Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria
16 a deal to sell its entire Nigerian onshore business for up to $2.4 billion, as the supermajor shifts its focus to deepwater oil and gas projects following years of security challenges and spills in the restive Niger Delta. The agreement with Renaissance — a consortium of four Nigerian ...
Shell agrees to sell Nigerian onshore subsidiary, SPDC Jan 16, 2024 Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production compani...
Shell is selling its onshore subsidiary in Nigeria for $2.4bn. The new owners are Renaissance, a consortium of businessmen that includes Nigerians, a non-Nigerian, and a Special Purpose Vehicle. We dig into the five companies.
Eni and Shell on trial in Italy over Nigeria ‘corruption’ Dec 20th, 2017 by John Donovan. Comments are off for this post 20 December 2017 Two global oil giants, Eni and Shell, are to stand trial in Italy over allegations of corruption in Nigeria. The case involves the purchase of ...
Royal Dutch Shell is planning a £20bn sell-off of assets to create a leaner oil giant after its £47bn swoop for rival BG Group. Shell has snapped up BG to expand its liquefied natural gas business and Brazilian deepwater wells but the deal also creates a sprawling £200bn behemoth...
But before anyone applauds, note that the oil giant is slipping out the back door largely to avoid cleaning up the monumental mess it created, all while still clinging to the profitable parts of the business. In a $2.8 billion“exit” deal announced in January, Shell agreed to sell its ...
Cue the confetti: Shell is finally packing its bags after 87 years in Nigeria’s Niger Delta. But before anyone applauds, note that the oil giant is slipping out the back door largely to avoid cleaning up the monumental mess it created, all while still clinging to the profitable parts of...
"And of course our major contribution remains to run a decent business." Making sense of Shell's sense-making in Nigeria during the 1990s ROYAL Dutch Shell PLCNIGERIAN historyNARRATIVE discourse analysisSOCIAL responsibility of businessINTERNATIONAL relationsINTERNATIONAL business enterprises & society......
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. It marks the end of the of the London-based energy giant's nearly century...