Nigeria blocks Shell's asset sale in Niger Delta
Nigeria approves Exxon-Seplat deal, blocks Shell sale
Nigeria's regulatory authorities have approved the sale of ExxonMobil's assets to Seplat Energy while halting Shell's planned divestment of its onshore and shallow-water operations, reported Reuters.
Nigeria blocks Shell's asset sale in the Niger Delta
Nigeria has blocked the sale of Shell's entire onshore and shallow-water oil and gas assets in the Niger Delta, the country's upstream regulator said on Monday, roughly 10 months after the deal was announced.
Nigeria Fails to Approve Shell Asset Sale to Renaissance
ABUJA (Reuters) - Nigeria has failed to approve the sale of Shell's entire onshore and shallow-water oil and gas in the Niger Delta region to Renaissance, the country's upstream regulator said on Monday.
FG approves ExxonMobil-Seplat divestment, declines Shell-Renaissance deal
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has approved the divestment of four international oil companies (IOCs).
Nigeria approves Exxon Oil asset sale, rejects Shell deal
Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to domestic energy supplier Seplat Energy Plc, but rejected a similar deal by Shell Plc.
Nigeria Halts Shell's $2.4 Billion Asset Sale to Renaissance
The Nigerian government has refused approval for Shell's sale of its onshore and shallow-water oil and gas assets in the Niger Delta to Renaissance for $2.4 billion. This decision was announced by the CEO of the Nigerian Upstream Petroleum Regulatory Commission during an event in Abuja.
Nigeria halts Shell asset sale, approves Exxon-Seplat deal
Nigeria has blocked Shell's sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, the country's upstream oil regulator said on Monday. Shell's asset sale for up to $2.
Nigeria rejects Shell’s planned sale of $1.3bn onshore production unit
Nigeria has rejected Shell’s proposed $1.3bn sale of its onshore oil production unit, dealing a blow to the oil major’s plans to exit the troubled shallow water sector in the Niger Delta region. Gbenga Komolafe,
Nigeria Blocks Sale of Shell's Oil Assets in Niger Delta
Nigeria's upstream regulator has halted the sale of Shell's onshore and shallow-water oil and gas assets in the Niger Delta. The $2.4 billion deal with the Renaissance consortium was blocked due to failing regulatory assessments,
Nigeria rejects Shell asset sale; no impact to operations from Singapore oil leak
Nigeria has declined to approve the sale of Shell's (NYSE:SHEL) onshore and shallow-water oil and gas in the Niger Delta region to a consortium of local companies, the country's upstream regulator said Monday.
Shell's Onshore Oil Field Sale Worth $1.3B in Nigeria Suffers Setback
Shell plc’sSHEL deal to sell its onshore Nigerian subsidiary, Shell Petroleum Development Company Ltd ("SPDC"), for $1.3 billion has suffered a setback, with the Nigerian Upstream Petroleum Regulatory Commission ("NUPRC") stating that the future buyer lacked the required qualifications to manage the assets.
Premium Times9h
Nigerian govt rejects Shell’s plan to sell Nigeria onshore oil business
The Nigerian government has rejected Shell plan to sell its Nigeria onshore oil business to Renaissance Africa Energy Company ...
Reuters6d
Nigeria rejects Shell's $1.3 billion oil asset sale, report says
ABUJA, Oct 16 (Reuters) - Nigeria's oil regulator has rejected Shell's (SHEL.L), opens new tab proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not ...
AllAfrica.com5h
Nigeria: Tinubu Launches Bid to Raise Oil Output By 1m Bpd in 12 Months
In a renewed bid to grow Nigeria's crude oil output significantly in the next 12 months, President Bola Tinubu yesterday launched the '1MMBOPD' Initiative meant to raise production by 1 million ...
The Africa Report4d
Aradel listing creates Nigeria’s most valuable oil company amid Shell asset purchase
Co-founder and managing director Layi Fatona see the listing as a crucial step in the maturing of Nigeria’s indigenous oil ...