FNB Namibia launched its Exchange Traded Note (ETN) this week, which the bank said will allow Namibians to participate and access listed instruments in international companies like Apple, Amazon, Berkshire Hathaway, and Microsoft for as little as N$10. The ETN is listed on the Namibia Stock Exchange (NSX), allowing it to be purchased directly from...
TotalEnergies reports its latest deepwater drilling effort offshore Namibia has yielded positive results, suggesting another potential oil discovery. This comes as assessments regarding its commercial viability remain underway. According to Upstream, the drilling operation also targeted a northern extension of TotalEnergies’ extensive Venus discovery. This comes as, in 2022, TotalEnergies made a significant discovery of...
Portugal’s Galp Energia has reported positive indications of hydrocarbons from an exploration well targeting a 10 billion-barrel prospect in Namibia’s exciting Orange basin, although it is far too early to say if it has a discovery on its hands. The Lisbon-based operator began drilling its Mopane-1X probe on 17 November in Petroleum Exploration Licence 93...
NAMCOR announces successful completion of marine tanker jetty offshore industrial drill test – Business Express Skip to content Facebook Twitter LinkedIn Source link
Martin Endjala The National Petroleum Corporation (Namcor) has announced the successful conclusion of its Annual Marine Tanker Jetty Offshore Industrial Drill test. The drill, conducted in collaboration with the Namibian Port Authority (Namport), the Namibian Navy, Namibian Police Force, Walvis Bay Municipality Traffic Department and the Walvis Bay Fire brigade, took place at the Namcor...
Credit Suisse loaned hundreds of millions of dollars to Abramovich’s offshore companies, which used U.S. stocks as collateral, two new leaks reveal. The secretly-owned firms loaned each other massive sums that were mysteriously returned or written off, in what experts said could be a scheme to obscure the origin of the funds. Russian oligarch Roman...
Staff Reporter WALVIS BAY, November 13 — Portuguese energy giant Galp has recently enlisted the expertise of Fugro to conduct a comprehensive environmental and geophysical survey offshore Namibia. Completed earlier this month, the survey delved to depths of 2,000 meters, gathering sediment samples for environmental and chemical analysis, seabed video footage, in-situ full ocean depth...
The National Petroleum Corporation of Namibia’s Manager Of Marketing, Communications, and Public Relations, Paulo Coelho has provided an update on its offshore exploration and appraisal program, highlighting the successful drilling of the Venus-1A appraisal well, a flow test on the Venus-1X re-entry in Block 2913B. https://futuremedia.com.na/wp-content/uploads/2023/10/ENG-Paulo-Coelho-update.mp3 Source link
Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell. To date no oil or gas has been found in Uruguayan waters, but the licenses have...
FRENCH global multi-energy company TotalEnergies, which made oil and gas discoveries off-shore Namibia in 2022, has confirmed positive appraisal results from its Venus-1A well and a “positive flow test” at its Venus-1X well. Energy Voice, a leading global oil publication, said Total provided details on progress off-shore Namibia at it investor day on Wednesday, saying...