Invest in African Energy (IAE) 2025: Namibia's Petroleum Commissioner to Highlight Energy Investment Potential
Namibia has solidified its status as a premier frontier market, with a string of high-impact discoveries in the Orange Basin driving global investor interest. Galp's Mopane series of light oil finds – estimated to hold at least 10 billion barrels – alongside TotalEnergies' Venus and Shell's Graff discoveries, have positioned the basin among the most prospective in the world. Rhino Resources announced a discovery with its Capricornus-1X well in April 2025, following confirmation of a hydrocarbon reservoir with the Sagittarius-1X well in February. First oil from the Venus field – estimated to hold over five billion barrels of in-place resources – is targeted by 2030, with efforts underway to accelerate the development timeline.
IAE 2025 (https://apo-opa.co/4k8B5a6) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
Beyond the Orange Basin, Commissioner Shino will spotlight exploration activity in other emerging basins, including Chevron's acquisition of an 80% operating stake in Blocks 2112B and 2212A in the Walvis Basin, underpinned by extensive seismic coverage. In the onshore Kavango Basin, ReconAfrica is advancing its 2024 drilling campaign targeting an estimated 3.4 billion barrels of recoverable oil in the Damara Fold Belt, with preparations currently underway to spud a second exploration well. Namibia's recently implemented open-door licensing system further enhances the investment climate, offering streamlined access to upstream opportunities and flexible entry points for new and existing players.
'Namibia continues to command international attention as a frontier leader in upstream development. Commissioner Shino's insights into new licensing, acreage availability and basin activity at IAE 2025 offer investors a rare opportunity to engage directly with the driving force behind Namibia's energy boom,' says Sandra Jeque, Event&Project Director, Energy Capital&Power.
Distributed by APO Group on behalf of Energy Capital&Power.
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Emirates 24/7
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His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC said: 'The unprecedented results that DIFC continues to achieve across all fronts are a direct reflection of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai - a vision focused on positioning Dubai at the forefront of the world's most advanced financial centres. Dubai has entered a new and greater phase of growth, and these results highlight the competitiveness, attractiveness, and global confidence it enjoys. We firmly believe the future holds even more opportunities, and we will continue to strengthen DIFC's capabilities and its ecosystems that foster innovation, agility, and business growth.' 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In his opening address, he affirmed WGEO commitment to supporting African cities in their transition towards a green economy through the "Carbon Neutral Cities Initiative" launched in Dubai, UAE. 'From Tangier to Cairo, let us amplify a powerful message: African cities are not just facing the climate crisis; they are leading the solutions,' he concluded. In his welcome remarks at the Youth Roundtable, held as part of the Forum activities under the theme 'Mentoring the Future – Nurturing Young Leaders for a Sustainable World,' HE Al Tayer emphasised the central role of the youth and that youth leaders are active partners today, not tomorrow. HE welcomed young leaders as vital contributors, stressing that their ideas and energies are central to the transition toward a green economy. He warned of the consequences of unbalanced growth, manifested in climate change and biodiversity loss. 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Zawya
an hour ago
- Zawya
Egypt calls for greater private sector role, debt swaps at G20 meeting
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