Namibia’s oil prospects hurt as Shell writes down offshore oil discovery
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 discovery in Namibia, deeming the project commercially unviable. Shell announces a $400 million write-down for an offshore oil discovery in Namibia. Total Energies…
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