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Namibia eyes diversifying energy mix as oil stalls
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
Mopane offers Namibia learning curve
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
Moscow’s moves may impede Africa’s energy ambitions
Upstream projects may not benefit from Russia’s involvement, but South Africa might be seeking to become an importer of Russian molecules
Majors pull out of flagship South African gas projects
Without a pipeline of developments in place, the country’s energy crisis is poised to worsen
Namibia’s success boosts other frontiers
Exploration efforts are increasingly spreading into South African and even South American waters
Namibia continues to yield exploration success
TotalEnergies explains it is seeking the ‘sweet spots’ to develop fields with unevenly distributed resources
Karpowership charts unique course
The floating power station specialist discusses its plans in South Africa and elsewhere
Letter from Paris: Africa eyes future fuelled by oil and gas
A recent industry forum highlights how developing nations see hydrocarbons very differently from some in the West
Letter from Africa: Investors should look beyond region’s challenges
Opportunities abound as hydrocarbons remain crucial to growing energy needs
Namibia keen on active role as it firms up energy ambitions
The southern African country’s plans include NOC portfolio diversification and boosting domestic gas consumption
Many in the upstream sector see southern Africa as a particularly promising frontier
South Africa Namibia
Simon Ferrie
11 January 2022
Follow @PetroleumEcon
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Eco Atlantic expands in southern Africa

The AIM-listed independent will take over six licences in the region with its acquisition of Azinam Group

AIM-listed Eco Atlantic Oil & Gas has agreed to acquire independent Azinam Group, including its three South African licences and another three in Namibia. In return, Azinam will receive a 16.65pc stake in the combined company. The deal is expected to be concluded by the end of this month. Azinam’s portfolio includes operatorship and a 50pc stake in block 2B off the Atlantic coast of South Africa. Eco Atlantic plans to drill an exploration well there in the second half of 2022. Block 2B’s other stakeholders are Vancouver-headquartered Africa Energy Corp (27.5pc), Oslo-listed independent Panoro (12.5pc) and Stockholm-based Crown Energy (10pc). Eco Atlantic will also acquire 20pc in d

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