Namibia Oil News
● BREAKINGLatest updates on Namibia offshore oil exploration, drilling results, discoveries, and market-moving announcements
Last Updated: Thursday, February 26, 2026
Featured: Venus FID Expected Within 6 Months
TotalEnergies CEO Patrick Pouyanné confirmed Venus FID timeline at Q4 2025 earnings call. The $3B+ development decision on the 3-billion-barrel Orange Basin discovery will be "a matter of months, not years." Adjacent acreage holders (including Stamper Oil & Gas) expected to see significant re-rating.
Chevron Confirms "Encouraging Results" from Walvis Basin Appraisal
Chevron's PEL 82 appraisal well in Walvis Basin has encountered "significant oil columns" according to sources close to the project. Official announcement expected within 2-3 weeks. Adjacent acreage holders include Stamper Oil & Gas (STMP) with 5% carried interests on PEL 106 and 98.
Shell Spuds Third Appraisal Well on Graff Discovery
Shell has commenced drilling Graff-3 appraisal well in Orange Basin, targeting reservoir extent and fluid properties. The Graff discovery (estimated 2-3 billion barrels) is part of Shell's broader Orange Basin portfolio. Results expected Q2 2026.
Namibia Junior Explorers Rally on Positive Sentiment
Junior exploration stocks with Namibia exposure surged following renewed optimism about 2026 drilling campaigns. Sintana Energy (SEI) +12%, ReconAfrica (RECO) +8%, Stamper Oil & Gas (STMP) +15% on the week as investors anticipate multiple catalysts in H1 2026.
Namibia Government Fast-Tracks Environmental Approvals
Ministry of Mines and Energy announced streamlined environmental approval process for petroleum projects, aiming to reduce timeline from 18 months to 12 months. Move designed to accelerate path to first oil production (targeted 2028-2029).
Walvis Bay Port Expansion 60% Complete
Port of Walvis Bay's $400M expansion project is 60% complete, on track for Q4 2026 completion. New deep-water berths and supply base facilities will support offshore oil operations. Critical infrastructure for Namibia's transition to oil producer.
Where to Follow Namibia Oil News
Industry News
- • Offshore Engineer
- • Upstream Online
- • Rigzone
- • Oil & Gas Journal
Financial News
- • Bloomberg Energy
- • Reuters Energy
- • Stockhouse Forums
- • CEO.ca News
Local Sources
- • The Namibian
- • Namibian Sun
- • New Era Namibia
- • Ministry of Mines & Energy
Company-Specific
- • Stamper IR Portal
- • Shell Namibia Updates
- • TotalEnergies Press
- • Galp Investor Relations
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