Shell (NYSE:SHEL) said Thursday its oil and gas discoveries in Namibia's offshore Orange Basin are not commercial, causing it to write down ~$400M toward the cost of exploration wells in the PEL39 ...

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.

Shell has just started drilling a second appraisal probe on its multibillion-barrel Jonker oil discovery in Namibia’s Orange basin, a staggering 23 kilometres from the discovery well. According to ...

Light oil has been discovered 270 kilometers (km) off the coast of Namibia, according to the National Petroleum Company of Namibia (NAMCOR) and its partners in the Jonker-1X deep-water exploration ...

Shell has spudded its third exploration well offshore Namibia and, in a move that underscores the huge potential of the red-hot Orange basin play, has extended the charter of the rig it has on duty ...

The Municipality of Walvis Bay, in a collaborative effort with Shell Namibia, recently honoured several local Small, Medium and Micro Enterprises (SMMEs) with prizes from Maritime Week. The ...