Namibia’s Mines and Energy Ministry has downplayed the impact of energy company Shell recent $400-million write-down on its offshore oil discoveries, stating that the country it remains ...

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 ...

Uruguay detailed plans to auction 15 offshore exploration blocks on Thursday ... Royal Dutch Shell , France's Total, Portugal's Galp Energia , Repsol's Argentine unit YPF , Brazil's Petrobras ...

With climate change, economic insecurity, and pandemics stressing the world's resources, why spend all this money on space exploration? It's easy to see why this argument comes up: There are big ...

Galp, Chevron, Rhino Resources and Azule Energy, a joint venture between Italy’s Eni and BP, are all planning to drill exploration wells in Namibia this year. TotalEnergies plans to make a ...

Venezuelan opposition leader Maria Corina Machado was kidnapped by Maduro’s forces on Wednesday and then released shortly ...

Energy major Shell has announced that oil discovered offshore Namibia in Petroleum Exploration License (PEL) 39 cannot be ...

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 ...

LONDON - Shell will write down around $400-million overan oil discovery offshore Namibia that it deemed commercially ... More recently, Portuguese oil company Galp also made a major discovery ...

Shell seeks commericality after roughly $400 million write off Shell, TotalEnergies, Galp, Chevron vie to produce in Namibia Shell Plc is still seeking ... and take a write-off of the capitalized well ...