Shell aims to divest the SPDC for $1.3 billion, with additional payments of up to $1.1 billion, according to the official announcement. This is as Aradel Holdings Plc, Nigeria’s leading ...

Key recent developments in the segment include the January 2024 negotiated ~$2.4B sale of Shell's highly troubled operations in onshore Nigeria's Niger delta, where oil spills and other issues had ...

Nigeria's decision this week to block Shell's $2.4 billion sale of its onshore assets has sent a negative signal to investors the country urgently needs to strengthen its all-important oil sector ...

An oil spill has occurred at the Shell loading terminal in Nigeria's Delta region after a pipeline ruptured, Nigeria's maritime agency said on Sunday. The Nigerian Maritime Administration and ...

Shell plc’sSHEL deal to sell its onshore Nigerian subsidiary, Shell Petroleum Development Company Ltd ("SPDC"), for $1.3 billion has suffered a setback, with the Nigerian Upstream Petroleum ...

Shell PLC said Thursday it had completed the divestment of its Niger Delta subsidiary to a Nigerian consortium, in a $1.3 billion transaction previously held back by regulators.

In a 1993 letter, Shell said it did “not operate using a top-down management approach”, adding: “Each operating company not only has its own legal identity, but also responsibility for its ...

TechnipFMC (NYSE: FTI) has been awarded a substantial(1) contract by Shell Nigeria Exploration and Production Company Limited to supply Subsea 2.0® pr ...

Shell has struck a long-awaited deal, worth up to $2.4 billion, to sell its Nigerian onshore subsidiary to Renaissance, a consortium of five companies, four based in Nigeria while the other is an ...