Osagie Okunbor, managing director, Shell Petroleum Development Company of Nigeria Limited, and country chair, Shell Companies in Nigeria, has been recognised for his “Invaluable contributions to ...

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 ...

Shell's existing operations in Nigeria Currently, a joint venture led by SPDC produces 750,000 barrels of oil equivalent per day on acreage that lies across 28 licenses near the Niger Delta.

It said three Shell companies in Nigeria and their partners in 2023 made the expenditure which represents a 23 per cent increase compared to $34.29 million in the previous year. Shell exclusively ...

LAGOS, June 17 (Reuters) - Royal Dutch Shell has some $40 billion worth of potential investment in deepwater oil projects in Nigeria on hold amid uncertainty over planned reforms to the energy ...

Shell said Tuesday that it had agreed to sell its onshore oil and gas business in Nigeria to a group dominated by local companies for $1.3 billion.

Shell remains a key player in Nigeria’s economy, as evidenced by the $4.9 billion paid to the government of Nigeria in 2023 alone. This figure is part of a larger $67 billion payment across 26 ...