Business Express Namibia

BREAKING: Galp finds more light oil & gas offshore Namibia Portuguese oil and gas company Galp has struck light oil and gas-condensate in the first well within its second exploration and appraisal program in the Orange Basin, where oil discoveries were made during the first campaign within license PEL 83 off the coast of Namibia, close to discoveries made by Shell and TotalEnergies. Saipem’s Santorini drillship spud the Mopane 1-A appraisal well (well #3) on October 23, 2024. The well is located in blocks 2813A and 2814B within the heart of Namibia’s Orange Basin, said to be emerging as one of the world’s most prospective oil and gas regions. This is the first of up to four wells that are part of a campaign potentially consisting of two exploration wells and two appraisal wells. In an update on Friday, November 29, Galp confirmed that it had drilled, cored, and logged the Mopane-1A appraisal well in PEL83. According to the company, the well encountered light oil and gas-condensate in high quality reservoir-bearing sands. The Portuguese player underlines that this once again indicates good porosities, high permeabilities, and high pressures, as well as low oil viscosity characteristics with minimum CO2 and no H2S concentrations. #Namibia #oil #discoveries Tom Alweendo Namibia Petroleum Operators Association (NAMPOA) Ministry of Mines and Energy Namibia (MME) Namibia Youth Energy Forum Fanuel SHINEDIMA Galp NJ Ayuk JD, MBA. OPEC Namibia Oil and Gas Conference Namibia International Energy Conference Nangula Nelulu Uaandja Namibia Investment Promotion and Development Board (NIPDB) Sintana Energy Inc. (TSXV: SEI) (OTCQX: SEUSF) NAMCOR NAMIBIA

SNC Incorporated ranked as a recommended firm in Namibia by IFLR1000 2024 rankings SNC Incorporated has announced its remarkable achievement in the IFLR1000 2024 rankings. The firm has been ranked as a Recommended Firm in Namibia and awarded a Tier 3 ranking in the Financial and Corporate practice area, which affirms its status as a leader in the Namibian legal market. #law #Namibia #rankings Shakwa Nyambe, LL.M (UK) https://lnkd.in/dCxUxW6s

NaCC fines Choppies N$2.2 million for entering merger without approval The Namibian Competition Commission (NaCC), and Choppies Supermarket Namibia (Pty) Ltd (Choppies) entered into a N$2.2 million settlement agreement following the Commission’s investigation which found that Choppies has contravened Chapter 4 of the Competition Act 2 of 2003, for implementing a merger without the approval of the Commission. https://lnkd.in/dNpj_WR9

O&L Group celebrates 2024 persona awards The Ohlthaver & List (O&L) Group celebrated their high-performing operating companies (OpCo’s) at the annual O&L Persona Awards, held on Friday, 22 November 2024, at O&L Leisure’s mountain paradise, Midgard. This inaugural, prestigious event celebrates the exceptional performance of O&L Group operating companies, recognising those who embody the core values of the O&L Persona of being authentic, caring and passionate. https://lnkd.in/d3wQBifr

Starlink not licensed to operate in Namibia - CRAN The Communications Regulatory Authority of Namibia (CRAN) has said that Space Exploration Technologies, Inc. ("SpaceX," also known as Starlink), an international aerospace company offering Low Earth Orbit (LEO) satellite communication services, is not licensed to operate in the Republic of Namibia. Following an investigation, CRAN has established that Starlink is operating a network within Namibia without the required telecommunications license. On 26 November 2024, the Authority issued a cease-and-desist order to Starlink, instructing the company to immediately cease all operations in Namibia. #Internet #communication #Namibia Mufaro Nesongano Emilia Nghikembua https://lnkd.in/dnkNXFJy

The future of wealth management By Katja Meier A number of variables such as changing client demands and expectations, technological advancements and the growing importance of the concept of generational wealth are driving a significant transformation in the traditional wealth management environment. https://lnkd.in/dXarhQb3

Navigating a smoother investment journey with the Alexforbes Namibia Navigator By Frederick Muller At Alexforbes, our mission is to craft advice-driven investment solutions that address the evolving needs of our clients. In today’s dynamic financial landscape, traditional investment products often fall short of offering both value and stability. Recognizing this gap, we are proud to introduce an innovative solution tailored to the Namibian market: the Alexforbes Namibia Navigator. https://lnkd.in/dBJ-QbCr

ReconAfrica completes drilling at Naingopo well in Namibia Canadian company Reconnaissance Energy Africa Ltd. (ReconAfrica) has reached a new milestone at its project in Namibia, after successfully completing drilling operations at the Naingopo well. This field is located in the Petroleum Exploration License PEL 73 and has reached a total depth of 4,184 meters, exceeding the initially projected depth of 3,800 meters. https://lnkd.in/duwr7q-w

NUST concludes second TVET Symposium 2024 The Namibia University of Science and Technology (NUST Namibia) recently concluded the second Technical and Vocational Education and Training (TVET) Symposium in Windhoek. The event – held under the theme ‘TVET Transformation Trends in Namibia’ – was hosted by the Department of TVET under the School of Human Sciences and the Faculty of Commerce, Human Sciences and Education, and was sponsored by GIZ ProTVET. https://lnkd.in/di5EuVMk

The role of the ICT industry in enabling the development of green hydrogen in Namibia By Helene Vosloo Green hydrogen has emerged as a promising clean energy solution in Namibia's efforts to transition away from fossil fuels and towards a low-carbon economy. Derived from renewable sources like solar and wind, green hydrogen offers a sustainable pathway for energy production. The Namibian government has recognised this potential, approving green hydrogen production projects in rural regions, particularly //Karas, Erongo, and Kunene. These projects require robust Information and Communication Technology (ICT) infrastructure to ensure reliable data communication and operations management. https://lnkd.in/dR9UK_ah