Category: Oil and Gas
Fuel Prices Set to Increase
By: Loise Shiimi Fuel consumers will need to dig a little deeper into their pockets starting on 5 February, as the Ministry of Mines and Energy has announced an increase in petrol prices by 42 cents per litre,…
Assessments and Exploration Continue on Nam Oil Prospect …no commercial finding yet
Nghiinomenwa-vali Erastus Drills at over four Blocks with different wells, in which the country’s oil and gas company, Namcor is involved, have not revealed any commercially viable oil reserves yet. The National Petroleum Corporation of Namibia (Namcor), in their operational…
TotalEnergies To Finalise Financial Investment Decision In 2025
Nghiinomenwa-vali Erastus Despite Shell’s recent decision to write down the value of its reserves in Petroleum Exploration Licence (PEL) 39, TotalEnergies is on track to make its Final Investment Decision (FID) this year for its own oil block….
Shell’s N$7.5 Billion Write-Down Not an Industry Setback, Analysts Say
Justicia Shipena, David Shoombe, and Rudolf Iyambo Oil and gas analysts believe that Shell’s N$7.5 billion ($400 million) write-down of its offshore Block PEL39 does not signify a setback for Namibia’s burgeoning oil sector. Shell recently announced the…