Energy

Namibia requires a fit-for-purpose Oil and Gas blueprint

Namibia requires a fit-for-purpose Oil and Gas blueprint

Martin Endjala Namibia requires a forward-looking, fit-for-current and future-purpose Oil and Gas value blueprint and strategy. Jason Kasuto, the managing director of Monasa Advisory and Associates and chairperson of the Economic Association of Namibia, said this last week at the 2024 Africa Energies Summit in London. Kasuto emphasised the importance of using foresight tools like the Namibian Socio-Economic Assessment Model (SAM) to analyse the potential impact of future oil and gas spending across various sectors. “We must start with a thorough analysis of potential impacts across various sectors by applying socio-economic impact foresight tools such as the SAM, which is…
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Robust partnerships needed to achieve clean cooking goals

Robust partnerships needed to achieve clean cooking goals

Niël Terblanché Cooking on fires fueled by wood or animal dung has severe health, environmental, and gender equality implications, leading to approximately 600,000 premature deaths annually, mostly among women and children around the world. The Minister of Agriculture, Water, and Land Reform, Calle Schlettwein, stressed an urgent need for robust partnerships with industrialised countries, multinational companies, and the global private sector to finance clean cooking initiatives across Africa. Schlettwien spoke at the Summit on Clean Cooking in Africa, which is currently underway in Paris. He pointed to the financial constraints that have impeded Namibia and many other African countries from…
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Paladin secures seven offtakes for uranium

Paladin secures seven offtakes for uranium

CHAMWE KAIRA Paladin Energy, which owns the Langer Heinrich Mine has secured seven offtakes for its uranium production, the company announced this week. The company said strong demand for nuclear energy is driven by global decarbonisation worldwide. Paladin notes that nuclear energy is the second largest source of global clean energy with almost zero carbon emissions. It also noted that Chinese demand for nuclear energy is expected to grow from 15% to 33% of global requirements by 2040. Paladin said 19 million pound of uranium oxide production is contracted to the year 2030 representing 48% of volume. The company also…
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Installed renewable capacity stands at 30%

Installed renewable capacity stands at 30%

CHAMWE KAIRA Namibia has excellent renewable energy resources, however, installed renewable capacity in the country is just over 30% of total generation, the World Bank has estimated. The bank now wants to help Namibia to strengthen the power grid, which it says is critical to enabling the integration of more variable renewable energy sources in the system. The World Bank is now planning to help Namibia to minimize outage risks, support load growth, and unlock future opportunities for power trade in the Southern African Power Pool. The bank said the US$138,5 million project funding by IBRD Fund for Innovative Global…
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Alweendo denies promoting foreign investors above Namibians

Alweendo denies promoting foreign investors above Namibians

Martin Endjala The Minister of Mines and Energy, Tom Alweendo, on Tuesday denounced the notion that he is promoting foreign investors above Namibians. He said this during a meeting with the Namibia Local Business Association (NALOBA). “I am not promoting foreign investors above Namibians, as this is the notion being spread around. What I am saying is that as Namibians, we need to compete amongst each other and not against the likes of Shell or TotalEnergy so that we develop the businesses to take over the industry. The notion that I do not want Namibians to participate is totally wrong.…
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Oil and Gas puts Namibia on the brink of economic boom

Oil and Gas puts Namibia on the brink of economic boom

Terblanché Bank of Namibia Governor Johannes !Gawaxab has indicated that the recent oil and gas discoveries off the coast of Namibia hold the transformative potential to double the nation’s Gross Domestic Product (GDP) and substantially increase its economic output. central bank’s governor predicted amid a period where exploration activities have already marked a positive influence on the economy, contributing an estimated growth of 0.4 percent annually between 2021 and 2023. !Gawaxab said that as exploration ventures intensify, these contributions are anticipated to soar, ushering in a new era of prosperity for Namibia. He emphasized the potential for currency appreciation as…
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Namibia to host inaugural Global African Hydrogen Summit

Namibia to host inaugural Global African Hydrogen Summit

Erasmus Shalihaxwe Namibia is set to host the inaugural Global African Hydrogen Summit (GAH2S) in Windhoek, from 3 - 5 September 2024. Namibia Investment Promotion and Development Board Senior Manager for Marketing, Branding & Communications Catherine Shipushu announced this today in Windhoek.She said the summit will be hosted under the theme “From Ambition to Action: Fuelling Africa’s Green Industrial Revolution”. Adding that the summit will focus on the strategic role Africa expects to play in the global hydrogen market and will facilitate collaboration and advance dialogue across policy, investment and the emerging hydrogen value chain.“Following the initial announcement made as…
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SNC Incorporated: Empowering Namibia’s Energy Oil and Gas Sector

SNC Incorporated: Empowering Namibia’s Energy Oil and Gas Sector

As Namibia celebrates another year of independence, it is a moment to reflect on the steps made in various sectors, particularly the growing oil and gas industry. The exploration and exploitation of natural resources has opened opportunities for both domestic and international investments, positioning Namibia as a key player in the global energy landscape. Since its inception, SNC Incorporated has managed to carve out a niche as a leader in Namibia’s legal landscape, particularly in the energy, natural resources, commercial and dispute resolution sector. The Windhoek based law firm has built a reputation for excellence and integrity, setting new standards…
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USAID grant significantly boosts Namibia’s Green Hydrogen initiative

USAID grant significantly boosts Namibia’s Green Hydrogen initiative

Niël Terblanché The United States government, through its USAID Mobilizing Investment project, has announced a generous grant of N$19 million to Namibia Hydrogen Fund Managers (Pty) Limited. This critical financial injection is aimed at supporting the ambitious N$22 billion Sustainable Development Goals (SDG) Namibia One Fund, marking a major milestone in Namibia’s journey towards sustainable development and green energy. The SDG Namibia One Fund unveiled at the United Nations Climate Change Conference COP-27 in November 2022, stands as Namibia’s premier finance vehicle dedicated to the burgeoning green hydrogen industry. It is set to play a critical role in managing a…
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Oil rig leaves Namibia

Oil rig leaves Namibia

Northern Ocean Ltd, which has been operating an oil rig offshore Namibia has said that a subsidiary of Shell Plc did not exercise the remaining option available under the Deepsea Bollsta contract for work in Namibia. The Deepsea Bollsta is available from June 2024, and the company continues its ongoing dialogue with potential customers in the West African region and in harsh environment markets. The Deepsea Bollsta successfully transited from Norway to Namibia in December 2022 and commenced drilling exploration and appraisal wells in the Orange Basin. “The rig has maintained outstanding performance with the crews demonstrating the superior capabilities…
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