insert_link Business / Economics Immanuel Mulunga Highlights Low Odds of Finding Viable Oil in Namibia Former petroleum commissioner, Immanuel Mulunga, estimates a 25–35% chance of companies discovering commercially viable oil in Namibia. Speaking with local media, the ex-Namcor managing director commented on Chevron’s recent announcement about failing to find hydrocarbons in the Orange Basin. Mulunga emphasized that oil exploration remains a high-risk endeavor. today17 January, 2025
insert_link Business / Economics Namibia set for multiple offshore drilling projects this year Namibia's offshore oil drilling will resume with the arrival of Saipem SpA’s Santorini drillship at the Mopane site, following a discovery by Galp Energia SGPS SA. Bloomberg reports that this marks the beginning of several drilling campaigns, including projects by TotalEnergies SE and Chevron Corp. Galp's CEO indicated that the company is preparing to drill its first of four new wells in Namibia later this year. Speaking at a conference […] today24 October, 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 Namibia OPM calls for evidence of alleged corruption by Prime Minister The Office of the Prime Minister has called for evidence of alleged corrupt practices by Prime Minister Saara Kuugongelwa-Amadhila in the appointment of the petroleum commissioner, Maggy Shino. The Namibia Press Agency reports that the Prime Minister’s office refuted social media allegations of favouritism and corrupt practices against Kuugongelwa-Amadhila adding that the appointment of Shino was done in compliance with the Public Service Act 13 of 1995 on matters of […] today1 February, 2024
