Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right ...

Namibia’s promising oil story was dealt a hapless blow last week when Shell wrote off some R7.6 billion it invested in exploration off the coast of the neighbouring ...

Oil Jumps on Fresh U.S. Sanctions Against Russia A fresh wave of U.S. sanctions against Russia's oil industry is threatening to disrupt global supplies, sending crude prices to their highest in more ...

helps to confirm the Tupi field reserves, he said. Tupi, whose discovery was announced in November 2007, contains an estimated 5 billion to 8 billion barrels of oil, making it the largest ...

Although Shell and TotalEnergies had announced discoveries of at least 11 billion barrels of light oil and 8. 7 trillion cubic feet of gas in Namibia’s Orange basin as of August 2023, the oil major ...

There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent years. Shell has announced a $400 million write-down related to an offshore oil ...

Shell, as cited in a Reuters report Thursday, said the oil and gas reserves discovered in ... Portuguese oil company Galp also started to make a major discovery in a different offshore licence.

Kumar doesn't expect the reserve's impact to be that direct. Crypto bulls may be taking an example from the fact that countries tend to have an oil reserve, and the price of oil can be impacted ...

Galp Energia, a Portuguese integrated energy firm, recently announced a discovery of oil and gas in Namibia's Orange Basin under its Petroleum Exploration License 83, which was successfully ...

Galp Energia, a Portuguese integrated energy firm, recently announced a discovery of oil and gas in Namibia's Orange Basin under its Petroleum Exploration License 83, which was successfully spudded in ...

(Bloomberg) -- Galp Energia SGPS SA Chief Executive Officer Filipe Silva resigned after just two years in the role as the Portuguese oil company conducts a probe into an alleged personal relationship.