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

Energy Minister Tom Alweendo calls Shell's write-down 'unfortunate,' as Namcor says partners want to undertake more ...

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

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

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 ...

Strong contender comes to the fore in fight to provide a big production vessel for ultra-deepwater Venus development in ...

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

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

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 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 ...