Saturday , November 2 2024

Oil

Namibia’s Oil Boom: A New Wave of Drilling

 A flurry of exploration activity is set to kick off in Namibia’s offshore waters, with the arrival of the drilling rig Santorini signalling the start of a new wave of oil exploration. The Saipem-owned rig, en route to the Mopane field, owned by Portuguese energy giant Galp Energia, is the …

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New gas projects booming in Africa, but can the continent secure its future in a changing energy landscape?

The pipeline of gas projects being developed in Africa has never been stronger. However, if the continent is to be competitive in an extremely dynamic international gas market, it must ensure that it offers value. This means shaping an offer that meets the financial and environmental sustainability needs of stakeholders. …

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Namibia Strikes Oil: Can Local Content Fuel Prosperity?

Black gold fever has gripped Namibia, with recent oil and gas discoveries sparking a national conversation about reaping the rewards. The spotlight shone brightly on ‘Namibian Content’ at the just-concluded Namibia International Energy Conference, drawing over 750 delegates eager to explore this potential economic game-changer. But what exactly is local …

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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 …

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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, …

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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 …

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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 …

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Oil pipeline from Mozambique on the cards

President Hakainde Hichilema has announced the country’s intentions to build a pipeline to transport oil products from the port of Beira, Mozambique. Supporting the vision, Mozambican transport minister Mateus Magala said a boom in mineral resources in Zambia means that Mozambique should plan to increase the volume of cargo that …

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‘We need to insist that processed minerals are used as inputs into locally manufactured goods’

The Minister of Mines and Energy, Tom Alweendo believes that it is through the exploitation of its raw materials that Namibia has a clear window of opportunity to transform the economy and effectively address the triple social ills of unemployment, poverty, and inequality. He said currently, Namibia’s biggest socio-economic challenge …

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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 …

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