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Shell to resume oil exploration off Namibia in 2026 after write-down

Shell is planning to rekindle exploration efforts off Namibia in 2026, the company told Platts in a statement on Aug. 18, months after it surprised industry watchers by writing down $400 million on its key Orange Basin oil discoveries. The British oil major’s huge Graff discovery – alongside TotalEnergies’ Venus find – transformed the fortunes …

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