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Shell Resumes Talks in Nigeria Oil Fields Sale to Local Firm

(Bloomberg) -- Shell Plc has resumed talks to sell its stake in a joint venture that operates onshore and shallow-water oil and gas fields in Nigeria to local firm ND Western Ltd. about a year after the process was put on ice, according to people with knowledge of the matter.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy Chi...
Niger Delta Nigeria General Ben Van Beurden Bola Tinubu Bloomberg Businessweek Bloomberg Shell Plc
Source: yahoo.com

Shell Reinitiates Discussions on Nigeria Oil Fields Sale with Local Company

Shell Plc has resumed discussions with local firm ND Western Ltd. to sell its stake in a joint venture operating onshore and shallow-water oil and gas fields in Nigeria, according to sources. The talks were paused in June 2022 due to a lawsuit at Nigeria's Supreme Court regarding alleged pollution in the Niger Delta. Despite |
Niger Delta Nigeria General Bola Tinubu Sahara Group Ltd Gas Ltd Seplat Energy Plc

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Centrica puts sale of UK North Sea natural gas fields on hold to maintain domestic production

The assets are “a key part of our portfolio,” along with the energy supplier’s stakes in Britain’s nuclear power stations, Chief Executive Officer Chris O’Shea told reporters Thursday. It’s a turnaround from 2019, when Centrica said it would exit oil and gas production for good — which it did in Norway, but not in Britain.
North Sea Oceans General United Kingdom Morecambe Bay Chris Oshea Centrica Plc

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