Go-ahead hopes for Namibia's Kudu gasfield
Exactly 40 years after it was discovered, the Kudu gasfield is moving towards a development decision
By the end of the year, agreements are targeted to be in place to allow work to start on the development of Namibia's Kudu gasfield - an achievement which has eluded companies large and small since its discovery in 1974. Plans call for gas from the field, lying 170 km off the southern part of the coast, to be landed to fuel a power-station to be constructed near Oranjemund, with the electricity to be sold in Namibia, Zambia and South Africa. Namibia's state-owned Namcor hopes to sign, by December, an agreement to farm-out a large part of its 54% interest in Kudu to a new participant, while Tullow, the operator, will retain its 31% and Itochu will retain the other 15%. Gas sales agreements w
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
