Shell Trades $759 Million in Crude Amid Environmental Concerns Post-Divestment in Nigeria
An investigation reveals Shell's ongoing involvement in Nigerian oil operations despite divesting in 2025, with gas flaring increasing significantly at transferred assets. The situation raises concerns about the environmental impact of corporate divestment strategies in the oil industry.
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Shell has traded 11 million barrels of crude oil valued at approximately $759 million since divesting its Nigerian onshore subsidiary to Renaissance Africa Energy Company in March 2025. Following the sale, an investigation by Data Desk indicates a rise in gas flaring at 10 of the 13 oil blocks operated by Renaissance, with average daily flaring at OML 32 reportedly increasing more than twentyfold compared to the previous year.
Experts express concern that multinational companies may evade accountability for environmental damage by transferring assets to smaller operators while maintaining trading relationships. Shell also retains a significant presence in Nigeria's energy sector through offshore projects and a stake in the Nigeria LNG venture.
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