Oil prices have started 2025 strong, defying expectations of a downturn fueled by worries about slowing demand. Click to read ...

Canadian independent Valeura Energy is ramping up activity at its key assets offshore Thailand with multi-well drilling ...

Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a ...

Initial production of around 8973 barrels per day of oil is envisaged with peak output pegged at 25,276 bpd after being ...

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 ...

Shell Offshore Inc. (Shell), a subsidiary of Shell plc, has started oil production at its Whale floating production platform, ...

Shell has determined that an oil discovery off the coast of Namibia is not commercially viable, leading to a projected ...

Oil prices appear to have moved higher with the start of the New Year. Today we are to take a look at the recent executive order signed by Biden, the reduction of Saudi oil exports to China and finish ...

Shell plc SHEL, the British oil and gas major, has stated that it will record a financial write-down of nearly $400 million over an offshore oil discovery in Namibia. The company has found the oil ...

Although Shell and TotalEnergies had announced discoveries of at least 11 billion barrels of light oil and 8. 7 trillion ...

The Ministry of Mines and Energy emphasizes that Shell's decision to write down the discoveries will not significantly impact ...