12
Jan
Niël Terblanché Michel Prud'homme Nzouba, an entrepreneur from Gabon, said the departure of the oil and gas giant Shell from Namibia is not good news for the country. Last week, Shell announced a US$400 million write-down on discoveries made within the license, citing commercial unfeasibility. “When majors like Shell pull out, perceived risk increases and appetite from other players diminishes. Having said that, there may still be hope for Namibia from other players such as TotalEnergies, who are still to conclude their appraisal work,” said Nzouba on LinkedIn. According to Nzouba, as some explorers pull out, the country will inherit…