Top oil and gas companies sharply slowed their search for new fossil fuel resources last year, data shows, as lower energy prices due to the coronavirus crisis triggered spending cuts, with acquisitions of new onshore and offshore exploration licences for the top five Western energy giants dropping to the lowest in at least five years. Anaylsts have warned though that the drop in exploration activity could lead to a supply gap in the second half of the decade. Meanwhile, in related news, the Namibia press agency reports that Canadian firm Recon Africa on Thursday commissioned its first oil and gas exploration project in Africa at Kawe village in the Kavango East Region with the aim of finding and demonstrating the presence of an active petroleum system in Namibia.