Shell (SHEL +2.2%) said it made an "encouraging" oil discovery in a closely-watched exploration well off the coast of Namibia, in an area where previous efforts largely failed to find commercial ...

Namibia’s government has refuted Shell’s position that its discoveries in the Orange basin are uneconomic to develop and said it will aim to exploit these resources with “the right partner”. Earlier ...

My Alerts is a service for subscribers. Please login or subscribe in order to use My Alerts. Shell will kick-off a new exploration drilling drive in 2026 on its geologically complex licence in Namibia ...

Shell plc SHEL, the British oil and gas major, has stated that it will record a financial write-down of nearly $400 million over an offshore oil discovery in Namibia. The company has found the oil ...

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.

Shell has secured a multi-year contract for the VALARIS DS-8 drillship for work on the Orca project in the Santos basin presalt offshore Brazil, as well as a separate contract for the Deepsea Mira for ...

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