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 ...

Galp Energia appoints board members Maria Joao Carioca and Joao Diogo Marques Da Silva as interim co-CEOs after CEO Filipe ...

Oil Jumps on Fresh U.S. Sanctions Against Russia A fresh wave of U.S. sanctions against Russia's oil industry is threatening to disrupt global supplies, sending crude prices to their highest in more ...

Galp, Chevron, Rhino Resources and Azule Energy, a joint venture between Italy’s Eni and BP, are all planning to drill exploration wells in Namibia this year. TotalEnergies plans to make a ...

The Minister of Mines and Energy, Hon Tom Alweendo announced that the decision for multi-national oil and gas company Shell to write down N$400 million on the Orange Basin oil discovery, will not ...

Namibia’s Mines and Energy Ministry has downplayed the impact of energy company Shell recent $400-million write-down on its offshore oil discoveries, stating that the country it remains ...

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 crude producer.

The Ministry of Mines and Energy emphasizes that Shell's decision to write down the discoveries will not significantly impact Namibia's oil and gas development. It is not a setback. We are positive ...

Portuguese oil company Galp also made a major discovery in a different offshore licence. But the British company encountered technical and geological difficulties for the development of the resources.

Energy major Shell has announced that oil discovered offshore Namibia in Petroleum Exploration License (PEL) 39 cannot be ...

There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent years. Shell has announced a $400 million write-down related to an offshore oil ...