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 ...

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 ...

Shell, its partners QatarEnergy and Namco, discovered hydrocarbons in block PEL39 in 2022. This discovery, along with a ...

Citi analyst Kate O’Sullivan reiterated a Buy rating on GALP Energia SGPS (0B67 – Research Report) today and set a price target of €24.50. The ...

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

As global markets navigate a mixed start to the year, with U.S. indices showing resilience despite economic uncertainties and European inflationary pressures, investors are increasingly seeking ...

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and ...

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