“The cost of getting things done is astronomically higher for oil and gas than for the greener projects,” he said. “In the longer term it’s bullish for prices, as not enough investment is going into the areas where it should be.”
The Maersk Voyager has set sail for the Venus site, offshore Namibia, where it will drill perhaps the most hotly anticipated well of the year in Africa for TotalEnergies.
Somalia is taking steps to attract foreign investment to its energy sector but challenges remain, most notably in how the federal government can integrate its policies with those of the state governments.
