Upstream reported last September that Shell was eyeing the divestment of its one-sixth interest in the NWS project, which could be worth more than US$3 billion, and Bloomberg on Wednesday named two potential buyers.

Shell is advancing its Dragon offshore gas project in Venezuela after new U.S. licenses permitted limited energy development under sanctions.

Justice Mohammed Umar of the Federal High Court, Abuja, on Monday ruled that he would avoid colliding with the outcome

Prices for liquefied natural gas have shot up in recent days, which could bring bigger profits for European and U.S. energy companies.