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Namibia oil exploration, Kavango Basin

Namibia: ReconAfrica points to large oil and gas reserves at Kavango

Canada’s Reconnaissance Energy Africa (ReconAfrica) has announced that its frontier onshore Kavango Basin acreage could hold more than 1.4 tcf of gas and almost 1bn barrels of oil, according to a review by independent analysts.

Issue 461 - 27 May 2022

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Upstream oil and gas

Faltering oil giants miss out on a golden business opportunity

Nigeria and Angola are responsible for the vast majority of the Organisation of the Petroleum Exporting Countries (Opec) supply shortfall that is helping to sustain high global oil prices. Above-ground issues including theft and sabotage continue to contribute to a large deficit from the two sub-Saharan oil giants.

Issue 461 - 27 May 2022

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