Shell begins commercial production at its Whale oil field in the Gulf of Mexico, while writing down a promising oil discovery ...

Pipeline operator Kinder Morgan Inc said that two of its fuel pipelines in Los Angeles have been shut since Jan. 8 due to ...

The best-performing unit trusts have exposure to US tech stocks, while the laggards were invested in commodities and ...

Oil prices rose in early Asian trade and were on track for a third straight week of gains with icy conditions in parts of the ...

The 1st Duke of Wellington was a celebrated military hero before entering politics, and his extensive battlefield experience ...

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

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

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 Plc is still seeking commercial pathways to oil production in Namibia after writing off about $400 million of wells in the southern African country, where multiple energy majors have been ...

SHEL deems the oil discovery located in Namibia's offshore block PEL 39 commercially infeasible for development.

Supermajor says write-off is ‘accounting process’; licence still has oil and gas potential; and looks for other Namibia ...

Shell and its partners in Namibia were now exploring other opportunities and pathways towards development of oil and gas ...