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Shell agrees to sell Nigerian onshore subsidiary, SPDC

London -- Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited to Renaissance, a consortium of five companies comprising...

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Shell will sell big piece of its Nigeria oil business, but activists want pollution cleaned up first

Shell will sell big piece of its Nigeria oil business, but activists want pollution cleaned up first
thegrio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrio.com Daily Mail and Mail on Sunday newspapers.

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Shell sells Nigeria onshore subsidiary amid Niger Delta exit

Shell PLC - London-headquartered oil & gas producer - Agrees to sell its Nigerian onshore subsidiary, Shell Petroleum Development Co of Nigeria Ltd, or SPDC, to Renaissance for USD1.3 billion....

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Shell to Sell Nigeria Onshore Oil Business for $1.3 Billion

Shell to Sell Nigeria Onshore Oil Business for $1.3 Billion
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Shell to Sell Nigeria Onshore Oil Business for Up to $2.4 Billion -- Update

By Christian Moess Laursen Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit what was for decades one of its most dependable...

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Shell To Divest Nigerian Unit To Renaissance For Undisclosed Sum

Shell To Divest Nigerian Unit To Renaissance For Undisclosed Sum
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Shell to divest Nigerian unit to Renaissance for undisclosed sum

Energy giant Shell announced Tuesday that it has reached a deal to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited or SPDC, to Renaissance, for an undisclosed sum. Renaissance is a consortium of five companies comprising four exploration and production firms based in Nigeria and an international energy group. Zoe Yujnovich, Shell's integrated gas and upstream director, said: "This agreement marks an important milestone for Shell in Nigeria, aligni

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Shell Company Exits Oil Exploration In Nigeria, Announces Sale Of Subsidiary To Local Firm At $1.3billion

The Renaissance Africa Energy has reached a groundbreaking agreement with Shell to acquire its entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC).  Renaissance is a consortium consisting of ND Western Limited, Aradel Holdings Plc, the Petrolin Group, FIRST Exploration and Petroleum Development Company Limited, and the Waltersmith Group. Shell shared a post confirming the acquisition which is subject to approval by the Nigerian authorities.

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