The Namibian portion of the Orange Sub-basin has recorded a 60% success rate for high-impact wells since 2022, well above the 16% average across other African frontier basins, according to the African Energy Chamber. The chamber notes that 12 high-impact wells drilled in Namibia during this period resulted in discoveries, reflecting a technical success ratio…
An oil and gas rig. PHOTO/AEC By SPECIAL CORRESPONDENT [email protected] Shell’s plans to explore for oil and gas in South Africa’s Orange Basin, recently granted environmental authorization to drill up to five deepwater wells, now faces a court appeal from environmental groups and coastal communities. While legal challenges are a natural part of democratic governance,…
Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images Britain’s BP on Tuesday posted stronger-than-expected second-quarter profit, following a period of heightened volatility for global oil and gas prices. The struggling energy major reported underlying replacement cost profit, used as a proxy for net profit, of $2.35…
