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
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
