The Ministry of Mines and Energy emphasizes that Shell's decision to write down the discoveries will not significantly impact Namibia's oil and gas development. It is not a setback. We are positive ...

Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a ...

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 ...

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 ...

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 settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate ...

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, ...