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.

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 ...

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

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

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

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 ...

Shell is still looking for further opportunities in Namibia despite writing off US$400 million from exploration activities ...

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 ...