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 ...

Shell is still looking for further opportunities in Namibia despite writing off $400 million from exploration activities offshore of the southern African country. The company told Business Report ...

Shell has spudded what is set to be the final exploration probe of a high-profile drilling campaign offshore Namibia, fresh from completing multiple flow tests on a critical appraisal well on its ...

Light oil has been discovered 270 kilometers (km) off the coast of Namibia, according to the National Petroleum Company of Namibia (NAMCOR) and its partners in the Jonker-1X deep-water exploration ...

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 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 ...

Shell plc (NYSE:SHEL) is reportedly requesting government authorization to drill up to five offshore wells along South Africa’s west coast. The oil major plans to drill exploration and appraisal wells ...

Galp shares jumped 21 percent after the company said in April that a well test 'potentially' indicated Mopane could be an important commercial find in Namibia. Image by Ondrej Prosicky via iStock ...