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MidOcean Energy → PETRONAS' North Montney Upstream Joint Venture and North Montney LNG Limited Partnership · Natural Gas & NGL MidOcean Energy → JERA Gorgon Pty Ltd. · Natural Gas & NGL Hull Street Energy → Lee County and Tait Electric generating stations · Power and Utilities Standard Solar → EDF Renewables' Bluebonnet Project · Renewable Energy Standard Solar → EDF's Lehigh Valley solar project · Renewable Energy Desjardins → EDF Renewables' stake in Cypress 1 & 2 Wind Projects · Renewable Energy Axium Infrastructure → Capital Power's wind projects portfolio · Renewable Energy Rockland Capital LP → Chamon and Port Comfort Power Plants · Power and Utilities NEO Energy → ExxonMobil's upstream assets in UK North Sea $1B+ · Oil and Gas Harvest Midstream → MPLX's Rockies gathering and processing assets $1.0B · Oil and Gas MPLX LP → BANGL $715M · Natural Gas & NGL Ardian → Hydropower company in Peru · Renewable Energy MidOcean Energy → PETRONAS' North Montney Upstream Joint Venture and North Montney LNG Limited Partnership · Natural Gas & NGL MidOcean Energy → JERA Gorgon Pty Ltd. · Natural Gas & NGL Hull Street Energy → Lee County and Tait Electric generating stations · Power and Utilities Standard Solar → EDF Renewables' Bluebonnet Project · Renewable Energy Standard Solar → EDF's Lehigh Valley solar project · Renewable Energy Desjardins → EDF Renewables' stake in Cypress 1 & 2 Wind Projects · Renewable Energy Axium Infrastructure → Capital Power's wind projects portfolio · Renewable Energy Rockland Capital LP → Chamon and Port Comfort Power Plants · Power and Utilities NEO Energy → ExxonMobil's upstream assets in UK North Sea $1B+ · Oil and Gas Harvest Midstream → MPLX's Rockies gathering and processing assets $1.0B · Oil and Gas MPLX LP → BANGL $715M · Natural Gas & NGL Ardian → Hydropower company in Peru · Renewable Energy

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Oil and Gas Divestiture Completed

Shell Sells Nigerian Onshore Subsidiary to Renaissance

Acquirer

Renaissance (Consortium of five Companies)

→

Target

Shell's Nigerian Onshore Subsidiary

2024

Year

🇳🇬🇬🇧 Nigeria, United Kingdom

Country

Divestiture

Deal Type

$X.XB

Deal Value 🔒

Sector

Upstream

Industry

Oil and Gas

Date Added

Mar 16, 2026

Status

Completed

🔒

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Deal Description

Shell completed the sale of Shell Petroleum Development Company of Nigeria Ltd. (SPDC) to Renaissance.

Renaissance now controls SPDC's 30% stake in the SPDC JV, an unincorporated joint venture with the government-owned Nigerian National Petroleum Corporation (55%), Total Exploration and Production Nigeria Ltd (10%) and Agip Energy and Natural Resources (Nigeria) Limited (5%).

SPDC, which has been renamed Renaissance Africa Energy Company (RAEC) and is no longer part of the Shell group of companies, continues to operate the joint venture on behalf of all the joint venture partners.

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