French energy giant TotalEnergies is set to sell its onshore business in Nigeria, its CEO Patrick Pouyanne has said, noting that operation in the Niger Delta is a “real difficulty.” Another oil major Shell announced last month that it was selling its onshore property—the Shell Petroleum Development Company(SPDC)—after decades of operation in t...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected the planned sale of Shell’s onshore assets, claiming the group being speculated to buy up the assets is unknown to it. On January 16, Shell said it would sell its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), for a [...
Global oil giant, Shell, operating in Nigeria as Shell Petroleum Development Company (SPDC), yesterday announced the sale of its $1.2 billion onshore oilfields and gas assets to Renaissance, a consortium of five companies. The five Nigerian companies with footprints in oil exploration and production are; ND Western, Aradel Energy, First E&...
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