• Upstream
  • Pipelines & Transport
  • Downstream
Monday, August 25, 2025
Oil&Gas Advancement
  • Home
  • News
    Oil Gas Exploration in Mediterranean Sea

    Eastern-Libya to Approve Turkey’s Oil & Gas Exploration in Mediterranean Sea

    Iraq Chevron Signs Deal

    Iraq, Chevron Signs Deal to Revitalise Oil and Gas Assets

    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Natural Gas Pipeline Expansion

    ICGB Secures Permit for Natural Gas Metering Station

    India Launches Deepwater Exploration Mission for Energy

    India Launches Deepwater Exploration Mission for Energy

    ExxonMobil Boosts Fourth Oil Development in Guyana to 900000 bopd

    ExxonMobil Boosts Fourth Oil Development in Guyana to 900,000 bopd

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Imperial Oil Launches Renewable Diesel Production Complex

    Imperial Oil Launches Renewable Diesel Production Complex

    Egypt to Reach a Natural Gas Deal of $35 billion with Israel

    Egypt to Reach a Natural Gas Deal of $35 billion with Israel

  • Projects
    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Mabadala Energy Invests in US Natural Gas Market Expansion

    SEWA Implements Natural Gas Network Connection in the UAE

    SEWA Implements Natural Gas Network Connection in the UAE

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Natural Gas Transition Boost Economy in Northwestern Tunisia

    Natural Gas Transition Boost Economy in Northwestern Tunisia

    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Eni Ghana Expands Natural

    Eni Ghana Expands Natural Gas for OCTP to Power Ghana

    Var Energi Partners with TechnipFMC

    Var Energi Partners with TechnipFMC for Subsea Projects

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home News

Shell agrees to sell Nigerian onshore subsidiary, SPDC

in News, Upstream
Ithaca Energy unit to acquire Chevron’s Central North Sea assets
Share on FacebookShare on Twitter

Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group.

Completion of the transaction is subject to approvals by the Federal Government of Nigeria and other conditions.

Transaction will preserve SPDC’s operating capabilities for benefit of joint venture
The transaction has been designed to preserve the full range of SPDC’s operating capabilities following the change of ownership. This includes the technical expertise, management systems and processes that SPDC implements on behalf of all the companies in the SPDC Joint Venture (SPDC JV)*. SPDC’s staff will continue to be employed by the company as it transitions to new ownership.

Following completion, Shell will retain a role in supporting the management of SPDC JV facilities that supply a major portion of the feed gas to Nigeria LNG (NLNG), to help Nigeria achieve maximum value from NLNG.

Shell to focus investment on Deepwater and Integrated Gas positions

“This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta, simplifying our portfolio and focusing future disciplined investment in Nigeria on our Deepwater and Integrated Gas positions” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director.

“It is a significant moment for SPDC, whose people have built it into a high-quality business over many years. Now, after decades as a pioneer in Nigeria’s energy sector, SPDC will move to its next chapter under the ownership of an experienced, ambitious Nigerian-led consortium.

“Shell sees a bright future in Nigeria with a positive investment outlook for its energy sector. We will continue to support the country’s growing energy needs and export ambitions in areas aligned with our strategy.”

* The SPDC JV is an unincorporated joint venture comprised of SPDC Ltd (30%), the government owned Nigerian National Petroleum Corporation (55%), Total Exploration and Production Nigeria Ltd (10%) and Nigeria Agip Oil Company Ltd (5%).

Previous Post

chevron direct investment fund ltd. confirms Kazakh investments

Next Post

Eni moves ahead with conversion of the Livorno refinery into a bio-refinery

Related Posts

Oil Gas Exploration in Mediterranean Sea
Exploration Development

Eastern-Libya to Approve Turkey’s Oil & Gas Exploration in Mediterranean Sea

August 25, 2025
Iraq Chevron Signs Deal
News

Iraq, Chevron Signs Deal to Revitalise Oil and Gas Assets

August 22, 2025
Yellowtail Field Project
News

Saipem Completes Construction of Yellowtail Field Project

August 21, 2025
Natural Gas Pipeline Expansion
News

ICGB Secures Permit for Natural Gas Metering Station

August 19, 2025
India Launches Deepwater Exploration Mission for Energy
Exploration Development

India Launches Deepwater Exploration Mission for Energy

August 16, 2025
ExxonMobil Boosts Fourth Oil Development in Guyana to 900000 bopd
News

ExxonMobil Boosts Fourth Oil Development in Guyana to 900,000 bopd

August 14, 2025
Next Post
Eni receives approval for the Abay subsoil use right

Eni moves ahead with conversion of the Livorno refinery into a bio-refinery

LatestNews

Iraq Chevron Signs Deal
News

Iraq, Chevron Signs Deal to Revitalise Oil and Gas Assets

August 22, 2025
Yellowtail Field Project
News

Saipem Completes Construction of Yellowtail Field Project

August 21, 2025
Natural Gas Pipeline Expansion
News

ICGB Secures Permit for Natural Gas Metering Station

August 19, 2025
India Launches Deepwater Exploration Mission for Energy
Exploration Development

India Launches Deepwater Exploration Mission for Energy

August 16, 2025
ExxonMobil Boosts Fourth Oil Development in Guyana to 900000 bopd
News

ExxonMobil Boosts Fourth Oil Development in Guyana to 900,000 bopd

August 14, 2025
Venture Capital Makes Phenomenal US LNG Investment
America

Venture Capital Makes Phenomenal US LNG Investment

August 13, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.