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

Oil prices fell on Tuesday as investors assessed U.S. President Donald Trump's plans to apply new tariffs later than expected ...

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.

Shell has written down $400 million in oil discoveries offshore Namibia, which it considered commercially unviable. This is a ...

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 ...

At one end of the road, crews built a 40-foot-high conveyor belt that whisks the coal over swampland to a new jetty on the Mahakam River. From there, the coal is funneled onto barges and floated ...

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 ...