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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

oil and gas

15 Results / Page 1 of 2

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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, […]

todayNovember 12, 2024 5

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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.  

todaySeptember 24, 2024 46

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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 […]

todayAugust 15, 2024 43

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Business / Economics

30 July 2024 Morning Biz News: Namibia’s Aquatic Exports Rise Despite Decrease in Landings; TotalEnergies Withdraws from South African Gas Block

Namibia's Aquatic Exports Rise Namibia's export earnings from fish, crustaceans, molluscs, and other aquatic invertebrates reached N$4.1 billion in Q1 2024, a slight increase from N$4.0 billion in Q1 2023. Despite this, High Economic Intelligence (HEI) reports a 16.7% decrease in landings of quota species, down to 97,077 metric tons from 116,471 metric tons in the previous year. TotalEnergies Exits South African Offshore Gas Block TotalEnergies has announced its withdrawal […]

todayJuly 30, 2024 29

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Africa

TotalEnergies Sells Minority Stake in Nigerian Onshore Oil JV for $860 Million

TotalEnergies has sold its 10% stake in the Shell Petroleum Development Company of Nigeria Limited to Mauritius-based Chappal Energies for $860 million says Reuters. CEO Patrick Pouyanne announced in February that TotalEnergies planned to exit the venture due to numerous oil spills caused by theft, sabotage, and operational issues, which resulted in costly repairs and high-profile lawsuits.

todayJuly 18, 2024 14

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Africa

UK Court Dismisses P&ID Appeal And Upholds Nigeria’s £43 Million Award

A UK court has ruled in favour of Nigeria in an appeal filed by the Process & Industrial Development or P&ID challenging a previous ruling over what currency the payment of the legal costs incurred by Nigeria in a lawsuit involving the firm would be. This follows a judgment in December last year which dismissed an award of $11 billion damages to P & ID over a failed oil and […]

todayJuly 16, 2024 23

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Africa

Nigeria offers oil blocks to global investors

Nigeria is seeking investors for 17 of its oil blocks. The government offered 12 oil blocks and 5 deep offshore assets for sale as it marketed the assets to global oil sector investors at the ongoing 2024 Offshore Technology Conference in Houston, Texas.

todayMay 9, 2024 40

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