Namibia, Shell

Shell writes down $400m on unviable oil discovery in Namibia
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 setback for Namibia's ambition to establish itself as an oil producer.
Shell Hits Snag Offshore Namibia, Records $400M Financial Write-Down
Shell plc SHEL, the British oil and gas major, has stated that it will record a financial write-down of nearly $400 million over an offshore oil discovery in Namibia. The company has found the oil discovery to be commercially infeasible for development.
Shell pulls out of Namibia oil discovery
Shell will write down around $400m over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the country's efforts to become a crude producer. Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia "cannot currently be confirmed for commercial development."
Shell downplays Namibia's oil discovery as a blow to the country
Shell has written down $400 million in oil discoveries offshore Namibia, which it considered commercially unviable. This is a
Namibia's oil prospects hurt as Shell writes down offshore oil discovery
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 discovery in Namibia,
Shell writes down Namibia oil discovery
Shell will write down around $400 million in its fourth quarter results relating mainly to an oil and gas discovery offshore Namibia, the company said on Wednesday. The British company told Reuters that discovered oil and gas resources in offshore block PEL 39 in Namibia "cannot currently be confirmed for commercial development.
Shell writes down Namibia oil discovery in blow to country
Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a ...
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Orange basin bubble bursts as Shell says its Namibia discoveries are uneconomic
Supermajor says write-off is ‘accounting process’; licence still has oil and gas potential; and looks for other Namibia ...
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Namibia: Shell Write Down Merely a Speed Bump, not a Road Block
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 ...
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🔒 Best of 2024: FT – Oil boom or bust? Namibia’s offshore wells defy the odds
Revisit the remarkable story of Namibia’s offshore oil exploration, where a staggering 88% success rate has shattered ...
Galp Energia Achieves Success in Namibia's Mopane Complex
GLPEY's successful oil and gas discovery in Namibia's Orange Basin sets the stage for more exploration and seismic campaigns.
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QatarEnergy takes stake in Chevron's Namibia block where exploration well is imminent
QatarEnergy has struck a deal to enter a Chevron-operated block in Namibia's prolific Orange basin ... with the others operated by TotalEnergies and Shell. The only major blocks absent from ...