Home / Corporates / Oil and Gas

Shell to exit nearly a century of Nigerian onshore operations with $2.4 billion sale

Shell Logo via twitter

Published on 19th January 2024

Shell is set to conclude almost 100 years of onshore oil and gas operations in Nigeria by selling its subsidiary to a consortium of local companies for up to $2.4 billion.

The move comes as Shell has faced challenges in Nigeria, including onshore oil spills due to theft, sabotage, and operational issues.

Comments: 0

TVA, Argo, and Brookfield Sign Power Purchase Agreement
CarbonFree Launches endurocal™: The World’s First Zero-Carbon Mineral
Masdar and SOCAR Green Secure Financial Close for Major Solar Projects in Azerbaijan
TotalEnergies and Oil India Partner on Methane Emissions Detection Using AUSEA Technology
Eni Earns “Gold Standard Reporting” Recognition for Methane Emissions Accountability

Shell to exit nearly a century of Nigerian onshore operations with $2.4 billion sale

Leave a Reply Cancel reply

News

High Emitting Sectors

Media

Company