Mines and Energy Minister Tom Alweendo stated that Shell's announcement regarding the unviability of discoveries in PEL39 is unfortunate but will not hinder Namibia's oil and gas development. …
Economist Mally Likukela unpacked the potential effects and challenges of the 2024/25 budget review tabled by the Minister of Finance, Iipumbu Shiimi, in October last year.
Shell Namibia says the US$400 million write-down of its petroleum exploration license, PEL 39, is not a complete walkaway from the asset but rather a normal accounting procedure.
The National Petroleum Corporation of Namibia (Namcor) remains optimistic that Namibia will become a crude oil producer, despite an announcement by Shell that its offshore oil discovery is not…