Upstream46m
Orange basin bubble bursts as Shell says its Namibia discoveries are uneconomic
Supermajor says write-off is ‘accounting process’; licence still has oil and gas potential; and looks for other Namibia ...
Shell’s $400 million write-down dashes Namibia’s oil industry hopes
Although Shell and TotalEnergies had announced discoveries of at least 11 billion barrels of light oil and 8. 7 trillion ...
Medafrica Times5h
Shell Abandons Namibian Oil Project after $400 Million Investment
A major setback has struck Namibia’s aspirations to join the ranks of oil-producing nations as energy giant Shell announces ...
Hosted on MSN7h
Namibia's oil prospects hurt as Shell writes down offshore oil discovery
There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent ...
Shell's $400 million write-down a setback for Namibia's oil and gas hopes
Shell, its partners QatarEnergy and Namco, discovered hydrocarbons in block PEL39 in 2022. This discovery, along with a ...
Citi Remains a Buy on GALP Energia SGPS (0B67)
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 ...
Bizcommunity11h
Shell pulls out of Namibia oil discovery
Shell will write down around $400m over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to ...
Discover Galp Energia SGPS And 2 More Premier Dividend Stocks
As global markets navigate a mixed start to the year, with U.S. indices showing resilience despite economic uncertainties and European inflationary pressures, investors are increasingly seeking ...
Shell writes down Namibia oil discovery in blow to country
Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a ...