Shell’s $2.4 billion sale of its onshore and shallow sea assets to the local group Renaissance has not been approved by the federal government. These resources include 56.27 trillion cubic feet of gas and an estimated 6.73 billion barrels of crude oil and condensate. Only four of the five divestiture petitions that the government had … Continue reading FG Supports The ExxonMobil/Seplat Agreement But Rejects Shell’s $2.4 Billion Divestment To Renaissance.