Equinor, Chevron Join Forces in Namibian Oil Exploration

Chevron has partnered with Equinor in Namibia to explore oil reserves in the country's Orange Basin. The partnership is part of a broader effort by major energy companies to tap into Namibia's potential as a new oil hotspot.

Equinor ASA acquired a 17.4% stake in exploration license 90 from Chevron's Harmattan Energy, which operates the prospect. This move marks another significant development in Namibia's oil sector, with several major players vying for access to its resources.