Namibia continues to yield exploration success
TotalEnergies explains it is seeking the ‘sweet spots’ to develop fields with unevenly distributed resources
TotalEnergies has confirmed a fresh discovery in Namibia amid ongoing drilling, marking more exploration success off the coast of the southern African country. The French major’s latest find was at the Mangetti-1X exploration well, where “we found again the hydrocarbon level of Venus, or the [field] extension to the north”, said CEO Patrick Pouyanne. But he warned that, although “there are a lot of hydrocarbons”, the discovery is “not a homogeneous field”, explaining “there are some sweet spots in terms of productivities and permeability”, that the company intends to identify and target. The CEO confirmed that “we have another exploration potential well on the south of Venus, and we also con
Also in this section
26 February 2026
OPEC, upstream investors and refiners all face strategic shifts now the Asian behemoth is no longer the main engine of global oil demand growth
25 February 2026
Tech giants rather than oil majors could soon upend hydrocarbon markets, starting with North America
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
25 February 2026
The surge in demand for fuel and petrochemical products in Asia has led to significant expansion in refining and petrochemicals capacities, with India and China leading the way






