Shell's write-down not impacting Namibia's development for oil: Alweendo

NAMPA

2025-01-10

20 August 2024 - Mines and Energy Minister Tom Alweendo pictured during his stakeholder engagement in the Zambezi Region (Photo: Contributed)

WINDHOEK, 10 JAN (NAMPA) –Mines and Energy Minister Tom Alweendo on Friday said Shell’s write-down for an offshore oil discovery will not significantly impact Namibia’s development of oil and gas.
This follows Shell’s announcement that it will write down around US.dollars 400 million (approximately N.dollars 7.5 billion) over an oil discovery offshore Namibia that it deemed commercially unviable.
The company said oil and gas resources discovered...

Restricted content

Namibia development resources

Oil & Gas

Aupindi backs Petroleum Amendment Bill

2026-10-07 08:36:22

Namibia urged to deepen indigenous participation in oil industry

2026-10-06 16:56:39

Navachab targets up to 29 million tonnes as mining capacity triples

2026-10-05 16:21:06

Namibia must turn offshore oil wealth into lasting economic value: Shimutwikeni

2026-10-05 14:07:56

Navachab records highest gold output

2026-10-04 08:30:11

Uanguta calls for stronger institutions ahead of Namibia’s oil production

2026-09-24 15:30:53

Amutse urges Namibia to turn pre-oil preparation into tangible benefits

2026-09-24 12:39:05

Namibia urged to strengthen public participation in critical minerals development

2026-09-22 17:01:10

Petrofund, SAIPEM sign MoU to boost local talent in oil and gas

2026-09-22 10:47:16

Kenya, DRC urge infrastructure planning for African industrialisation

2026-09-10 16:43:30

Dâures fertiliser project secures N$60 million funding

2026-09-10 14:10:53

Latest NAMPA photos

TUGUVA, 20 October 2026 - Kavango West Regional Council Chairperson Fillipus Tenga led a delegation to the residence of former President Hifikepunye Pohamba at Tuguva village in the Kavango West Region on Tuesday to offer condolences following the death of Pohamba's spouse, Namibia's second First Lady, Penehupifo Pohamba, who passed on Saturday. (Photo: Lylie Joel) NAMPA

NAMPA

WINDHOEK, 20 October 2026 - Commuters heading from Okahandja to Windhoek hitch a ride with the seven-seater vehicles at B1 City Station. (Photo: Molly Weyulu) NAMPA

NAMPA

WINDHOEK, 20 October 2026 - The Bank of Namibia head office in Windhoek. (Photo by: Molly Weyulu) NAMPA

NAMPA

WINDHOEK, 20 October 2026 - The Bank of Namibia head office in Windhoek. (Photo by: Molly Weyulu) NAMPA

NAMPA

WINDHOEK, 19 October 2026 (NAMPA) – Florida Ruhoze Haakuria of Ketungoutji Investment CC, trading as Pukaa Catering Services, confirmed that the restaurant is feeling the impact of the ongoing foot-and-mouth disease outbreak. (Photo by: Uakutura Kambaekua) NAMPA

NAMPA

WINDHOEK, 19 October 2026 – The usually bustling Oshetu Kapana Market in Katutura stands unusually quiet following a three-week strain caused by Foot-and-Mouth Disease (FMD) restrictions, which have choked the meat supply that drives the market’s local economy. (Photo: Uakutura Kambaekua) NAMPA

NAMPA

WINDHOEK, 19 October 2026 – Helmut Angula paying tribute to former first lady Penehupifo Pohamba during a prayer service held in her honour. (Photo: Andreas Thomas) NAMPA

NAMPA

GOBABIS - Ruth Kaukuata-Mbura, Swapo Regional Coordinator for the Omaheke Region (Photo: Contributed)

NAMPA