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. Sh ...

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 ...

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 ...

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 ...

Oil futures were flat to slightly higher Wednesday, with investors awaiting official data on U.S. inventories after an industry report was said to show a large drop in crude stocks but significant ...

Shell's Weak Trading Update Unlikely to Hit Shareholder Returns -- Market Talk 0814 GMT - Shell's fourth-quarter trading update shows weakness across its oil, gas and power divisions, but this shouldn ...

Company statement late on Tuesday cites ‘family reason’ for resignation, while local media has reported of alleged ...

Filipe Silva resigned with immediate effect, with Portuguese major in process of drilling new exploration wells at Mopane ...

Galp, LOKEN and SAFCO Venture Holdings Limited have selected Axens’ Vegan® technology for their hydrogenated vegetable oil and sustainable aviation fuel production facilities located in Portugal, ...

Portuguese oil company Galp has informed its Chief Executive Officer (CEO) Filipe Silva resigned from the position, following ...

The resignation comes as Galp's ethics committee probes an anonymous tip about an alleged personal relationship between ...