The London-based energy giant has faced decades of domestic criticism over the environmental impact of its oil exploration in Nigeria. ADVERTISEMENT Shell has agreed to sell its onshore business in Nigeria’s Niger River Delta to a consortium of companies in a deal worth $2.4 billion (€2.2 billion), the energy company’s latest move to limit its …
Shell said on Tuesday it had agreed to sell its onshore business in Nigeria’s Niger River Delta to a consortium of companies in a deal worth $2.4 billion, the energy company’s latest move to limit its exposure in the West African nation amid long-standing complaints about environmental pollution caused by the oil industry. Shell SHELL …
Shell to sell offshore oil business in Nigeria, but activists want cleanup of pollution Read More »
It’s earnings season for the super-majors, and most reported annual declines that missed analysts’ expectations. Despite this, however, Big Oil appears optimistic about its core business and is making expansion plans. Exxon, which made headlines earlier this month when it announced its planned acquisition of Pioneer Natural Resources, posted a profit of $9.1 billion, up …
Big oil is sticking to its core business despite weaker third-quarter results Read More »
