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Nigeria rejects Shell asset sale
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.
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,
Nigerian Govt Rejects Shell's Plan to Sell Nigeria Onshore Oil Business
In January, the Nigerian unit of London-based oil supermajor Shell Plc struck a deal with a consortium of five companies, setting the scene for the latter to acquire its onshore business in the country. The deal was sealed after years-long setbacks met by the company in its efforts to cede ownership of the assets.
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.
LEADERSHIP Newspaper
2h
Tinubu Urges Stakeholders Partnership As NUPRC Launches 1mbopd Project
President Bola Tinubu has urged industry stakeholders to partner with the Nigerian Upstream Petroleum Regulatory Commission ...
Okay Nigeria
28m
Seplat Energy Receives Approval to Acquire Mobil Producing Nigeria Unlimited
Leading Nigerian energy company Seplat Energy Plc has announced that it has received official approval from the Nigerian ...
Punchng on MSN
8h
Four IOCs get FG nod to sell assets
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission, says it has approved four out of five ...
18h
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 ...
LEADERSHIP Newspaper
2h
As $1.3bn ExxonMobil-Seplat, 3 Other Divestments Get Approvals
The federal government has announced the approval of ExxonMobil's $1.28 billion divestment of its oil and gas assets to ...
Punchng on MSN
7h
Minister, NUPRC differ over extra 1mbpd oil target
Heineken Lokpobiri, and the Nigerian Upstream Petroleum Regulatory Commission have expressed differing views regarding the ...
Arise
12h
Nigerian Government Endorses ExxonMobil-Seplat Divestment, Disapproves Shell-Renaissance Deal
The FG has endorsed ExxonMobil's divestment to Seplat Energy while rejecting Shell's proposed deal with Renaissance Africa ...
The Punch Newspapers
19h
FG plans additional 1mbpd oil production in 24 months
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has announced plans to significantly ...
TheCable
12h
Tinubu seeks industry collaboration to achieve 1mbpd crude oil production
President Bola Tinubu has called on industry stakeholders to collaborate with NUPRC to achieve the one million barrels of oil ...
devdiscourse
20h
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 ...
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