Downstream

 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

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

Serica Energy awarded 85 per cent interest in Petroleum Agreement covering four large blocks and part blocks in the prospective Luderitz Basin, offshore Namibia

Significant natural gas discoveries in East Africa could spur increase in merger and acquisition activity over the next year