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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 ...

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 (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 ...

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 ...

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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 ...

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 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 ...

Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia "cannot currently be confirmed for commercial development." Shell and its partners QatarEnergy and Namibia's ...