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 Online Publishers Association (OOPA) has announced, with deep sorrow and a…
News Update Benin’s President Patrice Talon is safe and the army is regaining control, after…
News Update THE military has seized power from the civilian government in Benin Republic after…
...Congratulates Osun APC, LGA Chairmen Over S'Court Verdict A chieftain of the All Progressives Congress,…
News Update A Nigerian Air Force jet crashed near Karabonde in the Borgu Local Government…
News Update THE Osun State chapter of the All Progressives Congress (APC) has accused the…