Browsing: Namibia Oil and Gas industry

• Namibia elections on Wednesday might be the most competitive election yet for the ruling SWAPO party.
• SWAPO has seen its popularity dwindle in Namibia as the populace grows increasingly frustrated with corruption, excessive inequality, and a lack of employment opportunities.
• Namibia’s election system allocates the 96 elected seats in the National Assembly based on the percentage of the votes won by each party.

Socioeconomic Political Dynamics in Namibia Elections

According to the World Bank, Namibia is an upper-middle-income country with high levels of poverty and inequality. According to a government study in 2021, 43 percent of the population lives in “multidimensional poverty,” which includes income and access to education and public services. Moreover, Namibia ranks second in the world for income disparity, after only neighboring South Africa. Both nations endured decades of white minority domination.

Namibians go to the polls on Wednesday in what many predict will be the most …

• Namibia’s Mopane field could hold up to 10 billion barrels of oil, Galp announces.
• Tests on Mopane-1X well in January and the Mopane-2X well in March gave highly promising findings.
• Exploration success in Namibia could pave the way for a new revenue stream for Galp.

Portuguese oil company Galp Energia has set the stage for a potential game-changer in the global energy industry with its announcement at the weekend regarding the Mopane field off the coast of Namibia.

Following the conclusion of the first phase of exploration, Galp projects that the Mopane field could hold up to 10 billion barrels of oil, marking a huge step in the evolving oil and gas industry in Namibia.

Gap noted that testing operations were undertaken at the Mopane-1X well in January and the Mopane-2X well in March gave highly promising findings. The company noted the discovery of significant light oil columns in …