Exxon Withdraws From Race to Buy Stake in Namibia Oil Block From Galp

(Reuters) – Exxon Mobil  has pulled out of the race to buy half of Galp Energia’s  stake in a large oil discovery in Namibia that has attracted interest from top energy companies, sources with knowledge of the matter said. More than 12 oil companies including Exxon, Shell and Brazil’s national oil company Petrobras had expressed interest in Galp’s 40% stake … Read more