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Shell, Namibia

Shell writes down $400m on unviable oil discovery in Namibia

Shell has determined that an oil discovery off the coast of Namibia is not commercially viable, leading to a projected write-down of around $400m (£325.52m), reported Reuters. This decision is a setback for Namibia's ambition to establish itself as an oil producer.

Reuters on MSN · 18h

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 blow to the southern African country’s efforts to become a crude producer. Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot currently be confirmed for commercial development.

Business Insider Africa on MSN · 1d

Namibia's oil prospects hurt as Shell writes down offshore oil discovery

There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent years. Shell has announced a $400 million write-down related to an offshore oil discovery in Namibia,

WGN-TV1mon

Namibia will have its first female leader after the VP wins presidential election for ruling party

WINDHOEK, Namibia (AP) — Namibia has elected its first female leader, with Vice President Netumbo Nandi-Ndaitwah declared the winner Tuesday of last week’s presidential election as the long ...

BBC1mon

Namibia media guide

Namibia's constitution provides for press freedom and is generally observed in practice. Journalists face few legal restrictions and generally work without risk to their safety. While state media ...

Stabroek News1mon

Three cheers for Namibia’s first female President

But now Netumbo Nandi-Ndaitwah has done it again, becoming the first woman to lead Namibia after winning November’s presidential election. Nandi-Ndaitwah’s election represents a significant ...

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Shell, Namibia

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