Strong contender comes to the fore in fight to provide a big production vessel for ultra-deepwater Venus development in ...

Namibia’s promising oil story was dealt a hapless blow last week when Shell wrote off some R7.6 billion it invested in exploration off the coast of the neighbouring ...

Galp Energia appoints board members Maria Joao Carioca and Joao Diogo Marques Da Silva as interim co-CEOs after CEO Filipe ...

Galp, Chevron, Rhino Resources and Azule Energy, a joint venture between Italy’s Eni and BP, are all planning to drill exploration wells in Namibia this year. TotalEnergies plans to make a ...

Namibia’s Mines and Energy Ministry has downplayed the impact of energy company Shell recent $400-million write-down on its offshore oil discoveries, stating that the country it remains ...

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.

Portuguese oil company Galp also made a major discovery in a different offshore licence. But the British company encountered technical and geological difficulties for the development of the resources.

Energy major Shell has announced that oil discovered offshore Namibia in Petroleum Exploration License (PEL) 39 cannot be ...

There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent years. Shell has announced a $400 million write-down related to an offshore oil ...

Citi analyst Kate O’Sullivan reiterated a Buy rating on GALP Energia SGPS (0B67 – Research Report) today and set a price target of €24.50. The company’s shares closed yesterday at €15.97.