VOICE AIR MEDIA, News Update
Shell Plc has reached an agreement to sell its Nigerian onshore oil assets to a local consortium for over $1.3 billion, pending government approval.
Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich, confirmed this in a statement on Tuesday, where he highlighted the significance of the deal, emphasizing the company’s focus on streamlining its portfolio and directing disciplined investments towards deepwater and integrated gas ventures in Nigeria.
This move aligns with Shell’s strategic objective to exit the challenging operating environment in the Niger Delta region. In addition to the initial sum, Shell anticipates receiving extra payments of up to $1.1 billion.
The purchasing consortium, named Renaissance, comprises ND Western, Aradel Energy, First E&P, Waltersmith, and Petrolin.
This is a developing story, as more details to come……
News Update THE Osun State Government and the All Progressives Congress (APC) have traded words…
News Update Former Ekiti State Governor Ayo Fayose has revealed that President Bola Ahmed Tinubu…
By Waheed Adekunle Despite humongous resources available to Governor Ademola Adeleke's government, he couldn't do…
News Update The Nigerian government has confirmed that President Bola Tinubu approved US military strikes…
News Update President Donald Trump, on Thursday, announced that the United States had carried out…
News Update The attention of the Presidency has been drawn to a viral falsehood circulating…