Upstream4h
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 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 ...
Upstream1d
Galp CEO’s sudden departure may hit timeline for Namibia farm-down, say analysts
Filipe Silva resigned with immediate effect, with Portuguese major in process of drilling new exploration wells at Mopane ...
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 ...
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 ...
Shell Writes Off Namibia Oil Wells, Still Exploring in Country
Shell Plc is still seeking commercial pathways to oil production in Namibia after writing off about $400 million of wells in the southern African country, where multiple energy majors have been ...
Galp CEO Resigns Amid Ethics Probe at Portuguese Oil Firm
Galp Energia SGPS SA Chief Executive Officer Filipe Silva resigned after just two years in the role as the Portuguese oil ...
GlobalData on MSN7d
Galp announces additional oil and gas find in Namibia’s Mopane field
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Zawya2h
Namibia: Shell Write Down Merely a Speed Bump, not a Road Block
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 ...
Rigzone1d
Galp Says CEO Resigned for Family Reasons
The resignation comes as Galp's ethics committee probes an anonymous tip about an alleged personal relationship between ...
Nasdaq6d
Galp Energia Achieves Success in Namibia's Mopane Complex
Galp Energia, SGPS, S.A. GLPEY, a Portuguese integrated energy firm, recently announced a remarkable discovery of oil and gas in Namibia's Orange Basin under its Petroleum Exploration License 83 ...
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 ...