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NEF hikes fuel prices

By GLENN-NORA TJIPURA Consumers should anticipate an increase in fuel prices beginning of September, the Ministry of Mines and Energy has announced. The expected price hike will see petrol increase by 60 cents per litre and diesel by 30 cents per litre. The development comes as authorities have announced that …

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The African Oil & Gas Sector Needs An Energy Boost

The past 18 months have torn through industry and sector globally, leaving behind complex layers of economic instability and financial growth uncertainty. For the oil and gas sector, these months have hit the bottom line like a hammer – as the African Energy Chamber (AEC) Africa Energy Outlook 2021 report …

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August fuel prices to remain unchanged

Authorities have resolved to keep the fuel pump prices unchanged for August The Ministry of Mines and Energy said petrol pump prices will remain at N$13.55 c/l and diesel prices will remain at N$13.58 c/l. In July under-recoveries of 91.236 cents/litre was recorded on petrol while 50ppm diesel recorded an …

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Reconafrica Completes Acquisition of Renaissance

By Glenn-Nora Tjipura The Canadian company Reconnaissance Energy Africa (ReconAfrica) on the 27th July announced that it has completed the previously announced acquisition of fellow Canadian explorer Renaissance Oil Corp. Renaissance is the onshore operator in Mexico with 100% working interest. Their shares are expected to be delisted from the TSX …

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North African Oil and Gas Producers Ready for Energy Transition.

Several players active in North Africa’s oil and gas space-producing countries, independent oil companies (IOCs), service providers, and others, are already signed up for Africa Oil Week in November this year. Africa Oil Week announced that the event is temporarily moved to Dubai as a Covide-19 safety measure, but will …

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Ministry keeps fuel prices unchanged

Namibia Ministry of Mines and Energy has decided to keep the fuel pump prices for June unchanged while still accommodating the Road User Levy increase of 7 c/l, effective 01 June. He said this following relatively low under-recoveries of 49 cents on petrol and an under-recovery of 23 cents on …

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Trevali committed to achieving overall Greenhouse Gas (GHG) emission reduction target of 25% by 2025

Trevali, a Canadian base metals company, has committed to achieving an overall Green House Gas (GHG) emission reduction target of 25% by 2025 from its 2018 baseline. “With the signing of this agreement with EMESCO we have taken a major step towards delivering on our commitment by securing renewable energy …

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3rd consecutive fuel hike on the horizon

New fuel prices are on the radar, according to the latest announcement from the Ministry of Mines and Energy. The authorities say the fuel price review for April 2021 has resolved to increase the price of petrol by 50 cents per liter and diesel by 50 cents per liter. The …

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Activists advise Agric Minister on oil drilling and fracking in the Kavango basin

Save Okavango’s Unique Life (Soul) have advised Namibia’s agriculture, water and land reform minister to work with other government ministries to introduce an immediate moratorium on Canadian oil and gas firm ReconAfrica’s current petroleum exploration activities in the Kavango region in Namibia. Save Okavango’s Unique Life (Soul), an alliance of …

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SeaBird exploration to target deep sea mining of minerals

Oslo-listed seismic company SeaBird Exploration is set to expand into seabed mining on the Norwegian continental shelf. The company aims to spin off and separately list its marine minerals business, Green Minerals, during the first quarter of 2021. “Strategically and operationally it makes sense to develop the marine minerals business …

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