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

Petroleum Bill passes second reading with NEFF's backing

2026-10-22 14:20:13

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

Latest NAMPA photos

ARANDIS, 12 November 2026 - Charcoal processing operations by the Green Charcoal Namibia Chief Executive Officer at Arandis. The company currently has the capacity to process 100 000 tonnes of charcoal annually, package 40 000 tonnes in paper bags and produce 8 000 tonnes of briquettes. (Photo by: Isabel Bento) NAMPA

NAMPA

ARANDIS, 12 November 2026 - Green Charcoal Namibia Chief Executive Officer Jean-Daniel Goblet looks on as Arandis Town Council Chief Executive Officer Stanley Norris signs the land expansion agreement between the two entities. (Photo by: Isabel Bento) NAMPA

NAMPA

WINDHOEK, 12 November 2026 - A house in Namibia costs N$1 502 539 on average, N$122 497 more than the N$1 380 042 a year ago, the FNB House Price Index Report issued on Wednesday shows. (Photo: Contributed)

NAMPA

WINDHOEK, 12 November 2026 - Namibia imported N$2.2 billion of petroleum oils, N$246 million of sugar and sweets and N$387 million of beverages in September, as the trade deficit widened to N$4.7 billion. (Photo by: Chelva Wells) NAMPA

NAMPA

WINDHOEK, 20 March 2025 - Swapo Party MP Sharonice Busch, (Photo: Contributed) NAMPA

NAMPA

WINDHOEK, 20 March 2026 - Affirmative Repositioning leader Job Amupanda. (Photo: Contributed) NAMPA

NAMPA

WINDHOEK, 12 November 2026 - President Netumbo Nandi-Ndaitwah welcomed increased Namibian participation in the energy sector during a courtesy visit by the leadership of Nasan Energies. (Photo: Contributed)

NAMPA

NKURENKURU, 11 November 2026 - NTA contractors and sports ministry officials assessing the progress at the Nkurenkuru multi-purpose centre on Wednesday. (Photo: Lylie Joel) NAMPA

NAMPA