27 April 2018
Namibia's revival
The majors are starting to take strategic offshore positions
A lack of commercial discoveries and 2014's oil price crash collapse meant that Namibia's elevation to an African frontier hotspot, following promising drilling results, was short-lived. But the country's upstream is finally gaining attention again from the majors and new drilling is planned for later this year. ExxonMobil is the latest heavy hitter to expand its position in Namibia. At the end of January, Portugal's Galp announced that it was in the process of farming-down its Petroleum Exploration Licence (PEL) 82 in Namibia's Walvis basin to the supermajor, subject to regulatory approvals. The deal would leave both companies with a 40% stake in the licence, with Galp retaining operatorshi
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
