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.

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 ...