Shell’s decision to write down about $400 million for an offshore oil discovery in Namibia, which it deemed commercially unviable, is merely a “hump” in the Southern African nation’s oil and gas ...

LONDON (Reuters) -Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a ...

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 ...

Chevron said on Wednesday it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin.

With Shell writing down a $400m investment, and Chevron backing out, questions arise about Namibia’s hopes to become a ...

Shell is still looking for further opportunities in Namibia despite writing off US$400 million from exploration activities offshore of the southern African country.

Strong contender comes to the fore in fight to provide a big production vessel for ultra-deepwater Venus development in ...

Chevron said it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin. The US oil ...

Namibia, which has been hoping that large-scale offshore gas and oil finds will significantly boost its economy, has suffered a blow after Shell said it had written down $400 million in oil ...

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 ...

Namibia’s promising oil story was dealt a hapless blow last week when Shell wrote off some R7.6 billion it invested in exploration off the coast of the neighbouring ...

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 ...