TotalEnergies, BWEnergy set to decide on Namibia projects 'late next year'
Maggy Shino said at a conference in Paris that she expects TotalEnergies to submit its first oilfield development plans for approval in June or July.
Shino added that Namibia expected to finalise another field development plan with Norway's BWEnergy to develop the country's smaller Kudu gas field in June, with a FID also coming in late 2026.
In January Shell wrote down its Namibia oil discoveries as uncommercial due to a high amount of gas in the fields, dampening initial enthusiasm that the southern African country, which has no hydrocarbon production, could become a major producer.
TotalEnergies CEO Patrick Pouyanne has said he believes the French oil major can handle those geological challenges, but that a FID will depend on whether production costs can be kept under an internal requirement of $20 per barrel.
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The pitches reflected the creativity, resilience, and entrepreneurial spirit proudly fostered under the leadership of Rayhaan Survé and the iASA team. The iASA Competition Day included a networking lunch, which provided the students with an excellent opportunity to connect with investors and key players driving innovation in South Africa and concluded with the announcement of the competition winners. Attendees witnessed young high school learners step up and deliver their pitches for their start-up businesses with a cool, calm and collected demeanour. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading The four startups included: Excelle Media, a social media agency aiming to amplify the voices of SMMEs and help them grow their online presence. SlaéPure, an organic healthcare product geared towards tackling teen acne. 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'When I heard about the programme, and that it helps small entrepreneurs, that is when I wanted to come in. It was real. If I had never had this experience, I would think that starting a business was a quick or easy thing, but I'm glad for the iAccelerate SA programme, because it helped me overcome my fear,' Babake said. 'It's not every day that you speak in front of 150 people, and now I have the belief that I can do it.' Athlone High School principal, Vincent Hendricks, one of the judges in the competition, said that he was blown away by their presentations. 'Their confidence and assertiveness levels have been encouraged and refreshing to witness. The youth are our future, and with so much disenchantment and unhappiness with politicians, it is up to us. We must help one another, and we must dig deep and encourage our young people.' Competition Day for iAccelerate SA at the Islamia College Hall where 25 young entrepreneurial learners will compete for... Posted by IOL News on Saturday 26 July 2025 Beyond the competition, this event serves as a powerful gathering of young minds committed to driving economic and social impact through innovation. Survé Philanthropies proudly sponsored this initiative and event as part of their broader mission to uplift communities and invest in human rights, education, health and social justice. Rayhaan Survé, the deputy chairman of Sekunjalo Investment Holdings (SIH) and the Survé Family Office, said that iAccelerate SA 2025 is just the beginning. 'We've been quietly working and planning towards how we can create a more comprehensive program, and how we can create something that is lasting across multiple different levels, and which extends to different parts of the country. 'I am very excited to announce that as a family, we'll be putting R10 million towards developing similar programs - investing in our students and investing in our communities to help grow entrepreneurship in South Africa.' The pitches reflected the creativity, resilience, and entrepreneurial spirit proudly fostered under the leadership of Rayhaan Survé (above) and the iASA team. Image: Ian Landsberg/Independent Media Dr Iqbal Survé parting wisdom to some of the participants. Image: Ian Landsberg/Independent Media Attendees keenly heard the young entrepreneurs excitedly pitched their ventures to a panel of judges and potential investors. Image: Ian Landsberg/Independent Media Survé said that while the iASA 2025 program was geared towards teenagers, they will be using the funds to develop two additional programs, one at the university level and another for young professionals. Furthermore, the funds will also be used for grants, bursaries and direct investment into the students' projects. The Survé Family also invited other investors keen on fostering young entrepreneurs to join them, as it is an investment in the spirit and unity of our society. Survé added that the first cohort will be instrumental in taking the program to new heights. The first alumni of iASA will form part of the support team for the students who will follow them. South Africa's entrepreneurial future looks bright, judging by the driven and intelligent leadership on display at the first iAccelerate SA Competition Day in Lansdowne, with the commitment from the Survé family to fostering entrepreneurship. Loot sponsored tablets for the students. Other sponsors included UWC, Spur, Nando's, Lula and the Sakhikamva Foundation.
