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McDermott, PETROFUND sign agreement to develop Namibia’s oil and gas workforce

The partnership will align academic and industrial training with international standards, offering Namibian students, job seekers, and service providers access to education, mentorship, and employment opportunities. The initiative aims to strengthen local capacity across technical disciplines including engineering, fabrication, operations, and project management, supporting the development of Namibia’s offshore energy resources.

Rhino confirms high-liquid gas condensate discovery at Volans-1X offshore Namibia

Rhino Resources Namibia Ltd. has confirmed a significant gas condensate discovery at the Volans-1X exploration well in Block 2914A, offshore Namibia’s Orange basin. The find represents the company’s third consecutive hydrocarbon discovery on Petroleum Exploration License 85 (PEL 85), where Rhino holds a 42.5% operating interest.

Canadian investment firm expands stake in Namibia’s Orange Basin as exploration momentum builds

The company increased its ownership in WestOil Limited to 48.5%, giving it a 33.95% indirect working interest in Block 2712A, a 5,484 km² license in the basin’s core. The block sits adjacent to acreage held by Chevron and Pan Continental, strategically positioning Oregen within a high-potential exploration corridor.

Namibia’s Offshore Oil Dreams Are Taking Shape

Portugal’s Galp Energia has begun receiving offers for its massive Mopane oil discovery off Namibia’s coast, signaling that one of Africa’s most promising new hydrocarbon frontiers could be edging closer to commercial production. The company told investors earlier this month it’s in advanced talks with potential buyers and expects to announce a sale later this year. Galp controls an 80% stake in Mopane and, according to Bloomberg, is preparing for a development that could involve two floating production storage and offloading (FPSO) units, each pumping around 120,000 barrels a day.