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 ...

Investing.com -- Nigeria’s state oil company, NNPC Ltd., has seen a change in management as the country’s President Bola Tinubu appoints Bashir Ojulari, former head of a unit of Shell Plc, to ...

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 ...

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.

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 ...

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 ...

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's $2.4 billion sale of its onshore business to a group of local companies was confirmed last week by Nigeria’s special advisor to the president on energy, Olu Verheijen.

Nigeria has blocked Shell's sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil , the country's upstream oil regulator said on Monday.