Big Oil’s success in Namibia will push others to drill for growth
Big Oil’s success in Namibia will push others to drill for growth
Those arguing that higher oil prices are ahead often point in evidence to a chronic lack of investment in oil exploration of late. Without sufficient capital put into large, offshore projects, crude supply will wither, they say. In fact, there have been very large oil discoveries including in the Norwegian North Sea, offshore Guyana (11bn barrels of oil) and, most recently, offshore Namibia.
Shell, TotalEner...