Shell

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Shell Dives into Billion-Dollar Deal in Nigeria

Energy Market - Environmental Impact - Nigeria - Oil and Gas - Shell - Sustainability

Shell seals $2.4 billion agreement to sell Nigerian onshore business, making waves in the oil and gas industry! 🛢️💰 #Shell #Nigeria #OilandGas

Shell recently made headlines by finalizing a monumental deal to sell its onshore business in Nigeria to Renaissance for a staggering $2.4 billion. This strategic move marks a significant shift for the British energy giant, which has been a key player in Nigeria's oil and gas sector since the 1930s. The sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) to a consortium of companies is set to reshape the landscape of the industry.

The decision to divest from Nigeria's troubled onshore oil sector comes after years of grappling with environmental challenges, including hundreds of oil spills in the Niger Delta region. Activists have raised concerns about the ecological impact of Shell's operations and are closely monitoring the implications of this billion-dollar transaction.

In a parallel development, Shell secured approval for the development of the Victory gas field in the UK's North Sea, further solidifying its strategic investments in different regions. The company's expansion plans and divestment strategies are making waves in the global energy market, setting the stage for new opportunities and challenges in the industry.

On the other hand, Shell is facing shareholder pressure to set more ambitious climate targets, with investors and advocacy groups pushing for greater accountability in sustainability efforts. The energy giant's actions in Nigeria and the UK reflect the evolving priorities and responsibilities of major corporations in addressing environmental concerns while pursuing profitable ventures.

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Image courtesy of "OGV Energy"

Shell to sell Nigerian onshore business for $2.4bn (OGV Energy)

Shell has reached an agreement to divest its onshore business in Nigeria to Renaissance in a deal valued at $2.4bn.

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Image courtesy of "Africanews English"

Shell will sell big piece of its Nigeria oil business, but activists want ... (Africanews English)

Shell said Tuesday it agreed to sell its onshore business in Nigeria's Niger Delta to a consortium of companies in a deal worth $2.4 billion, ...

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Image courtesy of "Oilfield Technology"

Shell agrees to sell Nigerian onshore subsidiary, SPDC (Oilfield Technology)

Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, ...

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Image courtesy of "Firstpost"

Shell to exit Nigeria's troubled onshore oil after nearly a century (Firstpost)

The British energy giant pioneered Nigeria's oil and gas business beginning in the 1930s. It has struggled for years with hundreds of onshore oil spills as ...

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Image courtesy of "Asaase Radio"

Shell sells Nigerian onshore subsidiary at US $2.4 billion - Asaase ... (Asaase Radio)

The buyer of the asset, known as Renaissance, is formed of exploration and production companies ND Western, Aradel Energy, First E&P, Waltersmith and ...

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Image courtesy of "The Africa Report"

Nigeria: Who are the five new owners of Shell's $2.4bn onshore ... (The Africa Report)

ND Western Limited is an independent Nigerian oil and gas exploration and production company comprising a consortium of four companies: Niger Delta Petroleum ...

Breaking: Victory for Shell as new West of Shetland gas field approved (Energy Voice)

The UK government has approved plans by Shell to develop the Victory gas field in the West of Shetland area.

Shell (SHEL) Exits Nigeria's Onshore Oil Assets for $2.4B (Nasdaq)

Shell plc SHEL recently announced a deal involving the sale of its Nigerian onshore oil and gas subsidiary. The multinational energy company has agreed to ...

Shell Makes FID for Victory Gas Field in North Sea (OE Digital)

Shell has taken a final investment decision (FID) on the Victory gas field in the UK North Sea, approximately 47 km north…

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Image courtesy of "Internatinal Centre For Investigative Reporting"

Implications of Shell divestment from Nigeria's oil business – Experts (Internatinal Centre For Investigative Reporting)

On Tuesday, January 16, Shell Plc disclosed its consent to sell its Nigerian onshore oil and gas subsidiary, Shell Petroleum Development Company of Nigeria ...

