Shell (NYSE:SHEL) said Thursday its oil and gas discoveries in Namibia's offshore Orange Basin are not commercial, causing it to write down ~$400M toward the cost of exploration wells in the PEL39 ...
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 ...
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 ...
By Shadia Nasralla and Stephanie Kelly LONDON, Feb 9 (Reuters) - Shell needs an acquisition or exploration breakthrough to ...
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 ...
CAPE TOWN, Dec 11 (Reuters) - Shell (SHEL.L), opens new tab is preparing to launch a new drilling campaign in the PEL 39 exploration block offshore Namibia from April 2026 with its partners ...
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