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 ...

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 ...

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 ...