Shell writes down $400 million on Namibia oil discovery Technical challenges hinder Shell’s Namibia oil development Namibia remains optimistic about future oil exploration The logo of British ...

Shell is planning to rekindle exploration efforts off Namibia in 2026, the company told Platts in a statement on 18 August. This comes months after it surprised industry watchers by writing down ...

Shell’s $400 million write-down and departure from Namibia’s offshore oil and gas exploration blocks has dented the southern African country’s hopes for an economic boost from investment inflows and ...

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 ...

The Royal Dutch Shell logo is seen at a Shell petrol station in London, January 31, 2008. REUTERS/Toby Melville/File Photo LONDON, Jan 8 (Reuters) – Shell SHEL.L will write down around $400 million ...

Shell’s high-profile oil and gas discoveries in Namibia’s Orange basin are not commercial, spurring the supermajor to write-off the cost of exploration wells in its deepwater licence. This news has ...

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 ...