Namibia’s oil boom has this week moved closer to home for AIM-quoted explorer Tower Resources PLC, as US major Chevron agreed a deal to take control of an offshore block in the Walvis basin. Attentions have mainly been on the Orange basin recently as a series of large-scale, ‘world class’Continue Reading
Kraatz Engineering, a subsidiary of the Ohlthaver & List (O&L) Group has announced the signing of a Memorandum of Understanding (MoU) that is leading the way in a new venture with the University of Namibia (UNAM) and the Welding Association of Namibia. This strategic alliance is set to revolutionize theContinue Reading
Global oil super major, BP and Eni have struck a deal to take an operating stake in a highly prospective exploration licence in Namibia’s Orange basin close to Galp Energia’s huge Mopane discovery and next door to acreage where Shell has made five discoveries. Azule Energy, the 50:50 joint ventureContinue Reading
Momentum Metropolitan Namibia, a subsidiary of Momentum Metropolitan Holdings has announced the Group’s robust earnings for the six months ending 31st December 2023 (Interim Results). Despite challenges, the Group’s performance reflects resilience and adaptability, with solid contributions from Namibia. Momentum Metropolitan Africa experienced a notable increase in normalised headline earnings,Continue Reading
As uranium developer Bannerman Resources progresses with its plans for an initial eight-million-tonne-a-year Etango project, in Namibia, it is casting its gaze towards a broader horizon. The company has started to delve into potential expansion options, aiming for a larger-scale operation in the future. The ASX-listed junior recently completed aContinue Reading
Sintana Energy Inc has welcomed a new deal between Namibia’s national oil company NAMCOR and Chevron to develop Petroleum Exploration License 82 (PEL 82) located in the Walvis Basin, offshore Namibia. Chevron, through its affiliate Chevron Namibia Exploration Limited, will take up to an 80% operating working interest in theContinue Reading
Recently, Green Enterprise Solutions was invited to an exclusive Tech event hosted by Axiz and Oracle. The event explored innovations and tech advancements, gaining insights, and collaboration opportunities for digital transformation in Namibia and beyond. The event commenced with a warm welcome and opening remarks from Aldo Strappazzon, the BranchContinue Reading
Rystad Energy analyst Pranav Joshi has said that Namibia could find itself among the top eight largest oil producers in the world by 2035 following successes experienced in the Mangetti and Mopani exploration wells. Just recently Global oil major Shell confirmed the presence of oil deposits at the Enigma-1X wellContinue Reading
Offshore drilling contractor Noble Corporation has unveiled a set of new assignments for one of its drillships off the coast of Africa, which is in the process of wrapping up its work in Ghana earlier than expected. Once this job is complete, the rig will move to Equatorial Guinea forContinue Reading
The Minister of Environment, Forestry and Tourism, Pohamba Shifeta has invited and urged tourism operators to promote, market and continue to develop new tourist routes, services and products in the Kavango- Zambezi Transfrontier Conservation Area (KAZA TFCA) region to attract more visitors and increase tourism economic activities. Officially opening theContinue Reading
