TotalEnergies has announced that it has made a significant oil discovery off the coast of Namibia. “The Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality...
Namibia’s mining sector has invested N$14.1 billion in the domestic economy over the past three years, statistics from the Bank of Namibia (BoN) have revealed. BoN Governor Johannes !Gawaxab on Tuesday said...
According to the latest data from the SA Central Energy Fund, the South African petrol price is currently set for a hike of around R1.25 a litre, while diesel could be increased by...
The Antwerp World Diamond Centre (AWDC) says it traded Namibian diamonds valued at over N$1.98 billion (US$ 133 million) last year. The Belgium-based AWDC is a public/private corporation, officially representing and coordinating...
Oil prices surged over 2% on Monday to their highest in more than seven years as Ukraine's president declared a "day of unity" for February 16, a date that some Western media...
National power utility company NamPower says it has invested N$50 million in two mobile substations, which it expects to take delivery mid 2022. A mobile substation is a self-contained trailer or container...
Shell is within hours of spudding an appraisal well on its major Graff oil discovery offshore Namibia, a find that could contain about 400 million barrels of oil. Informed sources say that...
Grindrod Ltd., the Johannesburg-listed logistics operator, plans to triple capacity at its drybulk port terminals in Mozambique to cater for growing demand for coal exports from neighbouring South Africa, the company said...
Fitch Ratings has affirmed Namibia Power Corporation (NamPower) Long-Term Issuer Default Rating (IDR) at 'BB' with a Negative Outlook. According to Fitch, NamPower's rating is constrained by the country’s sovereign (BB/Negative) under...
Namibia’s decision to set up an oil refinery in the country will depend on the quality and quantity of the discovered fossil fuel, The Brief has learnt. Mines and Energy minister Tom...
