Newest African oil jackpot: Namibia must overcome a long-standing corruption curse
Corruption, inequality, and political instability are pressing concerns, as critics argue that ordinary Namibians may not benefit from the oil windfall.
Corruption, inequality, and political instability are pressing concerns, as critics argue that ordinary Namibians may not benefit from the oil windfall.
Two of Europeâs biggest energy companies are stepping up efforts to open a potentially giant oilfield off the coast of Namibia
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Shell Plc, Impact Africa and South African Energy Minister Gwede Mantashe were given leave to appeal a ruling that stopped the oil company from doing seismic surveys this year.Â
UK corporate bonds are being hit particularly hard by a toxic mix of political turmoil, high inflation and soaring interest rates.
The company said that by 2027 higher output from LNG facilities in Qatar and the US would allow it to replace its Russian flows, as it targets a 40 per cent increase in LNG production by 2030.
It would be better for Gwede Mantashe and his crew to direct their energy to sorting out Eskom and leave the Wild Coast alone.
Back in court: Natural Justice and Greenpeace join challenge to Shellâs seismic search for oil and gas off the Wild Coast.
Gwede Mantashe speculates, correctly, in Ivo’s view, that the opposition to seismic surveying is motivated by something other than environmental concerns.
What has offended is the fact that such surveys are part of a programme of exploration for oil and gas resources.