Grades 4, 5 and 6 are also expected to resume school this week countrywide with the exception of the Khomas region. “There are some real opportunities, from majors looking to pay down debts or distressed companies. <> To address comments or complaints, please Contact us. To complete the process, please follow the instructions in the email we just sent you. © Energy Voice 2020. That said, this move is “not the ideal way to do it. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Unusually, Africa Oil holds most of its[SA1]  exploration interests in three juniors: Impact Oil and Gas, Africa Energy and Eco Atlantic. Search the world's information, including webpages, images, videos and more. Police Unit to Arrest South African Ruling Party's Magashule? Nuunyango-George said the region has dispatched five teams led by the inspectors of education to assess the situation in the region. The companies lifted the stoppage in August. They had really good portfolios but couldn’t raise money in the market, so we provided them with capital,” he said. At some point I’m going to have to figure out how to exit and make money from them”. All Rights Reserved. The defendant at all material times employed the guard who is … Two factors drove this plan, “cost and expedience”. Nigeria dodges $1.5bn damages claim over Pan Ocean, Naturgy, Sonatrach tweak gas sales agreement, Switching to gas, Cenpower to save Ghana cash, Former Unaoil boss jailed for bribes to win $1.7bn contracts in war-torn Iraq, Hurricane sets aside £16.8m for Lancaster decom security after cancelling bond, Quensh moves to bigger base and hires new manager, Less than half of global green hydrogen pipeline to be operational by 2035 – Rystad. The sale of a stake in Kenya in 2016 to Maersk Oil gave Africa Oil an enviable pot of cash. Stresses Strict Supervision of Pepfar Funds, Bank Windhoek to Host Online Event On Smart-Agri Practices, Sinzongoro School Benefits From Fish Company. 4 0 obj Africa Energy announced the start of drilling on Luiperd-1 on August 28. Acting director Hilma Nuunyango-George said the region is not yet in a position to say whether some learners in the group that started this week did not report for school amidst Covid-19 fears as the teams are still busy sorting out matters. incorporated in terms of the laws of the Republic of Namibia, and at all relevant times duly registered as a security company as envisaged in the Security Enterprises and Security Officers Act, Act 19 of 1998. It is not just the oil price that is driving this caution, but also ESG concerns and uncertainty around the energy transition, Hill said. <>>> Get the latest in African news delivered straight to your inbox. Petrobras held the stake but was facing pressure to tackle its debts, while Africa Oil had a substantial cash pile, with management keen to buy production and revenues. The partnership declared force majeure on the project earlier this year. I have never seen the industry be quite so fearful as it is now.”. Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception. 2 0 obj All schools in Oshana region, with the exception of Erundu Combined School where a staff member has tested positive for Covid-19, have resumed classes. “I’m an oil price bull,” Africa Oil’s president and CEO Keith Hill said. endobj endobj 3 0 obj Eco found oil at two wells offshore Guyana. In the case of Erundu, Nuunyango-George said the school has been closed pending the Covid-19 results of staff members. By submitting above, you agree to our privacy policy. PRESIDENT Hage Geingob this afternoon said Namibia's 13 regions will remain in the current stage 4 of the Covid-19 state of emergency, while Erongo remains in stage 3. In its Advisory Opinion of 21 June 1971, the Court found that the continued presence of South Africa in Namibia was illegal and that South Africa was under an obligation to withdraw its administration immediately. x��Zmo�8� �A�Æ�Di�X�yk�k��6�������Y$v�NZ���̐�EŔٻŵ�-Q�!9|�����_���d寿fG'��������8g�ʮ���xV��5�qh2eÚ��~��n����ާ|T���_����Gvu��w Africa Oil intends to keep on hoping for the best, planning for the worst – and keeping a watchful eye on opportunities. AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 900 news and information items daily from over 140 African news organizations and our own reporters to an African and global public. “I’m an oil price bull,” Africa Oil’s president and CEO Keith Hill said. While Africa Oil’s CEO is an explorer, Hill said that such activities should be funded by cash flow, a strategy also displayed by another member of the Lundin Group, Lundin Energy. He drew comparisons between Kenya and work done in Rajasthan by Cairn India, formerly headed by Rahul. “The issue with Kenya is that it requires a massive amount of front end capital to go in before any revenue can be generated.

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