Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a ...

Prominently featured in The Inner Circle, Simon Cheung, CFO is acknowledged as an Inner Circle Lifetime for his contributions to E-Commerce Finance and Strategic Leadership.

Energy major Shell has announced that oil discovered offshore Namibia in petroleum Exploration License (PEL) 39 cannot be currently confirmed for commercial development. As such, the company will ...

The Ministry of Mines and Energy emphasizes that Shell's decision to write down the discoveries will not significantly impact ...

Shell Plc is still seeking commercial pathways to oil production in Namibia after writing off about $400 million of wells in the southern African country, where multiple energy majors have been ...

Supermajor says write-off is ‘accounting process’; licence still has oil and gas potential; and looks for other Namibia ...

Although Shell and TotalEnergies had announced discoveries of at least 11 billion barrels of light oil and 8. 7 trillion ...

A major setback has struck Namibia’s aspirations to join the ranks of oil-producing nations as energy giant Shell announces ...

There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent ...