Chevron also comes up short in Namibia energy exploration/in /by
<p><img src="https://biz-file.com/c/2501/762337-208x117.jpg?5" width="208" height="117" alt="A 3D printed natural gas pipeline is placed in front of displayed Chevron logo. Source: Reuters/Dado Ruvic" align="left"><br><span >A 3D printed natural gas pipeline is placed in front of displayed Chevron logo. Source: Reuters/Dado Ruvic&lt;/span><p>Chevron said it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin. The US oil producer said the well called Kapana 1X in the PEL90 block provided valuable information about the basin and the company anticipated it would explore further in Namibia.</p><br> <a href="https://www.bizcommunity.com/article/chevron-also-comes-up-short-in-namibia-energy-exploration-920354a">Read more...</a> | <a href="https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=254664">Send to a friend</a></p><div style="clear:left"></div>
Barrick to suspend operations in Mali after gold seized/in /by
<p><img src="https://biz-file.com/c/2501/762156-208x117.jpg?5" width="208" height="117" alt="Souvenir luggage tags are displayed at a Barrick Gold Corp at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada. Source: Reuters/Chris Helgren" align="left"><br><span >Souvenir luggage tags are displayed at a Barrick Gold Corp at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada. Source: Reuters/Chris Helgren&lt;/span><p>Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company's Loulo-Gounkoto complex and flew them out by helicopter over the weekend. Around three metric tons had been taken from the mining complex in western Mali on Saturday, two sources told Reuters on Monday, with one putting the value of the gold at $245m.</p><br> <a href="https://www.bizcommunity.com/article/barrick-to-suspend-operations-in-mali-after-gold-seized-364738a">Read more...</a> | <a href="https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=254613">Send to a friend</a></p><div style="clear:left"></div>
Barrick to suspend operations in Mali after gold seized/in /by
<p><img src="https://biz-file.com/c/2501/762156-208x117.jpg?5" width="208" height="117" alt="Souvenir luggage tags are displayed at a Barrick Gold Corp at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada. Source: Reuters/Chris Helgren" align="left"><br><span >Souvenir luggage tags are displayed at a Barrick Gold Corp at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada. Source: Reuters/Chris Helgren&lt;/span><p>Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company's Loulo-Gounkoto complex and flew them out by helicopter over the weekend. Around three metric tons had been taken from the mining complex in western Mali on Saturday, two sources told Reuters on Monday, with one putting the value of the gold at $245m.</p><br> <a href="https://www.bizcommunity.comhttps://www.bizcommunity.com/article/barrick-to-suspend-operations-in-mali-after-gold-seized-364738a">Read more...</a> | <a href="https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=254613">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.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>