Portuguese oil company Galp Energia said on Sunday it had concluded the first phase of exploration in the Mopane field off the coast of Namibia and estimated it could have at least 10-billion barrels of oil. Galp said it conducted testing operations at the Mopane-1X well in January and theContinue Reading
JinkoSolar has announced that it has supplied 25MW of its high-efficiency N-type TOPCon panels for the first phase of a solar-powered hydrogen project which supports green iron manufacture at Namibia’s Oshivela plant. Once online, it will be Africa’s first commercial green iron plant and a significant milestone for the continent’sContinue Reading
The Ministry of Industrialization and Trade (MIT) last week sourced key inputs on four key policy and legislative framework documents, inclusive of the draft Special Economic Zone Bill (SEZ), National Informal Economy, Startups, and Entrepreneurship Development Policy (NIESED), Namibia Investment Promotion and Facilitation Regulations, and National Cooling Strategy. These lawsContinue Reading
The Executive Chairman of the African Energy Chamber, NJ Ayuk, highlighted the significant potential of the Orange Basin, suggesting it could hold up to three billion barrels of oil and 5.5 trillion cubic feet of natural gas. However, Ayuk emphasized that, for countries like Namibia, having substantial reserves is justContinue Reading
By Charmaine Musheko In our fast-paced digital era, data has transcended its mere informational status to become the lifeblood of businesses and organizations. Data is the bedrock of strategic decision-making, fostering innovation, giving the company a sense of direction, and fueling its sustainable growth. As a young Software Developer atContinue Reading
Australian Securities Exchange-listed copper company Noronex has expanded its interest in the Kalahari Copper Belt by acquiring an additional 25% stake in the Witvlei Joint Venture (JV) property. The move has increased Noronex’s share from 70% to 95% in the JV property, and also increases its holding in key projectsContinue Reading
Wia Gold has revised its Mineral Resource Estimate (MRE) for its Kokoseb deposit, which forms part of the Damaran gold project in Namibia – bringing the new estimate to a high of 66 million tonnes (Mt) at 1.0 g/t Au for 2.12 million ounces (Moz). The Kokoseb deposit’s size alignsContinue Reading
The Namibian Competition Commission (NaCC) has concluded its investigation against the Payment Association of Namibia (PAN) and nine (9) registered commercial banks, for alleged collaboration regarding interchange fees, which give rise to possible price fixing or market conditions. The Commission found that the relevant provisions of Part I of theContinue Reading
Shell has racked up yet another hydrocarbon discovery offshore Namibia, although it is too early to say if it is commercial. The Enigma-1X probe is being drilled in the supermajor’s prolific Petroleum Exploration Licence 39 by Northern Ocean’s semi-submersible drilling rig Deepsea Bollsta, which is being managed by Odfjell Drilling.Continue Reading
After losing Angola and other key players, the Organization of Petroleum Exporting Countries (OPEC) has set its eyes on Namibia for possible membership after a significant amount of oil was discovered within its shores. The latest discovery of oil in Namibia would easily make the country the fourth largest oilContinue Reading
