Namibian chemical industry news

2 March 2026

Galp 4Q & FY25 Financial Results

Strong 2025 performance with €2.2bn cash generation, 4% DPS increase, and €250m buyback. Key growth in Brazil, Namibia, and Sines. Net debt at €1.3bn, FCF at €81m.
6 February 2026

Petrobras Acquires 42.5% Stake in Namibian Offshore Block

Petrobras partners with TotalEnergies in Namibia's Block 2613, aiming to diversify and expand oil and gas reserves. Completion awaits regulatory approvals.
6 February 2026

TotalEnergies Acquires 42.5% Stake in Namibia's PEL104 License

TotalEnergies becomes operator of PEL104 in Namibia, partnering with Petrobras, Namcor, and Eight. The deal awaits approval from Namibian authorities and partners.
30 January 2026

Galp and TotalEnergies Strengthen Commitment to Namibia

Meeting with Namibia's President, they discussed offshore projects, employment, and regulatory support, aiming for investment decisions and exploration by 2026.
9 December 2025

TotalEnergies Becomes Operator in Namibia's PEL 83 License with Galp Agreement

TotalEnergies acquires 40% in PEL83, Galp gets 10% in PEL56. Exploration campaign planned. Transaction completion expected in 2026.
9 December 2025

Galp and TotalEnergies Swap Stakes in Namibian Offshore Blocks

Galp swaps 40% of PEL 83 for stakes in PEL 56 and PEL 91, with TotalEnergies assuming operatorship and sharing exploration costs. Approval expected by 2026.

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