Once largely ignored by the global energy industry, Namibia now finds itself in a position where more and more oil companies are looking to take advantage of its untapped resources
Downstream
Vaalco profits shrink
Woes in Africa, including high taxes and a write-down from a partner’s default, shrunk profits at Houston player Vaalco, the company has announced
Award of Exploration Interests in Namibia
Serica Energy awarded 85 per cent interest in Petroleum Agreement covering four large blocks and part blocks in the prospective Luderitz Basin, offshore Namibia
East African gas hub could witness flurry of M&A activity
Significant natural gas discoveries in East Africa could spur increase in merger and acquisition activity over the next year