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Nairaland Forum / Nairaland / General / Politics / Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion (12722 Views)
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Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by ogododo: 10:37am On Jan 16 |
Shell Plc agreed to sell its Nigerian onshore oil assets to a consortium of local companies for more than $1.3 billion. https://www.bloomberg.com/news/articles/2024-01-16/shell-to-sell-nigeria-onshore-oil-business-for-1-3-billion 5 Likes 1 Share
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Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by ogododo: 10:41am On Jan 16 |
Nawa o. 4 Likes |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by lexylaw09: 10:42am On Jan 16 |
After all the atrocities they have committed. They're taking the easy way out. 32 Likes 5 Shares |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by money121(m): 10:46am On Jan 16 |
All is well Billion Billion Yi noni 1 Like |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Kenochi(m): 10:58am On Jan 16 |
Let me take sometime to educate Nigerians before some people will come here and start claiming that the Economy is failing Most operators in Nigeria's Upstream Oil and Gas Sector know that their game is up,there was a time Nigeria through the NNPCL had to resort to the importation of Refined Crude oil for close to 20 years.This allowed NNPCL and most Oil and Gas companies to participate in the controversy Oil Swap Most Oil and Gas Companies used this fraudulent practice to shortchange the country, they collected crude oil and brought back Refined crude oil and still collected subsidy. Nigeria was fair game and all this big Oil companies looted Nigeria dry Then something happened, the Dangote Refinery was mooted and this would put an end to this evil practice. Most Oil Companies knee that if this Refinery ever started their easy money was over My people, this is what is happening. I am confident that more Oil companies will leave the country because their access to free money is gone for good Still selling good properties with good titles at the Ibeju Lekki Industrial Hub....kindly check my signature 59 Likes 6 Shares |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by dejonathan(f): 10:58am On Jan 16 |
I no kuku understand.. The news wey me dey expect na news wey talk say 50kg of rice is now selling for 10k.. 62 Likes 2 Shares |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by sukkot: 10:58am On Jan 16 |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Brendaniel: 10:58am On Jan 16 |
The transaction would fulfill Shell’s long-term goal of extracting itself from a challenging operating environment in the Niger Delta region. I wanted to say something about this, but let me reserve my comment for now. 7 Likes |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by sofeo(m): 10:59am On Jan 16 |
It's well. |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Goodoldays(m): 10:59am On Jan 16 |
Tinubu wee handuu economy,Shettibobo wee handuu security 22 Likes |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Felix6: 10:59am On Jan 16 |
Wetin E mean? Make who understand explain abeg. |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by bro4u: 10:59am On Jan 16 |
One Nigerian politician can buy that business 5 Likes 1 Share |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by dubaino(m): 11:00am On Jan 16 |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by freshkpomo(m): 11:00am On Jan 16 |
Let's divide this country but some mumu say no. Una nor know say na because we too get diversity that why the leaders can mess with us. For this Benin when I dey so, of any politician Bleep up, na once we dey agree to vote against am because we are one people and it's much easier. But if you check Edo north, they always vote differently from us because their culture and religion still different. She'll don Bleep up well well for Nigeria and they ought to pay. 5 Likes |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Lagosianswag: 11:00am On Jan 16 |
The buyers' names should be listed in the dailies. Transparency in this transaction is needed. 3 Likes |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by InteliJ(f): 11:00am On Jan 16 |
I think oil companies are now moving to sustainable energy That's the new oil Is petroleum engineering a viable course to study in big 2024? I don't think so. But since time revealeth all things, we shall know 5 - 10 years from now. 7 Likes |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by ecolime(m): 11:00am On Jan 16 |
A very sad day SPDC sold but SNEPCO remains. The divestment on land and swamp assets has been in the pipeline for several years so this isn't surprising. SPDC has been sold to Rennaisance. The new major stakeholders in this group are ND Western, Aradel, Waltersmith group and Co. I just hope the new owners don't act like typical wicked Nigerian employers 🙄 Their union should follow through on their struggle for severance packages with or without transition to the new owners. 9 Likes 2 Shares |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by verybadmouth(m): 11:00am On Jan 16 |
Good they will now be owned by Locals. But we need to know who the locals are o 2 Likes |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by aieromon(m): 11:00am On Jan 16 |
Offshore production is the new game for IOCs. Let local companies manage the expectations of the oil producing communities, their insatiable needs and recurring oil theft. Tony Elumelu is still struggling to manage OML 17. https://businessday.ng/energy/article/nigerias-onshore-oil-output-dips-as-iocs-hold-sway-in-offshore/ IOCs began abandoning onshore fields when sabotage of oil pipelines by vandals and oil thieves became a norm. The situation was made worse by NNPC’s inability to pay its share of costs for oil production. 5 Likes 1 Share
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Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by omenka1: 11:01am On Jan 16 |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Donedeal1(m): 11:01am On Jan 16 |
Shell join japa The jungle don red 5 Likes |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by fawaz050(m): 11:02am On Jan 16 |
how much is the $1.2B if not for sapa 2 Likes 1 Share |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Omola2ulv: 11:03am On Jan 16 |
Stop use LOADNG for exchange https://www.nairaland.com/7899180/loadng-exchanger-paypal-scam#127967790 |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by SharingIsLife(m): 11:03am On Jan 16 |
Shell to sell Its oil well And out of hell. Oh ring the bell 1 Like
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Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Sagacity3711(m): 11:03am On Jan 16 |
How will that be of benefits for the common man on the street? Somebody should please elucidate more 1 Like |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by socialmediaman: 11:03am On Jan 16 |
Only $1.3B? Is it that cheap, or worthless? 2 Likes |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by yesloaded: 11:04am On Jan 16 |
Well played |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Gbadugbakun(m): 11:05am On Jan 16 |
Every foreign company is exiting Nigeria. Wonderful. 1 Like |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by Yousuph007(m): 11:05am On Jan 16 |
Omo |
Re: Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion by MANNABBQGRILLS: 11:06am On Jan 16 |
........ Shell extracting itself from a challenging operating environment in the Niger Delta region. 4 Likes 2 Shares |
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