Oil

Researcher Questions ReconAfrica’s Latest Oil Claims in Kavango

Canadian oil firm ReconAfrica is once again under scrutiny following fresh claims of an oil discovery in the Kavango region. Investigative researcher Rob Parker says the company is “repeating a pattern” of issuing optimistic statements without releasing the technical evidence needed to confirm a commercial find.

9 December, 2025

Business / Economics

Upstream Unit Launches Data and Training Initiative

The Upstream Petroleum Unit is rolling out a national petroleum data repository, regional training hubs, and a local content certification system to strengthen governance and technical skills in the oil and gas sector. Reporting for NewsOnOne, Eric Mhunduru says deputy head Marco Mcleod shared the update at the 3rd oil and gas conference in Windhoek.

15 August, 2025

Namibia

Nigeria CEO Highlights Heirs Energies’ Success

Speaking to Angie Scholtz at the Namibia Oil and Gas Conference, Heirs Energies CEO Osa Igiehon outlined the company’s strengths in asset revitalisation, strong governance, innovation, and partnerships, with a focus on the OML 17 project turnaround in Nigeria. Angie Scholtz reports that he is optimistic about opportunities in Namibia’s expanding oil and gas industry.

15 August, 2025

Business / Economics

India says it can handle oil supply impact amid Middle East conflict

India says it will be able to navigate its way through any hit to oil supplies as a result of the Middle East conflict. India depends on imports to meet most of its demand for the fossil fuel. With the details, Rebecca Bundhun from Mumbai.

8 October, 2024

Business / Economics

4 October 2024 Morning Biz News: Cash Still King in Namibia, AgriSA Optimistic, and Oil Prices Surge Amid Tensions

Bank of Namibia: Cash Remains Vital in Financial System The Bank of Namibia has emphasized the enduring significance of cash in the financial landscape, with over N$5.2 billion in circulation for 2023. Despite the growing prevalence of digital payments, cash continues to play an essential role in everyday transactions such as groceries and transportation. AgriSA Optimistic Amid Challenges AgriSA remains hopeful about the agricultural sector's potential to adapt and drive […]

4 October, 2024

Business / Economics

22-29 August 2024 Weekly Economics Wrap: Global Economic Snapshot: Namibia’s Oil Boom, South Africa’s Market Movements, and International Financial Trends

Namibia’s Economic Growth Fueled by Oil and Gas Sector Namibia is set for a robust economic outlook with a forecasted GDP growth of 5.8% annually, largely driven by the burgeoning oil and gas sector. Deloitte’s recent Oil and Gas Industrial Baseline Survey reveals that this sector will contribute an average of N$11.5 billion to the GDP each year during the production phase. The discovery of significant crude oil reserves has […]

29 August, 2024

Business / Economics

INTERVIEW: Activist Herbert Jauch Calls for Rethink on Namibia’s Oil and Gas Strategy

Windhoek, Namibia – Herbert Jauch, a prominent activist, has called for a fundamental reassessment of Namibia’s approach to oil and gas exploration. In a recent discussion, Jauch emphasized that the use of Namibia’s natural resources should benefit all Namibians, not just a select few, and warned against continuing with oil and gas extraction given the current global context. Jauch argued that Namibia's natural resources have long been controlled by foreign […]

27 August, 2024

Namibia

Herbert Jauch Calls for Rethink on Namibia’s Oil and Gas Strategy

Activist, Herbert Jauch, has called for a fundamental reassessment of Namibia’s approach to oil and gas exploration. In a recent discussion, Jauch emphasized that the use of the country’s natural resources should benefit all Namibians, not just a select few, and warned against continuing with oil and gas extraction given the current global context.

27 August, 2024

Business / Economics

Panel Discusses Transparency and Resource Management at Oil and Gas Conference

At the Oil and Gas Conference, a panel emphasized the need for balancing transparency with natural resource management. They highlighted establishing governance structures, ensuring information access, and engaging stakeholders. The discussion also focused on conflict resolution, adaptive management, international standards, environmental sustainability, and the importance of public awareness and education. Graham Hopwood: Executive Director at the Institute for Public Policy Research.

23 August, 2024