U.K. oil and gas company Tower Resources has signed two farm-out agreements with Prime Global Energies for minority, non-operated interests in its Thali license, offshore Cameroon, and PEL96 offshore Namibia. Through its wholly-owned subsidiary, Tower Resources Cameroon, the company has agreed to farm-out a 42.5% non-operated interest in the ThaliContinue Reading
Shell will write down around US$400-million overan oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country’s efforts to become a crude producer. Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot currently be confirmed forContinue Reading
Trustco Group Holdings Limited shareholders approved the N$469 million (USD 26 million) equity acquisition of additional shares in Legal Shield Holdings Limited (LSH) at a General Meeting held today. The transaction involves acquiring 1,135 shares from Riskowitz Value Fund LP (RVF), increasing Trustco’s stake in LSH to 91.35%. Quinton ZContinue Reading
The Chairperson of Bank Windhoek, Johan Swanepoel, has announced the appointment of James Chapman as the Managing Director Designate of the Bank with effect from 1 February 2025, following the conclusion of a comprehensive recruitment process and approval by the Bank of Namibia. This appointment follows on the announcement byContinue Reading
The Namibia Institute of Public Administration and Management (NIPAM) Governing Council has announced the appointment of Dr. Heroldt Murangi as the Executive Director for a period of three years, effective 01 January 2025. Dr. Murangi holds a Doctor of Philosophy (PhD) in Education Management, Law, and Policy Studies from theContinue Reading
By Bjorn Wiedow Technological advancements have progressed at an unprecedented pace, fundamentally reshaping industries, economies, and the way we live. The shift from the analogue era to the digital revolution has been profound, with each decade introducing innovations that demand adaptation at an ever-faster rate. Understanding this historical trajectory highlightsContinue Reading
Portugal’s oil and gas company Galp has found more light oil and gas-condensate in the second of up to four wells within its current exploration and appraisal (E&A) program in license PEL 83 off the coast of Namibia. This has put a Saipem-owned drillship on the move again to drillContinue Reading
By Ilke Platt and Petrina Mbadhi “Its PR that needs to be creative. Its PR that needs to be new and different. Its PR that needs to be original. The best way to establish a brand is to create a new category and creating a new category requires thinking ofContinue Reading
By Kehad Snydewel In the modern world, the pursuit of money has, to many, become an obsessive activity. There’s nothing wrong with that, as long as it’s done with a certain goal in mind. This topic recently came up and led to quite a discussion. It got me thinking. WeContinue Reading
Azule Energy’s successful farm-in deal for Block 2914A, which is situated in Namibia’s Orange Basin, marks an important turning point in the continent’s energy industry. The news highlights the enormous potential of the Namibian Orange Basin and represents an important moment for Namibia’s and Africa’s offshore oil and gas explorationContinue Reading
