Reuters
Exclusive-Shell’s Nigerian oil assets attract interest from local firms, sources say
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Reuters
Exclusive-Shell’s Nigerian oil assets attract interest from local firms, sources say
LONDON (Reuters) – At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell’s onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters.
Shell started talks with the Nigerian government last year about selling its stake in the West African country’s onshore fields, where it has been active since the 1930s, as part of a global drive to reduce its carbon emissions.
Shell operates SPDC (Shell Petroleum Development Company of Nigeria) and holds a 30% stake in the venture. The state’s Nigerian National Petroleum Corporation (NNPC) holds 55%, TotalEnergies has 10% and ENI 5%.
Shell has also struggled for years with spills in the Niger Delta due to pipeline theft and sabotage as well as operational issues, leading to costly repairs and high-profile lawsuits.
The sale has drawn interest from independent Nigerian oil and gas firms including Seplat Energy, Sahara Group, Famfa Oil, Troilus Investments Limited and Nigeria Delta Exploration and Production (NDEP), the sources said.
A Shell spokesman declined to comment.
Posted in: Big Oil, Business ethics, Business Principles, Environment, Fossil Fuels, Human Rights, Militant attacks, Nigeria, Ogoniland, Oil, Oil Spill, Pollution, Reuters, Royal Dutch Shell, Royal Dutch Shell Plc, Shell.
Tagged: Environment · Militant Attacks · Niger Delta · Nigeria · Oil · Royal Dutch Shell Plc · Shell
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30 November 2023: Posted by John Donovan
The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more
Broadband Service is Appalling
I ordered shell energy broadband on nov 2. I was promised connection the following week. They initiated the direct debit. I called the following week and was told router would arrive on 13 and service would go live on 17. No further email or communication until 20 when I was told service would start on 30th. Spent 10 minutes waiting on phone line and spoke to a polite assistant who was absolutely useless in solving my problem. Avoid this unprofessional and chaotic… Read more
The worst ever
I used shell broadband. It was by far the worst broadband provider ever! The internet did not work most days. I had their super fast broadband and it dropped out constantly. Watching a movie was awful with the constant buffering. Customer support was super slow. Now their going to charge me for the useless router which I have sent back.
Date of experience: 21 November 2023
The worst ever
I used shell broadband. It was by far the worst broadband provider ever! The internet did not work most days. I had their super fast broadband and it dropped out constantly. Watching a movie was awful with the constant buffering. Customer support was super slow. Now their going to charge me for the useless router which I have sent back.
Date of experience: 21 November 2023
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