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Andean upstream feels the heat
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
Unlocking Energy Potential: PERUPETRO Launches Investor Search for Offshore Block Z-69
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.
Pemex scrambles to plug the gap
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
Gas E&P enters the danger zone
Two consecutive years of sub-par hydrocarbon discoveries signal a precarious time for the energy world
Brazil rides a production wave
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
Libya’s NOC sees E&P optimism through the anger
North African producer hopeful of bringing in IOCs despite the disagreements over terms as latest bidding round is launched
Argentina poised to surpass record oil production
Imminent midstream additions in the Vaca Muerta set the stage for sharp jump in upstream growth
Africa’s new producers struggle for financing
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
Kazakhstan struggles with energy balance
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
Deepwater Development Conference overview
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
Windhoek, Namibia
Namibia Upstream
Simon Ferrie
12 June 2023
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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

Namibian NOC Namcor has set its sights on being more than just a passive partner in its burgeoning upstream sector. The state company is seeking to buy into assets beyond Namibia and intends to start operating its own fields in the near future. Namcor is looking to farm into Angola’s offshore Block 15/06, Shiwana Ndeunyema, Namcor executive for business strategy and performance, confirms. The offshore block is one of the eight licences operated by Azule Energy, the standalone joint venture formed last year when BP and Italy’s Eni combined their upstream Angolan assets. Block 15/06 already has fields in production, including Ndungu, Cuica and Cabaca North, as well as the 100,000bl/d Ngoma flo

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Andean upstream feels the heat
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
Fifty years of oil trading
14 May 2025
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OPEC+ keeps more barrels off market in April
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Australia’s post-election energy priorities
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference

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