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Shell Petroleum B.V. has signed a deal to sell its entire interest in Shell Nigeria Gas Group to Nigerian firm Vaaris Energy Limited, pending regulatory clearance. The move aligns with Shell’s strategy to focus on deep‑water and integrated gas projects in the country.
At the NAEC 2026 Energy Conference in Lagos, the Federal Government, the Nigerian Content Development and Monitoring Board and industry leaders urged wider access to oil and gas assets, financing, infrastructure and technology to increase local involvement and unlock the country’s energy potential.