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

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.

Namibia’s government has refuted Shell’s position that its discoveries in the Orange basin are uneconomic to develop and said ...

Shell and its partners in Namibia were now exploring other opportunities and pathways towards development of oil and gas ...

Shell plc SHEL, the British oil and gas major, has stated that it will record a financial write-down of nearly $400 million over an offshore oil discovery in Namibia. The company has found the oil ...

U.K. oil and gas company Tower Resources has signed two farm-out agreements with Prime Global Energies for minority, ...

U.K. oil and gas company Tower Resources has executed two farm-out agreements and associated documentation with Prime Global ...