Shell PLC - London-based oil and gas company - Completes the sale of the Shell Petroleum Development Co of Nigeria Ltd to Renaissance, as announced in January. The sale aligns with Shell‘s intent to simplify its presence in Nigeria through an exit of onshore oil production in the Niger Delta and a focus of future disciplined investment in its Deepwater and Integrated Gas positions. Renaissance is a consortium of five companies comprising four exploration and production companies – ND Western, Aradel Energy, First E&P, Waltersmith – based in Nigeria - and the international energy group, Petrolin. No financial details were disclosed.
Current stock price: 2,599.50 pence
12-month change: up 2.9%
Copyright 2025 Alliance News Ltd. All Rights Reserved.
