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Shell will write down around $400 million over an oil discovery offshore Namibia it deemed commercially unviable.<\/em><\/p>\n This is a blow to the country’s efforts to become a crude producer.<\/p>\n Shell told Reuters this week that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot currently be confirmed for commercial development”.<\/p>\n Shell and its partners, QatarEnergy and Namibia’s national oil company Namcor, first discovered hydrocarbon in block PEL39 in 2022, which together with…<\/p>\n<\/div>\n Read more on AllAfrica.com<\/a> Shell will write down around $400 million over an oil discovery offshore Namibia it deemed commercially unviable. This is a blow to the country’s efforts to become a crude producer. Shell told Reuters this week that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot currently be confirmed for commercial development”. Shell […]<\/p>\n","protected":false},"author":11,"featured_media":188325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn08.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[723],"tags":[258,256,7797,46285,15080,15761,5118,4706,724,257,4221,21743,254,7153,24456,12962],"class_list":["post-188324","post","type-post","status-publish","format-standard","has-post-thumbnail","category-namibia","tag-africa","tag-africa-news","tag-blow","tag-commercially","tag-deemed","tag-discovery","tag-million","tag-namibia","tag-namibia-news","tag-news","tag-oil","tag-shell","tag-south-africa-today","tag-southern","tag-unviable","tag-write"],"fifu_image_url":"https:\/\/cdn08.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/188324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=188324"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/188324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/188325"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=188324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=188324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=188324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 Southern Africa Namibia<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"