Shell Resumes Talks in Nigeria Oil Fields Sale to Local Firm
08.02.2023 By Tank Terminals - NEWS

August 2, 2023 [Bloomberg]- Shell Plc has resumed talks to sell its stake in a joint venture that operates onshore and shallow-water oil and gas fields in Nigeria to local firm ND Western Ltd. about a year after the process was put on ice, according to people with knowledge of the matter.

 

The energy giant said in June 2022 that it was pausing the divestment of its 30% interest in the partnership with Eni SpA, TotalEnergies SE and the state-owned Nigerian National Petroleum Co. Ltd., which is known as SPDC, pending the outcome of a lawsuit at the West African country’s Supreme Court. A lower court had earlier ordered Shell not to sell any assets before the dispute with a community in the crude-rich Niger Delta over alleged pollution is resolved.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

First Oil at Shell Brasil FPSO
11.05.2024 - NEWS
November 05, 2024 [Tank Storage Magazine]- Shell Brasil has announced the start of production of ... Read More
Maersk Enters Long-Term Green Methanol Agreement with LONGi to Lower Fleet Emissions
11.05.2024 - NEWS
November 05, 2024 [Chemanalyst]- Maersk has secured a long-term bio-methanol offtake agreement wi... Read More
JERA Finalises Major Australian Acquisition of 15.1% Participating Interest in Woodside Energy’s Scarborough Gas Field Project
11.05.2024 - NEWS
November 05, 2024 [Jera]- JERA Co., Inc. (JERA), a global energy company and Japan’s largest pr... Read More
INEOS Announces Closure of INEOS ABS Facility
11.05.2024 - NEWS
November 05, 2024 [INEOS Styrolution]- INEOS has today announced its decision to permanently clos... Read More