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Shell is selling its Nigerian onshore oil and gas business to a Nigerian-led energy consortium for $1.3 billion and will receive additional payments of up to $1.1 billion from the European group.
The National Civil Society Council of Nigeria (NCSCN) has rejected the divestment deal being planned by the Shell Petroleum Development Corporation (SPDC) without first resolving the pending cases of pollution and degradation against it by the victimised residents and communities of the Niger Delta region. The civil society council at a press conference in Abuja on Tuesday said it would mobilise the Nigerian people to embark on nationwide protests against Shell Company as well as the occupation of all its offices if it sees the divestment deals as an “escape route.”
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....
Shell Plc has said that it expects higher earnings from gas trading in the fourth quarter of 2023. This upward
Authorities uncovered 42 refineries and 14 illegal pipelines operating in the Niger Delta, in a week-long operation.