Too Much Gas? Namibia’s Oil Dream Takes a Detour

Namibia has been a frequently mentioned name when talking about the future global oil landscape. With potentially significant reserves, the southwestern African country eyed the status of fifth-largest oil producer on the continent. But then something happened: Big Oil discovered gas. A lot of it. Companies including Shell, TotalEnergies, Chevron, and Portugal’s Galp Resources are drilling for oil in the Orange Basin off the Namibian coast. They are striking oil, too. Shell struck oil at a prospect called Graff, estimated to contain up to…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com