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

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

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

Namibia’s Mines and Energy Ministry has downplayed the impact of energy company Shell recent $400-million write-down on its ...

Namibia’s government has refuted Shell’s position that its discoveries in the Orange basin are uneconomic to develop and said ...

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 ...

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 begins commercial production at its Whale oil field in the Gulf of Mexico, while writing down a promising oil discovery ...

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 ...

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