Seatrade Maritime News: Namibian oil finds likely to drive long-haul tanker demand

September 1, 2025 Promising discoveries of crude oil in Namibia’s Orange Basin made recently by TotalEnergies and Portuguese multinational energy company Galp Energia are likely to generate a new tanker trade between the African nation and customers in Asia, according to analysis by New York broker, Poten & Partners. Poten notes that the Namibian hydrocarbon systems are essentially mirror images of the reserves found off South America. Millions of years ago the two continents were joined as part of the vast supercontinent, Gondwana. The salt layer, Poten said, acts as an effective seal, preserving large oil and gas deposits beneath it in both regions.

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