Shell pulls out of Namibia oil discovery/in /by
<p><img src="https://biz-file.com/c/2501/761823-208x117.jpg?5" width="208" height="117" alt="The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver. Source: Reuters/Chris Helgren" align="left"><br><span >The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver. Source: Reuters/Chris Helgren&lt;/span><p>Shell will write down around $400m over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the 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."</p><br> <a href="https://www.bizcommunity.com/article/shell-pulls-out-of-namibia-oil-discovery-253737a">Read more...</a> | <a href="https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=254520">Send to a friend</a></p><div style="clear:left"></div>
Shell pulls out of Namibia oil discovery/in /by
<p><img src="https://biz-file.com/c/2501/761823-208x117.jpg?5" width="208" height="117" alt="The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver. Source: Reuters/Chris Helgren" align="left"><br><span >The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver. Source: Reuters/Chris Helgren&lt;/span><p>Shell will write down around $400m over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the 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."</p><br> <a href="https://www.bizcommunity.comhttps://www.bizcommunity.com/article/shell-pulls-out-of-namibia-oil-discovery-253737a">Read more...</a> | <a href="https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=254520">Send to a friend</a></p><div style="clear:left"></div>