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Image courtesy of "Upstream Online"

Shell rubber-stamps new gas project nearly 50 years after original ... (Upstream Online)

Shell has taken a long-awaited final investment decision to develop its Victory gas project in the UK's West of Shetland waters.

Nigeria: Amnesty International Kicks As Shell Sells Nigeria's ... (AllAfrica.com)

Shell Plc has agreed to sell its Nigerian onshore oil business to a consortium of local companies for more than $1.3 billion.

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Image courtesy of "Offshore Energy"

Shell sanctions North Sea tie-back to TotalEnergies' UK gas hub (Offshore Energy)

Shell has taken a final investment decision (FID) to develop a gas field in the UK sector of the North Sea.

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Image courtesy of "Reuters"

Shell approves plan to develop North Sea gas field (Reuters)

Shell has given the financial go-ahead for the development of the Victory gas field in the British North Sea, the latest development aimed at boosting the ...

Shell's $2.4bn assets sale: Meet the titans behind the deal (Businessday.ng)

Energy giant Shell has committed to divesting its onshore oil and gas assets in Nigeria for $2.4 billion, indicating a strategic move away...

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Image courtesy of "Nairametrics"

Renaissance Consortium: Leaders paving the way in Shell's $1.3 ... (Nairametrics)

Shell recently announced a deal to sell its Nigerian onshore oil assets for over $1.3 billion, pending government approval.

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Image courtesy of "Energy Voice"

Shell's appeal of landmark climate ruling to begin in April (Energy Voice)

Shell's appeal against a landmark ruling ordering it to cut its carbon emissions by 45% over the next decade will begin in April.

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Image courtesy of "New Era"

Shareholders urge Shell to set climate targets (New Era)

A group of shareholders in British oil major Shell have submitted a resolution for the upcoming annual shareholders' meeting that would force the company to ...

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Image courtesy of "Rigzone"

Shell to Sell Nigerian Onshore Subsidiary (Rigzone)

Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited.

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Image courtesy of "Offshore Technology"

Shell faces another shareholder rebellion over climate resolution (Offshore Technology)

Investors including the UK's biggest pension scheme prepare to back call for Shell to set more ambitious emissions targets.

UK pension schemes back climate resolution against Shell (Pensions Age)

Twenty-seven major shareholders, including a number of UK pension schemes, have co-filed a climate resolution with green shareholder group Follow This, ...

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Image courtesy of "Voice of America"

Rights Groups Call for Review of Shell's Operations in Nigeria Amid ... (Voice of America)

Human rights group Amnesty International and other advocacy groups raised concerns Tuesday over British oil giant Shell's sale of its onshore businesses in ...

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Image courtesy of "EnviroNews Nigeria"

Why Shell must address ecological impacts concerns before selling ... (EnviroNews Nigeria)

This transaction follows similar moves by Chevron, Total-Energies, and ExxonMobil to sell off “oil assets” in the Niger Delta. While we acknowledge that ...

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Image courtesy of "ETEnergyworld.com"

Shell will sell big piece of its Nigeria oil business, but activists want ... (ETEnergyworld.com)

"This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger ...

Shell to develop Victory gas field (Oil & Gas Journal)

Shell UK Ltd. will develop Victory gas field in the British North Sea about 47 km northwest of the Shetland Islands.

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Image courtesy of "Guardian"

ERA/FoEN urges FG to hold Shell liable for environmental crimes (Guardian)

Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has urged the Federal Government to stop Shell Petroleum Development Company's (SPDC) ...

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Image courtesy of "Independent Newspaper Nigeria"

Consortium To Acquire Shell's Assets For $2.4bn (Independent Newspaper Nigeria)

LAGOS – A consortium of five mostly local companies wIll acquire onshore assets of Shell's subsidiary for a consideration of $1.3 billion.

Shell to Sell Nigerian Onshore Subsidiary (Yahoo Finance)

Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited.

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Image courtesy of "Rigzone"

Shell UK Makes FID on Victory Field in North Sea (Rigzone)

The development will feature a single subsea well that will be tied back to existing infrastructure of the Greater Laggan Area system.

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