Engen Petroleum has set a new benchmark in road transport safety, becoming the first and only oil company in South Africa to achieve Road Transport Management System (RTMS) certification for its entire national fleet of heavy vehicles. Awarded by JC Auditors (JCA), this prestigious certification underscores Engen’s unwavering commitment to …
Read More »NAMCOR announces significant progress in offshore Namibia Exploration.
The National Petroleum Corporation of Namibia (NAMCOR) has announced significant updates on offshore exploration, appraisal, and development activities in the Orange Basin, one of the world’s most promising oil and gas regions. These developments span several blocks, with joint ventures and operators advancing exploration and appraisal campaigns to unlock the …
Read More »Namibia Undeterred by Shell Write-Down, Oil Exploration Continues Apace
Despite a recent $400 million write-down by Shell on its offshore oil discoveries, the Namibian government remains steadfast in its commitment to developing the country’s hydrocarbon potential. Shell, facing technical and geological challenges in extracting resources from its PEL39 block, determined that the discovered oil and gas were not currently …
Read More »Innovative Financing and Policy Support: Accelerating Renewable Energy Development in Africa
As Africa’s energy sector deregulates, exciting opportunities open up for financial innovation to benefit consumers. Private-sector buyers and traders can mitigate default risk and provide certified green energy at lower cost, writes Ana Hajduka, founder and CEO of Africa GreenCo. Africa’s renewable energy potential is undeniable, but it remains largely …
Read More »Positive oil, gas prospects on the radar
Namibia has emerged as a highly attractive E&P play, with a series of investors and project developers turning their attention to the high potential market. During the Invest in African Energy Forum in Paris, taking place ahead of the much-anticipated African Energy Week (AEW) conference and exhibition, scheduled for October …
Read More »Getting oil and gas working for Africa
Africa is yet to see anything close to a full return on its massive oil and gas resources. With one-third of the continent – almost 500 million people – still having no access to electricity, ending energy poverty across Africa is among the planet’s most urgent challenges. To address this, …
Read More »Namibia’s Historic Energy Potential to be Highlighted at African Energy Week (AEW) 2023 as the Country Emerges as Africa’s Newest Oil and Gas Epicenter, with Record-Breaking Finds
Considered one of the final frontier hydrocarbons markets in the world, Namibia has rapidly emerged as one of the hottest offshore plays following a series of high-impact discoveries Three major oil discoveries made in less than one-year, attractive fiscal policies and market-focused regulations, and a strong partner in the national …
Read More »Powering oil and gas production through the energy transition: a four-step guide
The energy transition can be a source of angst for oil and gas producers, but it doesn’t have to be a cause for concern – at least not in every context. In fact, when it comes to powering oil and gas production assets which are typically reliant on diesel power …
Read More »Eureka! Third Oil Discovery Announced
The National Petroleum Corporation of Namibia (NAMCOR), in partnership with Shell and QatarEnergy on 6 March announced a light oil discovery of oil in the Jonker-1X deep-water exploration well. The Joint Venture group comprises Shell Namibia B.V (45%), QatarEnergy (45%), and NAMCOR (10%). The well was drilled in Block 2913A …
Read More »Namibia Selected as a crucial mining and energy growth market
In the medium term, sub-Saharan Africa’s mining and energy sectors have selected NAMIBIA as a crucial growth market. This is because the outlook for the industries has generally improved, as a result of higher commodity prices, quick technological improvements, and a more accommodating local regulatory framework. Given that they have …
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