The Economic Association of Namibia (EAN) says it will run a study to see how ready Namibian businesses are to take advantage of developments in the oil and gas sector. Speaking at the media launch of the fourthth National Oil…

CANADIAN-LISTED Vatic Ventures Corporation (Vatic) has received approval to purchase rights to two exclusive prospecting licences in the Erongo region after a 13-month wait. Vatic signed an agreement with Velvet Clean Energy Corporation (Velvet) to acquire an interest in two…

Ongwe Minerals Inc has closed its capital raise to Namibian investors early after demand exceeded the shares available. Cirrus Securities, which is facilitating the Namibian leg of Ongwe Minerals’ capital raise, announced that the offer closed before the 17h00 deadline…

A campaign to raise funds for Cuba has secured N$700 000 in donations from Namibians, which will be used for critical medical supplies. The Namibia National Solidarity Campaign in Support of Cuba was launched in April in response to the…

The National Petroleum Corporation of Namibia (Namcor) says the decision to award Vitol a three-month deal to supply fuel to Namibia is “commercially beneficial” and “aligned with national objectives”. Namcor’s statement on Friday follows concerns raised by parliamentarians and the…

High fuel prices since March have increased production costs for the Namibian mining sector, as fuel is an important input for haulage, transport and on-site operations. The Chamber of Mines monthly update for March to May, released on Thursday, says…

Minister of international relations and trade Selma Ashipala-Musavyi says Namibia’s relationship with Portugal still has room for growth, especially in trade and investment. The minister’s remarks were delivered by acting head of the bilateral department Charles Josob at a celebration…

The Independent Patriots for Change (IPC) says energy minister Modestus Amutse’s reason for awarding Vitol a three-month deal to supply the country with fuel raises more questions than it answers. The IPC statement released on Thursday comes after Amutse answered…

Sintana Energy’s management says it would be open to selling its exposure to petroleum exploration licence 83, which is the site of the massive Mopane oil discovery. Sintana is a Canadian oil exploration company with an indirect interest in six…

Energy minister Modestus Amutse says international oil trader Vitol was awarded the tender to supply fuel to Namibia for the next three months because the company required no government guarantees. Amutse was responding to questions from parliamentarians in the National…

QatarEnergy and Shell have announced a new oil discovery off the coast of Namibia. The two oil companies are partners in petroleum exploration licence (PEL) 39 in the Orange Basin and announced the discovery on Tuesday. “Shell, alongside its partners…

Former Namcor acting managing director Maureen Hinda-Mbuende has criticised the government’s decision to award international oil trader Vitol through its subsidiary Vitol Bahrain E.C a N$7.2 billion deal to supply Namibia with fuel for three months. Hinda-Mbuende’s comments come at…