Chevron on Wednesday said it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin. The U.S. oil producer said the well provided valuable information about the basin...
Tower Resources plc has entered into a US$4.375 million farm-out agreement with Prime Global Energies Limited for a 25% non-operated stake in its PEL96 license offshore Namibia. Under the agreement, Prime will...
The European Union (EU) and Namibia have unveiled a partnership with the potential to mobilise N$400 billion in private investments for Namibia’s green hydrogen (GH2) sector. EU Ambassador Ana Beatriz Martins announced...
B2Gold invested N$324 million (US$17 million) in its Otjikoto Mine in Namibia in 2024, resulting in the production of 198,142 ounces of gold. The output aligns closely with the mid-point of its...
The African Development Bank (AfDB) says since the mining industry is very capital-intensive, its direct employment effect (1.7% in 2018) is relatively low compared to the monetary value of its output. The...
Namibia has been recognized as a regional frontrunner in the shift toward renewable energy, securing the second-highest position in Africa and ranking 68th globally in the 2024 Energy Transition Index (ETI). The...
Wia Gold Limited says it will ramp up exploration at its Kokoseb Gold discovery in January with the addition of two reverse circulation (RC) rigs, increasing its drilling fleet to three RC...
By Shakwa Nyambe Shell has recently announced a US$400 million (about N$7.5 billion) write-down concerning its oil discovery in the PEL39 block in the Orange Basin off the coast of Namibia, stirring...
By Stanley Kambonde In the mining world, there’s a huge difference between discovering resources and producing them. While large international companies (‘majors’) have access to large amounts of capital and are capable...
Galp has announced the appointment of Maria João Carioca, Chief Financial Officer (CFO), and João Diogo Marques da Silva, Executive Vice President (EVP) of Commercial, as interim co-Chairmen of the Executive Committee...
