Energy major Shell has announced that oil discovered offshore Namibia in petroleum Exploration License (PEL) 39 cannot be currently confirmed for commercial development. As such, the company will ...

Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a ...

The Ministry of Mines and Energy emphasizes that Shell's decision to write down the discoveries will not significantly impact ...

Shell Plc is still seeking commercial pathways to oil production in Namibia after writing off about $400 million of wells in the southern African country, where multiple energy majors have been ...

SHEL deems the oil discovery located in Namibia's offshore block PEL 39 commercially infeasible for development.

Supermajor says write-off is ‘accounting process’; licence still has oil and gas potential; and looks for other Namibia ...

Shell and its partners in Namibia were now exploring other opportunities and pathways towards development of oil and gas ...

Although Shell and TotalEnergies had announced discoveries of at least 11 billion barrels of light oil and 8. 7 trillion ...

A major setback has struck Namibia’s aspirations to join the ranks of oil-producing nations as energy giant Shell announces ...

Canadian Natural Resources said on Thursday it expects production to increase 12% in 2025, betting on higher demand amid ...

Shell has determined that an oil discovery off the coast of Namibia is not commercially viable, leading to a projected ...

There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent ...