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Equinor Takes Stake in Chevron-Led Offshore Block in Namibia

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CVX
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Norway's Equinor has made its entry into Namibia's oil market by acquiring a 17.4% stake in an offshore exploration block operated by Chevron.

The licence, which is part of the Chevron-led offshore block, will allow Equinor to explore for oil and gas in the region.

This move follows a series of recent announcements from major energy companies entering Namibia's market, including QatarEnergy, BP, and TotalEnergies.

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