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San leaders decry Canadian “climate-wrecking” oil and gas project in Namibia, Botswana

Paradise Closing: Oil Drilling Begins in Okavango Delta   WINDHOEK, Namibia, February 1, 2021 (ENS) – The fate of one of Africa’s most valuable ecosystems will depend on results from wells being drilled deep into the bedrock beneath the Kalahari Desert of northern Namibia and Botswana in the hunt for a petroleum reservoir. If the search by Canadian oil and gas company ReconAfrica is successful, the region could be irrevocably transmogrified by networks of access roads, truck traffic and heavy machinery, pipelines, drill rigs and hundreds of oil and gas production wells. ReconAfrica’s o...

In Namibia, an African venue that is being set up as the scene of the world's next—and possibly last—major onshore oil discovery, the oil and gas rights to an entire 8.5-million-acre sedimentary basin are owned by a single, small company. Mentioned in today's commentary includes: Occidental Petroleum Corporation (NYSE: OXY), Kinder Morgan, Inc. (NYSE: KMI), Equinor ASA (NYSE: EQNR), Apache Corporation (NASDAQ: APA), Crescent Point Energy Corp. (NYSE: CPG).

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