Paladin Energy, a key player in uranium mining, has recently faced significant production setbacks at its flagship Langer Heinrich Mine in Namibia, triggering a steep stock decline and raising questions about the company’s future stability. Following reports of lower-than-anticipated yellowcake output, the company’s stock plummeted by over 20%, marking its steepest fall in over a […]
Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) has announced a significant advancement in its offshore operations in Namibia through a new partnership with Chevron Namibia Exploration Limited (CNEL), an affiliate of Chevron Corp. (CVX). Effective April 28, Chevron has taken an 80% working interest and operatorship in Petroleum Exploration License 82 (PEL 82), signaling a […]
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF), a prominent player in the oil and gas sector, has officially announced its successful Working Interest (WI) Transfer from Monitor Exploration Limited (Monitor) for Petroleum Exploration Licence 93 (PEL 93), located in the Owambo Basin, Republic of Namibia, following the approval of the Ministry of Mines and Energy. This […]
Namibia bids farewell to one of its most influential leaders, Hage Gottfried Geingob, who passed away at the age of 82 on Sunday, February 4, in a hospital in Windhoek. Geingob, Namibia’s longest-serving prime minister and its third president, was not only a stalwart against apartheid but also a central figure in the nation’s journey […]
Dundee Precious Metals Inc. (TSX:DPM) and Osino Resources Corp. (TSXV: OSI) have jointly announced a definitive agreement under which DPM will acquire all issued and outstanding common shares of Osino. This transaction, valued at C$287 million, significantly expands DPM’s portfolio in the gold mining sector. The Twin Hills Gold Project – A Key Asset Central […]
88 Energy Limited has executed a three-stage farm-in agreement with Monitor Exploration Limited to earn up to a 45% non-operated working interest in Petroleum Exploration Licence 93 (PEL 93), located in Namibia’s Owambo Basin. The agreement involves staged entry into an 18,500 km² onshore acreage in Namibia, with a total anticipated investment of up to […]
Askari Metals Limited has successfully finalized the acquisition of the remaining 10% interest in EPL 7345, which forms a crucial part of the Uis Lithium Project in Namibia. This acquisition marks an important milestone for the company’s expansion in the lithium sector. The agreement, binding Askari Metals and Jenny Elaine van der Walt, ensures Askari […]
Venus oil discovery : French energy giant TotalEnergies (formerly Total) has pulled off a light oil discovery in block 2913B, Petroleum Exploration Licence 56 (PEL56) in the Orange Basin, offshore Namibia through the drilling of the Venus 1-X exploration well. The Venus oil discovery with associated gas was made when the well encountered approximately 84m […]
Qatar Petroleum has agreed to acquire a 45% stake in two exploration blocks in Namibian waters – Block 2913A and Block 2914B in PEL 39 from Royal Dutch Shell. The financial terms of the deal were not disclosed. Shell will continue to be the operator of the blocks with a stake of 45%. The remaining […]
Kosmos Energy has signed a deal worth up to $200 million with Dordtsche Petroleum Maatschappij (Shell), a fully-owned subsidiary of Royal Dutch Shell, to farm down interests in a portfolio of frontier exploration assets in Africa. The consideration for the US oil and gas company is made up of an upfront payment of nearly $100 […]