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Norwegian company buys stake in Kudu Gas

Norwegian supplier of floating production services to the oil and gas industry, BW Offshore has confirmed involvement in the Kudu gas field as BW Kudu Limited, a wholly owned subsidiary of BW Offshore. BW Kudu Limited has entered into a Farm-Out Agreement for a 56% stake of the Kudu license …

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NEEEF Bill jeopardises Mining sector – Fitch Group’s Bmi research

According to BMI Research, a Fitch Group Company, the downside risk to the Namibian mining sector is the empowerment component of the New Equitable Economic Empowerment Framework (NEEEF) Bill. Fitch Ratings, a subsidiary of Fitch Group, last year adjusted the outlook on Namibia’s sovereign debt from stable to negative. Moody’s, …

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Namibia lifts Moratorium on new Uranium Exploration Applications

The Namibian government recently announced the lifting of a 10-year moratorium on new applications for exploration licences on nuclear fuel minerals. The Ministry of Mines and Energy announced in a statement that it is withdrawing the reservation of any area in Namibia from any prospecting and mining operations in respect …

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