NAMCOR UPDATE ON UPSTREAM OPERATIONS

NAMCOR UPDATE ON UPSTREAM OPERATIONS

Windhoek, Namibia — The National Petroleum Corporation of Namibia (NAMCOR) provides an update on the country's ongoing upstream activities. NAMCOR Exploration and Production (E&P), in collaboration with joint venture partners in PELs 56, 83, 85, and 90, will commence drilling four exploration and appraisal wells in the Orange Basin, offshore Namibia, between Q4 2024 and Q1 2025. This expansion in upstream oil and gas activities follows successful discoveries since 2022, […]

November 12, 2024 5

Environment

Analysis: Michelin’s no-deforestation claims in Indonesia rubber plantation a stretch

Rubber manufacturer Michelin claims to have avoided millions of tons of carbon emissions and saved thousands of hectares of primary forest in a sustainable rubber plantation project in Indonesia. Michelin joined the project in 2014 after buying a stake in the Indonesian rubber company RLU, which in 2018 raised $95 million in green bonds. In 2022, Michelin became RLU’s sole shareholder, and repaid the green bonds raised by the project. […]

May 30, 2024 37

Africa

Botswana and DeBeers sign $1 billion deal

Botswana and De Beers have approved a $1 billion investment to dig under the world's richest diamond mine by volume. The Debswana Diamond Company's board said it has given the go-ahead to works that are to extend the life of the Jwaneng mine turning it from an open-pit site to an underground operation. About 70% of profits for Debswana come from Jwaneng. Here is the Deputy Minister of Mines and […]

January 11, 2024 31

Business / Economics

Stellantis and Orano Enter Electric Vehicle Battery Recycling Agreement

Stellantis N.V. and Orano today announced the signing of a memorandum of understanding to establish a joint venture for recycling end-of-life electric vehicle batteries and scrap from gigafactories in Enlarged Europe and North America, strengthening Stellantis’ position in the electric-vehicle battery value chain by securing additional access to cobalt, nickel, and lithium necessary for electrification and energy transition. “The United Nations’ Sustainable Development Goals has confirmed the need to find […]

October 25, 2023 9