Shell announces major Nigerian oil investment while seeking exits in Argentina and Syria

Shell is making a major $20 billion investment in the Bonga South West oil project off the coast of Nigeria, a move that has received support from the Nigerian president. At the same time, the company is looking to sell its stakes in oil and gas projects in other parts of the world.

According to sources, Shell is considering leaving the Vaca Muerta shale play in Argentina. A Syrian official also said Shell has requested to withdraw from the al-Omar oilfield in Syria, though the official noted that U.S. firms have shown interest in the asset.