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.

Chevron Corporation CVX and Shell plc SHEL, two of the world’s most influential oil and energy companies, have announced the start of oil production from the Whale semi-submersible platform located in ...

A court in Kazakhstan has fined the operator of the giant Kashagan oilfield 3.5 billion tenge ($6.64 million) for ...