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’s decision to write down about $400 million for an offshore oil discovery in Namibia, which it deemed commercially ...

Shell writes off $400M for failed oil and gas discoveries in Namibia's offshore Orange basin, faces technical and geological ...

SHEL deems the oil discovery located in Namibia's offshore block PEL 39 commercially infeasible for development.

Namibia’s Mines and Energy Ministry has downplayed the impact of energy company Shell recent $400-million write-down on its ...

With Shell writing down a $400m investment, and Chevron backing out, questions arise about Namibia’s hopes to become a ...

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 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 ...

Shell is still looking for further opportunities in Namibia despite writing off US$400 million from exploration activities ...

Shell, facing technical and geological challenges in extracting resources from its PEL39 block, determined that the ...

LONDON, Jan 8 (Reuters) - Shell (SHEL.L), opens new tab will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern ...

Shell writes down $400 million on Namibia oil discovery Technical challenges hinder Shell’s Namibia oil development Namibia remains optimistic about future oil exploration The logo of British ...