Shell completes sale of Nigerian onshore subsidiary SPDC

Shell completes sale of Nigerian onshore subsidiary SPDC

Shell said on Thursday it had completed the sale of its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited, to Renaissance.

Acquisition of Shell Petroleum Development Company of Nigeria (SPDC) completed

Aradel Holdings Plc has announced the completion of SPDC Nigeria by Renaissance Africa Energy Holdings.

Acquisition of Shell Petroleum Development Company Of Nigeria (SPDC) completed - Thepodiummedia

Aradel Holdings Plc (’’Aradel’’), listed on the Nigerian Exchange Limited, is pleased to announce that the landmark acquisition of the entire (100%) equity holding in the Shell Petroleum Development Company of Nigeria (SPDC) by RenaissanceAfrica Energy Holdings (Renaissance) has been completed following the signing of a sale and purchase agreement with Shell in January 2024, and the subsequent receipt of  all regulatory approvals required for th…

Renaissance’s acquisition of SPDC will facilitate rapid development of Nigeria’s vast oil and gas resources – Aradel  boss - Worldstage

WorldStage Newsonline– Adegbite Falade, MD/CEO of Aradel Holdings has expressed optimism that the just concluded acquisition of the entire (100%) equity holding in the Shell Petroleum Development Company of Nigeria (SPDC) by Renaissance Africa Energy Holdings (Renaissance consortium ) will facilitate the rapid development of Nigeria’s vast oil and gas resources, further paving the way for the country to achieve energy security and industrial dev…

Shell completed the divestiture of its subsidiary Shell Petroleum Development Company of Nigeria Limited (SPDC) in Renaissance, marking a key step in the restructuring of its operations in Nigeria. This transaction is part of Shell's strategy to simplify its presence in the country by withdrawing from land-based oil production in the [...]

Renaissance Africa Power Completes Complete Acquisition of Shell’s Nigerian Belongings – TV360

Source link : https://afric.news/2025/03/15/renaissance-africa-energy-completes-full-acquisition-of-shells-nigerian-assets-tv360/ Creator : AfricNews Post date : 2025-03-15 07:30:00 Copyright for syndicated content material belongs to the connected Source.