Estimated oil reserves in the Orange Basin:11 billion barrels
Estimated gas reserves in the Orange Basin:62.3 bcm
Installed solar PV capacity as of end-2024: 239 MW
Namibia’s electricity generation mix is dominated by hydropower. Its chief asset is the 347-MW Ruacana hydropower plant, and a second plant, the Baynes Hydropower Project on the Kunene River, is under evaluation.
A majority of the country’s electricity supply is imported from neighbouring South Africa. In order to improve self-sufficiency, the government in recent years has taken steps to make the power generation sector more attractive for independent producers, including the horizontal integration of over 70 players into five regional distribution companies.
As of end-2024, Namibia’s installed solar PV capacity stood at 239 MW.
Namibia’s oil and gas sector is attracting worldwide attention following discoveries in the offshore Orange Basin in 2022 and 2023. The basin is estimated to hold 11 billion barrels of light oil and 62.3 bcm (2.2 tcf) of natural gas. Global heavyweights such as TotalEnergies, Chevron, Shell and ExxonMobil are present in the country.
The country’s national integrated oil and gas company is NAMCOR, whose mission is to attract investment by providing world-class data and value for stakeholders. In 2024, the US International Trade Administration projected that Namibia’s hydrocarbons developments could double its GDP by 2040.
Policymakers in Namibia have expressed an interest in developing nuclear power generation. The country’s uranium reserves rank among the world’s top 10.
Matthew Tremblay of the American Bureau of Shipping talks about goal-based standards that help ensure the safe adoption of…
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Rhino Resources has advanced appraisal of its Capricornus discovery, strengthening confidence in the field's potential.
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Quinton Gero of Fugro talks about Africa’s deepwater exploration outlook and the rising demand for data to de-risk offshore…
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Tower Resources has secured final approval for the farm-out of the PEL96 licence offshore Namibia to progress its offshore exploration programme.
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Percy Mellar of DUG Technology talks about the appetite for imaging services in Africa’s mature and frontier basins.
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ReconAfrica has started production testing at the Kavango West 1X discovery onshore Namibia, ahead of a second appraisal well in Q3 2026.
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Fred Silva of Navilog Group talks about the company’s new partnership for offshore services in Angola.
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Tower Resources has identified significant petroleum deposits at its PEL 96 concession on the Walvis basin in Namibia, the UK independent announced on Friday.
The…
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TotalEnergies has renewed the production licence of the offshore OML 130 concession in Namibia for 20 years, the French energy giant announced on Monday.
The block…
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SFL Corporation has signed a contract with Portuguese operator Galp Energy for the lease of a semi-submersible rig for drilling on the PEL 83 concession in Namibia, the…
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QatarEnergy has signed an MoU with Namibia’s Ministry of Mines and Energy for stronger co-operation in the energy sector, the Qatari NOC announced on Sunday.
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QatarEnergy along with its partners have hit Namibia’s third oil discovery at a deepwater well in the south of the country, the Qatari NOC announced on Monday.
The…
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RWE has signed an MoU with Hyphen Hydrogen Energy for the offtake of 300,000 tonnes per year of green ammonia from Namibia to Germany, the German multinational energy…
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Mauro Carvalho, managing partner of FAMAR, talks to The Energy Year about how Angola is positioning itself to become a bunkering hub for transit ships and the…
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US super-major Chevron has signed a deal with Sintana Energy for a majority share in the PEL 90 oil and gas play in the Orange Basin offshore Namibia, the Canadian…
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The war in Ukraine has renewed European interest in investing in African oil and gas projects, according to a report from Reuters.
European energy companies that had…
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Uruguay has awarded three offshore blocks to Shell and APA Corporation in its 2022 bid round, Uruguayan NOC ANCAP announced on Thursday.
Shell was awarded Block…
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