Shell still keen on Namibia prospects, clarifies US$400m write-off
Shell has clarified that its $400 million impairment related to an oil discovery offshore Namibia stems from challenges in finding ...
Tag: Orange Basin
Up to 10 wells set for drilling in Namibia’s Orange Basin in 2025
Namibia’s Orange Basin is forecast to see a surge in drilling activity this year, with 7 to 10 wells expected ...
Africa Oil Corp to get $31.6m dividend from Impact Oil after Namibia deal
Africa Oil Corp is set to receive a US$31.6 million dividend from Impact Oil & Gas following the successful farm-out ...
NAMCOR reports major advancements in Orange Basin oil exploration
The National Petroleum Corporation of Namibia (NAMCOR) says it has reported significant progress in its oil and gas exploration activities, ...
Namibia’s Tom Alweendo named among Africa’s top energy leaders to watch in 2025
Namibia's Minister of Mines and Energy, Tom Alweendo, has been recognized by the African Energy Chamber (AEC) as one of ...
Chevron ends in the same boat as Shell with no commercial hydrocarbons off Namibia
By Melisa Cavcic Harmattan Energy, an indirect subsidiary of the U.S.-headquartered energy giant Chevron, has drilled an exploration well in the ...
No need to panic about Shell’s write-down of Namibian expenditure
By Shakwa Nyambe Shell has recently announced a US$400 million (about N$7.5 billion) write-down concerning its oil discovery in the ...
Namibia: Shell write down merely a speed bump, not a road block
Energy major Shell has announced that oil discovered offshore Namibia in Petroleum Exploration License (PEL) 39 cannot be currently confirmed ...
Shell’s non-viable discovery won’t impact Namibia’s oil ambitions, says Minister
Namibia’s oil and gas development prospects remain on track despite Shell’s announcement that recent discoveries in some wells drilled in ...
Shell write-down highlights Namibia’s offshore challenges
By Ekkehard Friedrich Today Shell wrote down their reserves in PEL39 offshore Namibia by US$ 400m stating that it can ...
