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 ...

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 ...

Shell and its partners in Namibia were now exploring other opportunities and pathways towards development of oil and gas ...

Supermajor says write-off is ‘accounting process’; licence still has oil and gas potential; and looks for other Namibia ...

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 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 ...

The Ministry of Mines and Energy emphasizes that Shell's decision to write down the discoveries will not significantly impact ...

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

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

For instance “Energy major TotalEnergies is expected to make a Final Investment Decision on its Orange Basin projects this ...