Namibia’s Mines and Energy Ministry has downplayed the impact of energy company Shell recent $400-million write-down on its ...
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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.
The Ministry of Mines and Energy emphasizes that Shell's decision to write down the discoveries will not significantly impact ...
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 ...