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

Shell

11 Results / Page 1 of 2

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Business / Economics

Morning Biz News – 13 February 2025

  Bank of Namibia Cuts Interest Rate Again The Bank of Namibia has reduced its key interest rate for the fourth consecutive monetary policy meeting, lowering the repo rate by 25 basis points to 6.75%. The central bank cited stable inflation projections and the need to support economic growth as the primary reasons for the cut. This follows similar reductions in its last three policy decisions, signaling a continued effort […]

today13 February, 2025 31

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Business / Economics

Shell’s challenges may reflect wider issues for oil drilling companies

Shell used the Deepsea Bollsta rig, formerly known as West Bollsta for its drilling campaign in Namibia's Orange Basin; Source: Odfjell Drilling   Energy lawyer Shakwa Nyambe has cautioned that the challenges Shell is facing in the Orange and Walvis Basins may soon affect other oil drilling companies operating in these regions. His remarks follow the UK-headquartered energy giant's recent write-down of US$400 million in the Orange Basin. Speaking to […]

today13 January, 2025 110

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Business / Economics

24 October 2024 Biz News: Coastal Tourism Thrives Amidst Global Economic Shifts: A Look at September 2024’s Key Developments in Namibia and Beyond

In September 2024, the coastal region witnessed a remarkable surge in tourism activity, achieving an impressive occupancy rate of 74.45%, the highest recorded in the country. This growth has been attributed to a variety of social, sporting, and leisure events, such as annual marathons and regional festivals, according to The Brief publication. The influx of visitors not only boosted local businesses but also underscored the region's potential as a vibrant […]

today24 October, 2024 25

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Business / Economics

Shell Seeks Approval for Offshore Drilling off South Africa’s West Coast

Reuters reports that Shell is seeking government authorization to drill up to five offshore wells off the west coast of South Africa, according to a draft scoping report from environmental consultancy SLR. Shell Offshore Upstream South Africa B.V. and its joint venture partners require environmental approval to operate in the Northern Cape Ultra Deep Block in the Orange Basin.

today9 July, 2024 28

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Business / Economics

Energy companies bid for stake in Galp’s Namibia oil discovery

Exxon Mobil, Shell, TotalEnergies, and Equinor are among the major energy companies considering bids for a 40% stake in Galp Energia's Mopane oil field discovery offshore Namibia. According to Galp Energia's estimates, the Mopane complex contains 10 billion barrels of oil equivalent (boe) and could be valued at around N$362 billion or more, as reported by Bloomberg. Bloomberg reports that Galp Energia, with the help of a financial advisor, is […]

today22 May, 2024 75

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South Africa

S.A union Saftu Urges Government Response as Shell Plans Exit from Liquid Fuels Market

S.A union Saftu says Shell's planned departure from South Africa's downstream market for liquid fuels is a wake-up call for the government to begin requiring the production and distribution of electric vehicles finally. However, it depends on the private sector to do so. Saftu’s spokesperson Trevor Shaku says the government's role is currently relegated to creating an enabling environment for capitalism to incentivise multinational-corporate automotive businesses:  

today13 May, 2024 25

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World

Future Media News, Top Stories: May 6th – May 10th

https://youtu.be/ocuYJYvY62w   In case you missed this week's top stories: Namibia prepares for elections with voter registration dates announced, Namibian delegation attends Italy's leading Fruit and Vegetable Expo, and investigations initiated into a death at Katutura Health Centre. AstraZeneca admits a rare side effect from its Covid-19 vaccine, and the government is monitoring developments. A new app launched by NUST UNESCO Research Chair aims to prevent violence. In regional news, […]

today10 May, 2024 40

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Business / Economics

EXCLUSIVE: Independent Business And Economics Researcher, Josef Kefas Sheehama on Shell’s Potential Departure from South Africa: Implications and Opportunities

As the global economic landscape continues to shift, recent developments have put South Africa and its neighboring countries on high alert. Josef Kefas Sheehama, an Independent Business and Economics Researcher, sheds light on the imminent withdrawal of Shell from South Africa after a remarkable 122-year presence. In a recent interview, Sheehama outlined the potential repercussions and highlighted opportunities for South Africa and Namibia amidst this transition. Sheehama emphasizes the magnitude […]

today7 May, 2024 46