Chevron also comes up short in Namibia energy exploration

A 3D printed natural gas pipeline is placed in front of displayed Chevron logo. Source: Reuters/Dado Ruvic

Oil companies have flocked to the country, with recent offshore finds ranking among the largest this century, though exploration has been dealt some blows.

Shell pulls out of Namibia oil discovery

Ron Bousso  9 Jan 2025

Shell said last week that it will write down about $400m over an oil discovery offshore Namibia that it deemed commercially unviable.

Namibia's national oil company said in April it signed a development deal with Chevron to have the company take an 80% operating working interest in an offshore block in the Walvis Basin.