insert_link 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 […] today27 August, 2024
insert_link 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. today27 August, 2024
insert_link 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. today23 August, 2024
insert_link Namibia Namibia Targets 45% Local Service Provision in Oil and Gas Sector Petroleum Commissioner, Maggy Shino announced that the country currently meets about 45% of the oil and gas industry's service needs. To further increase this capacity, the Ministry of Mines and Energy will create a supplier database and develop policies to boost local capabilities. The Ministry is focusing on advancing local content through updated policies and a comprehensive industrial survey. The upcoming phases will require significant investment, and the Ministry is […] today22 August, 2024
insert_link Africa Niger Resumes Oil Exports via Benin After Dispute Niger has restarted crude oil exports through Benin following a dispute that previously halted the flow via a Chinese-funded pipeline according to Reuters. The conflict arose from Niger's refusal to lift a ban on imports from Benin, leading to a block on exports through the PetroChina-backed pipeline in May. Niger had subsequently shut off the pipeline flow in June. today22 August, 2024
insert_link Business / Economics 22 August 2024 Morning Biz News: NAMCOR’s Breakthroughs and Global Economic Shifts: Namibia’s Economic Boom, South Africa’s Inflation Drop, and Market Trends NAMCOR's Investment Boosts Economic Outlook NAMCOR's extensive drilling and investment efforts have paid off, with recent successes in the Orange Basin signaling a bright future for Namibia's economy. Interim Managing Director Ebson Uanguta revealed that after drilling 38 dry wells and investing over N$20 billion over the past three decades, Namibia is on track to potentially double its economy in the next 15 years. This achievement marks a significant […] today22 August, 2024
insert_link Business / Economics Bank of Namibia Supports Oil and Gas Sector with Flexible Exchange Controls The Bank of Namibia affirms that the country's Exchange Control Policies and Laws are designed to foster a supportive investment environment for the emerging oil and gas sector. These policies facilitate foreign direct investments by allowing investors to bring in and repatriate funds through commercial banks, ensuring smooth operations in exploration and capital-intensive projects. Sandra Garises, the regulator's principal communication officer. today22 August, 2024
insert_link Africa Senegal Establishes Expert Commission to Review and Rebalance Oil and Gas Contracts Senegal has formed a commission of legal, tax, and energy experts to reassess and potentially renegotiate its oil and gas contracts in the national interest, as announced by Prime Minister Ousmane Sonko. Reuters says, this move follows President Bassirou Diomaye Faye's election victory in March, who has pledged to audit and, if necessary, renegotiate contracts with foreign operators to better serve Senegal's interests. today20 August, 2024
insert_link Business / Economics Namibia Oil & Gas Conference Kicks Off Today in Windhoek The 2nd edition of the Namibia Oil & Gas Conference begins today in Windhoek and runs until August 22. The event gathers industry leaders, policymakers, and energy experts from around the world to discuss the future of energy, technological advancements, and sustainable practices within the oil and gas industry. Lüderitz Mayor, Phillipus Balhao is a speaker at the conference. today20 August, 2024
