oil and gas

Morning Biz News 26 February 2025: NamRA Revenue Surges, BP Shifts Strategy, and AfDB Backs SMMEs

NamRA Collects N$79.3 Billion in Revenue The Namibia Revenue Agency (NamRA) has collected N$79.3 billion in revenue as of 31 January 2025. According to NamRA’s latest figures, domestic tax collections amounted to N$31.36 billion, while customs and excise duties contributed N$48 billion. The total revenue estimate for the 2024/2025 financial year is projected at N$85.3 billion. South Africa’s Poultry Master Plan Exceeds Targets In South Africa, the first phase of […]

26 February, 2025 16

Business / Economics

Nujoma’s Vision for Kunene’s Economic Growth Recognized

Mining professional Stanley Kambonde has praised the late President Sam Nujoma’s commitment to unlocking the Kunene region’s economic potential. Speaking to NewsOnOne's Envaalde Matheus, Kambonde revealed that Nujoma personally funded his studies in oil, gas, and mining law in the UK with N$400,000.

20 February, 2025 33

Namibia

Oil, trade, and tourism top agenda at Namibia-Nigeria talks

Namibia is set to host the Fifth Session of the Namibia–Nigeria Joint Permanent Commission of Cooperation in Windhoek from today until 7 February 2025. The high-level meeting aims to strengthen bilateral relations between the two nations, particularly in the sectors of health, education, agriculture, oil, and gas. Namibia previously called for the revival of the joint commission to cement collaboration in areas of mutual interest. Speaking ahead of the […]

5 February, 2025 49

Business / Economics

Namcor reports on operational progress of Venus wells

Exterior view of the NAMCOR (National Petroleum Corporation of Namibia) offices The National Petroleum Corporation of Namibia (Namcor) has made significant progress in its post-well studies for the Venus oil wells. The studies, which include analysing core samples, logging data, and fluid samples, form part of Namibia’s growing oil exploration activities in the Orange Basin. Ongoing collaboration and operational updates Namcor’s latest operational update indicates […]

27 January, 2025 97

Uncategorized

The Oil “Curse” and Namibia’s Critical Crossroads

OPINION By: Barney Hamse In 2014, Zack Beauchamp wrote an article titled, The Oil Curse: How Black Gold Makes Countries More Authoritarian, Corrupt, and Violent. This concept has since been discussed extensively, and numerous reports over the years have highlighted the adverse impacts of oil wealth on nations, particularly in Africa. Namibia is now at a critical juncture, and it must tread carefully to avoid the pitfalls that many oil-rich countries […]

3 December, 2024 162

Local

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, […]

12 November, 2024 23

Business / Economics

Public interest grows following recent offshore oil discoveries

The Namibia Petroleum Operators Association hosted a press seminar to help the public better understand the country’s oil and gas industry. Recent offshore discoveries have increased public interest, making it important to provide clear and accurate information. NAMPOA Chairperson and BW Kudu Country Chairperson, Dr. Klaus Endresen, spoke about the economic challenges that the sector is facing.

24 September, 2024 72

Business / Economics

NamCor signs MoU with Gambian oil company

The National Petroleum Corporation of Namibia has signed a Memorandum of Understanding with the Gambia National Petroleum Corporation to collaborate and strengthen both organisations, according to NamCor's interim managing director, Ebson Uanguta.

22 August, 2024 47

Business / Economics

Windhoek prepares to host Namibia Oil & Gas Conference

As Namibia prepares up for the upcoming Namibia Oil & Gas Conference in Windhoek next week, Shakwa Nyambe, Founder and Managing Partner of SNC Incorporated, has shared his views on the evolving trends within the oil and gas sector. Nyambe mentioned the changes occurring in the financing of oil and gas projects. In addition to financing, Nyambe pointed out the importance of infrastructure development in the oil and […]

15 August, 2024 64