Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude producer.

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 ...

The oil exploration company Gustos Energy has announced the discovery of a "significant" quantity of oil off the coast of Namibia, which further "cements the country's Orange Basin as a ...

CAPE TOWN (Reuters) – Operator TotalEnergies has made a large hydrocarbon discovery off the coast of Namibia in the Venus-X1 well, a source told Reuters on Thursday.

Shell will write down around $400m over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude producer.

Namibia’s offshore has yielded quality discovery as the African country continues to be an exploration hotspot for international companies. Portugal’s Galp has just successfully drilled and ...

Brazil's state-run oil firm Petrobras has made a non-binding offer to buy a major stake in Galp Energia's huge offshore oil discovery in Namibia, Petrobras exploration and production director ...

Six months ago, Canadian oil and gas company Reconnaissance Energy Africa Ltd. (“ReconAfrica”) began exploratory drilling in the deep Kavango Basin of northeast Namibia and into northwest ...

Custos Energy on Tuesday announced another significant oil discovery off the coast of Namibia, further cementing the country's Orange Basin as a promising new frontier for hydrocarbon exploration.