Shell has determined that an oil discovery off the coast of Namibia is not commercially viable, leading to a projected write-down of around $400m (£325.52m), reported Reuters. This decision is a ...

LONDON, Jan 8 (Reuters) - Shell (SHEL.L), opens new tab will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern ...

Shell (NYSE:SHEL) said Thursday its oil and gas discoveries in Namibia's offshore Orange Basin are not commercial, causing it to write down ~$400M toward the cost of exploration wells in the PEL39 ...

CAPE TOWN, Dec 11 (Reuters) - Shell is preparing to launch a new drilling campaign in the PEL 39 exploration block offshore Namibia from April 2026 with its partners QatarEnergy and Namibia's national ...

While all recent oil exploration attention has been on Exxon’s (NYSE:XOM) massive string of discoveries in Guyana, another giant player and a junior explorer are shifting to focus toward what may be ...

LONDON, Aug 31 (Reuters) - Shell's SHEL.L Cullinan-1X exploration well offshore Namibia did not make a commercial oil and gas discovery, the company said on Thursday. Namibia, which has yet to produce ...

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