Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a ...

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

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

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 ...

Shell, its partners QatarEnergy and Namco, discovered hydrocarbons in block PEL39 in 2022. This discovery, along with a ...

King Nehale conservancy in the Oshikoto region spent about N$600 00 on consultation rooms at its healthcare centres last year.

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

Chinese Foreign Minister Wang Yi yesterday pledged Beijing’s full support and military aid for the world’s poorest continent ...

The strategy they have arrived at to protect their wealth is to direct fear and hostility towards 'the Other' - migrants, ...

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