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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
Eco Atlantic sees promise on the frontiers
The independent tells Petroleum Economist it sees further opportunities in Guyana, South Africa and Namibia
Fresh oil find stokes Namibian interest
The southern African nation continues to deliver exploration success
Rising costs threaten Mozambique LNG
As security improves, TotalEnergies has other concerns
Venus appraisal set for first-quarter start
The Orange basin’s promising upstream looks likely to gather momentum in 2023, once again led by the flagship Venus and Graff discoveries
International firms compete for Uruguayan blocks
The country’s frontier upstream continues to attract interest
Mozambique upstream progress defies unrest
The east African country continues to attract investment in oil and gas projects, but concerns over security are still impeding developments in the gas-rich north
Exodus from Canada’s oil sands continues
Companies are still fleeing the carbon-heavy assets, despite the industry committing to net-zero emissions by 2050 through the Pathways Alliance
Namibia also benefits from advantageous fiscal terms
Namibia Shell TotalEnergies
14 July 2022
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Namibian frontier continues to generate excitement

A range of factors appear to be in alignment for the southern African nation

Namibia has become the exploration hot spot of Africa, if not the world, over the last 6-8 months, says Siva Prasad, senior analyst at consultancy Rystad Energy, following the back-to-back successes of TotalEnergies’ Venus and Shell’s Graff discoveries. “Namibia is still considered underexplored in most of its blocks,” Prasad continues, and there are “increased reports of operators with plans to sink exploration wells in the next few months”. These include AIM-listed Eco Atlantic, which Rystad expects to drill its Osprey prospect in the next 12-15 months, as and when funding is secured. Portugal’s Galp will drill another prospect near Graff, says Prasad, while Shell is evaluating a wildcat a

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