Blow to Namibia: Shell to write down $400 million on oil discovery deemed commercially unviable
[The Namibian - Namibia] - 9/01/2025
Shell will write down around $400 million over an oil discovery offshore Namibia it deemed commercially unviable. This is a blow to the country’s efforts to become a crude producer. Shell told Reuters this week that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot (…)
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