• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Oil Workers Reject Shell’s $2.4bn Assets Sale, Declare Strike Notice

by Adegwu John
2 years ago
in Business
Oil
Share on WhatsAppShare on FacebookShare on XTelegram

Oil and gas sector workers have rejected the planned sale of Shell onshore assets, claiming the group being speculated to buy up the assets is unknown to it.

Advertisement

Speaking under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), the workers said the purported group is an assemblage of unknown entities with no proven track record of managing such diverse assets.

The association said it has consequently put its members nationwide on strike notice over the matter.

PENGASSAN’s general secretary, Lumumba Okugbawa, in a statement titled “Position of on the planned sale of Shell Onshore Assets”, alleged that “one of the companies that made up the assemblage has a history of subjugating workers and subjecting them to untold hardship, as exemplified in the current management of OML 34.”

The statement reads, “The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) attention has been brought to the press release announcing the intended sale of Shell Petroleum Development Company Limited (SPDC) onshore assets to the Renaissance group.

RELATED

Equities Market Extends Rebound With N204bn Gain

Equities Market Extends Rebound With N204bn Gain

14 hours ago
Flight Cancellation: NCAA Launches Complaints Automation Portal

NCAA Launches First SERVICOM Integrated Service Charter

14 hours ago
ADVERTISEMENT

“A group of consortiums consisting of ND Western Limited, Aradel Holdings Pic. The Petrolin Group, FIRST Exploration and Petroleum Development Company Limited and the Waltersmith Group.

“Our Shell/SNBO Branch of PENGASSAN has further communicated all subsequent information presented to our members by Shell Management on the planned sale.

“Having appraised the situation, reviewed the presentation and carried out preliminary findings, we wish to state as follows: The group is unknown to us and thus it’s an assemblage of unknown entities with no proven track record in managing such diverse assets.

ADVERTISEMENT

“We reject without equivocation all the terms affecting employees that were communicated in the presentation to our members.

“One of the companies that made up the assemblage has a history of subjugating workers and subjecting them to untold hardship, as exemplified in the current management of OML 34.

“Another company in the group has a penchant for preventing workers from unionising and thus stiffening their condition of services.

“Any attempt to transfer the assets without resolving issues affecting our members will be met with the stiffest resistance the industry has ever witnessed.

“The group must come clean with its intention(s) and be ready to have serious engagement with the Association and not the jamboree that Shell Management is currently engaging in.

“We have communicated to our Shell/SNBO Branches not to be distracted but to focus on the CBA negotiation that is due about a week from now.

“The industry regulator, Joint Venture, JV, Asset partners (NNPC, Non-Operated Asset Partners) and other stakeholders are hereby put on notice.”


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10396Tweet6498Share
ADVERTISEMENT
Previous Post

Credible Elections: INEC Wants Attention On Candidates, Supporters

Next Post

Poor Power Generation Linked To Gas Supply Hiccup

Adegwu John

Adegwu John

You May Like

Equities Market Extends Rebound With N204bn Gain
Business

Equities Market Extends Rebound With N204bn Gain

2025/08/27
Flight Cancellation: NCAA Launches Complaints Automation Portal
Business

NCAA Launches First SERVICOM Integrated Service Charter

2025/08/27
State Of Emergency In Rivers: Way Forward
Business

Tinubu Bans Raw Shea Export For Six Months, Eyes $300m Revenue Boost

2025/08/27
Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu
Business

Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu

2025/08/27
Renaissance Energy Africa Reaffirms Commitment To Safety Operations
Business

Renaissance Energy Africa Reaffirms Commitment To Safety Operations

2025/08/27
Dangote Cement Records Impressive Topline Growth, Sustains Profitability
Business

Dangote Cement Urges Multi-sector Collaboration To Combat Youth Unemployment

2025/08/27
Leadership Conference advertisement

LATEST

African Defence Chiefs Forge United Front Against Terrorism, Cyber Threats

BBN S10: ‘That’s Me 100%,’ Gigi Jasmine Defends Frequent Teary Eyes

Tinubu Departs Brazil En Route Abuja

Tennis Scoring System

JUST-IN: Davido, Rema, Others Top As AFRIMA Releases 2025 Nominations List

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

BBNaija10: Dede, Kola Spark Intimacy Rumours After Late-night Moment

IGP Speaks On ‘Cattle Theft’ As Terrorism Financing At INTERPOL Conference

Reverse Abia’s New Tax Regime, It’s Stifling Businesses, Ikonne Tells Gov Otti

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.