At the Namibia International Energy Conference (NIEC) on April 23, industry leaders from Chevron, the National Petroleum Corporation of Namibia (NAMCOR) and Rand Merchant Bank (RMB) outlined critical developments in the country’s oil and gas sector. These statements reaffirmed Namibia’s ambition for first oil production by 2030, underscoring the importanceContinue Reading
Opening the 7th Namibia International Energy Conference (NIEC) on April 23 in Windhoek, Namibian officials, global investors and regional stakeholders rallied around a shared vision for the country’s energy future – one rooted in local content, value addition and energy sovereignty. Delivering the opening keynote, Namibian Prime Minister Elijah NgurareContinue Reading
Namibia’s energy sector is bracing for pivotal updates as President Netumbo Nandi-Ndaitwah prepares to deliver a keynote address at a major upstream conference in Windhoek this week, following her recent decision to centralize control of the oil and gas sector under her office. The move, which mirrors similar actions byContinue Reading
UK-headquartered energy technology provider TechnipFMC has signed a memorandum of understanding (MoU) with the University of Namibia (UNAM) to co-develop specialized courses in subsea engineering and project management. According to TechnipFMC, the specialized courses are a part of the company’s broader push to support local workforce development and boost Namibia’sContinue Reading
Reconnaissance Energy Africa Ltd said it has signed a memorandum of understanding with Angola’s national oil regulator for a joint exploration project in the Etosha-Okavango basin, its first move into onshore Angola. The agreement with the Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) gives ReconAfrica exclusive rights during theContinue Reading
ASX- and TSX-listed Paladin Energy has been served with a class action lawsuit in the Supreme Court of Victoria, with the plaintiffs alleging the uranium producer misled investors and breached its continuous disclosure obligations ahead of a major production downgrade last year. Filed on April 16 by law firm SlaterContinue Reading
Australian junior energy firm Grand Gulf Energy has seen its share price skyrocket by 100% following the announcement of a strategic agreement to enter Namibia’s burgeoning hydrocarbon sector, signaling growing international confidence in the country’s untapped energy potential. The company revealed this week it has secured a binding deal toContinue Reading
Namibia’s Deputy Prime Minister and Minister of Industries, Mines and Energy, Natangue Ithete, officiated the groundbreaking ceremony for the Vigor Biotechnology Production Facility last week. The state-of-the-art plant, set to rise in Henties Bay, promises to harness Namibia’s marine resources to produce high-value seal and nut oils rich in omega-3Continue Reading
According to multiple sources, Cape Town-based Rhino Resources has confirmed the discovery of hydrocarbons at its Capricornus-1X exploration well in the offshore Orange Basin, reigniting hopes for a transformative economic windfall. While it remains premature to declare the find commercially viable, the breakthrough marks another milestone in Namibia’s quest toContinue Reading
In a resolute maiden address to Parliament last week, newly appointed Deputy Minister of Industries, Mines and Energy Gaudentia Kröhne declared that Namibia’s mineral wealth must serve as a catalyst for equitable growth, ensuring both investors and local communities reap sustainable benefits. Kröhne, deputizing Minister Natangwe Ithete, emphasized that responsibleContinue Reading
