Namcor) owns Continue Reading
Encouraging well results; more exploration planned Partners still trying to determine resource potential Drilling activity in Namibia picking up steadily Energy major Shell has confirmed a light oil discovery at Continue Reading
Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations While all recent oil exploration attention has been on Exxon’s ( massive string Continue Reading
Onshore oil discoveries are pretty much a thing of the past. The last time anyone got remotely excited about one was in 2017, when giant Repsol discovered 1.2 billion barrels Continue Reading
With evidence of an active petroleum system now confirmed after two test wells in Namibia’s 6.3-million-acre Kavango Basin, the game is afoot with 2D seismic and a 6-well exploration drilling Continue Reading
Namibia has every right to celebrate. It’s never produced a barrel, but now, its Kavango Basin test wells have hit hundreds of meters of oil. And the junior exploration company Continue Reading
No oil discovery narrative appears to have captured investor attention this year as much as Reconnaissance Africa’s ( TSXV:RECO , OTC:RECAF ) acquisition of the rights to Namibia’s giant, 6.3-million-acre Continue Reading
A small Canadian oil explorer may have shocked the industry this year when it published initial results that pointed to the potential of a giant oil discovery in Namibia’s Kavango Continue Reading
What we think is shaping up to potentially be the last great onshore oil discovery in the world has just announced encouraging results in the first section of its second Continue Reading
After very promising results on their first well in Namibia’s giant Kavango basin, global attention has turned to this small Canadian explorer as it drills its second well in a Continue Reading
This is a well you don’t want to miss. In Namibia, an African venue that is being set up as the scene of the world’s next—and possibly last—major onshore oil Continue Reading
If there’s one thing three of the world’s most prominent geologists, geochemists and drill completion experts agree on it’s this: Namibia’s Kavango Basin could end up being the last major Continue Reading
Two and a half decades ago, Nick Steinsberger invented what is now the modern-day frack in the Barnett shale. Now, the petroleum engineer extraordinaire is tasked with proving up untold Continue Reading
As we approach the climax of a potentially enormous Permian-style discovery in the opening of Namibia’s giant, deep Kavango Basin, internationally acclaimed geochemist Daniel Jarvie explains in an exclusive interview Continue Reading
OPEC member Angola’s southern neighbor, Namibia, could be a focal point with a quarter-million barrels of potential reserves, an Atlantic-focused company said. Atlantic-focused Chariot Oil & Gas Ltd. had little Continue Reading
(Bloomberg) — The plunge in crude prices to below $50 a barrel has curbed oil and gas explorers’ plans for drilling in Namibia next year, the country’s petroleum commissioner said. “We have at least three majors which have indicated to us that they will be drilling in 2016, Immanuel Mulunga said by phone on Thursday from the capital, Windhoek. ‘‘I am more confident of three instead of five or six’’ announced last year, he said. While Namibia was interesting to explorers ‘‘way before’’ oil rose to $100 a barrel, ‘‘the current trend is worrying,’’ Mulunga said. Explorers are cutting back or delaying projects and drilling plans after crude plunged more than 50 percent since June. Basins off Namibia have attracted attention from the world’s biggest oil explorers on a bet that the southwest African nation’s coastal shelf may mirror that of Brazil across the Atlantic and neighboring Angola, the […]
Namibia sees as many as five oil exploration wells being drilled in 2016 as companies searching for deposits off the southwest African coast are undeterred by 19 dry wells. Tullow Oil Plc (TLW) and Royal Dutch Shell, which has two exploration blocks in the Orange River Basin, will probably sink wells in 2016, Namibia’s Petroleum Commissioner Immanuel Mulunga said. Murphy Oil Corp. (MUR) may drill toward the end of 2015 or early 2016, he said. “In 2016 we might have three to five wells being drilled,” Mulunga said in a phone interview in Windhoek yesterday. “There could be some other players which might also drill during that same time,” he said, citing HRT Participacoes em Petroleo SA (HRTP3) , Serica Energy and Chariot Oil & Gas. (CHAR) Basins off Namibia have attracted attention from the world’s biggest oil explorers on a bet the nation’s coastal shelf may mirror that […]
