Shell is preparing to launch a new drilling campaign in the PEL 39 exploration block offshore Namibia from April 2026 with ...

While all recent oil exploration attention has been on Exxon’s (NYSE:XOM) massive string of discoveries in Guyana, another giant player and a junior explorer are shifting to focus toward what may be ...

Shell (NYSE:SHEL) said Thursday its oil and gas discoveries in Namibia's offshore Orange Basin are not commercial, causing it to write down ~$400M toward the cost of exploration wells in the PEL39 ...

Oil supermajor, Shell (RDS.A), has made a huge oil and gas discovery at a closely watched offshore well in the southern African nation of Namibia, an event that could lead to a series of investments ...

LONDON, Aug 31 (Reuters) - Shell's SHEL.L Cullinan-1X exploration well offshore Namibia did not make a commercial oil and gas discovery, the company said on Thursday. Namibia, which has yet to produce ...

LONDON (Reuters) -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 ...

Shell (NYSE:SHEL) +2.2% in Wednesday's trading as it announced successful drilling of a fourth exploration well in Namibia that confirmed the presence of hydrocarbons, although further evaluation is ...

Shell says it remains committed to offshore exploration in Namibia, as industry stakeholders raise concerns over local exclusion and long-term investment conditions. The company says it will continue ...

Shell, QatarEnergy, and Namibia’s state oil firm NAMCOR have discovered light oil in a deepwater exploration well drilled offshore the West African country, the UK-based supermajor said on Monday.

Shell writes down $400 million on Namibia oil discovery Technical challenges hinder Shell’s Namibia oil development Namibia remains optimistic about future oil exploration The logo of British ...

Namibia may have the potential to rival this northern neighbor, and with oil prices approaching $90 per barrel, we think it is even more likely that Namibia could become the next big oil and gas ...