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 ...

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.

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 writes off $400M for failed oil and gas discoveries in Namibia's offshore Orange basin, faces technical and geological challenges.

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 $400 million from exploration activities offshore of the southern African country. The company told Business Report ...

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

Shell, facing technical and geological challenges in extracting resources from its PEL39 block, determined that the ...

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 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 ...

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