Tag: Chevron
Africa Energy Features International

Shell’s write-down of Namibia’s offshore oil discovery ‘merely speed bump, not road block’

North Africa PostComments Off on Shell’s write-down of Namibia’s offshore oil discovery ‘merely speed bump, not road block’

In a blow to Namibia’s efforts to become a crude producer, the British energy giant Shell has announced a $400 million write-down related to an offshore oil discovery in the southern African nation, citing concerns about the project’s commercial viability, There have been several oil explorations by major oil conglomerates in Namibia in recent years, […]
Energy Features Headlines

Angola, DRC close to settling 50-year oil block dispute to become joint holders

North Africa PostComments Off on Angola, DRC close to settling 50-year oil block dispute to become joint holders

Angola and the neighboring Democratic Republic of the Congo (DRC) are reportedly inching towards a settlement of a 50-year dispute over one of their offshore oil blocks, which may also pave the way for the expansion of collaboration between the two countries in various sectors. If successful, the deal could help reduce tensions between the […]