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 looking with keen interest at Galp Energia’s huge Mopane oil discovery in Namibia’s Orange basin to see what it can learn about prospectivity on its own exploration block immediately to the ...

Shell has just started drilling a second appraisal probe on its multibillion-barrel Jonker oil discovery in Namibia’s Orange basin, a staggering 23 kilometres from the discovery well. According to ...

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 (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 ...

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 told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia "cannot currently be confirmed for commercial development." Shell and its partners QatarEnergy and Namibia's ...

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 ...