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TotalEnergies and Chevron Vie for Stake in Namibia’s 10-Billion-Barrel Discovery
Yahoo Finance· 2025-11-20 05:32
TotalEnergies and Chevron have emerged as the leading contenders to acquire a 40% operating stake in Galp Energia’s massive Mopane oil discovery offshore Namibia, four industry sources familiar with the talks told Reuters. The Mopane field, estimated to hold at least 10 billion barrels of oil, has drawn intense interest from global energy majors eager to enter one of the world’s most promising new exploration frontiers. Namibia, which currently has no commercial oil production, is positioning itself to be ...