Following Shell's divesture of its domestic retail business to Octopus Energy, around 1,800 individuals are set to depart from the company. In October 2023, Shell disclosed that 200 positions from its low carbon solutions unit would be eliminated, accounting for around 15% of the division, with an additional 130 roles under consideration. Earlier this week, Shell reached an agreement for the sale of Shell Petroleum Development Company of Nigeria (SPDC) in a transaction valued at $2.4bn (£1.89bn). SPDC is being acquired by Renaissance, a consortium comprising five companies: ND Western, Aradel Energy, First E&P, Waltersmith and Petrolin. This article was first published by MEED's sister site Offshore Technology