Nigeria approves XOM's $1.28 billion sale of onshore assets to Seplat Energy, ending over two years of regulatory delays and marking a shift toward offshore investments.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has approved the divestment of four international oil companies (IOCs).

The federal government has announced the approval of  ExxonMobil's $1.28 billion divestment of its oil and gas assets to Seplat Energy, marking a significant

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.

ExxonMobil said it looks forward to concluding the sale of Mobil Producing Nigeria Unlimited shares for $1.28 billion to Seplat Energy Plc.

Nigeria has approved the sale of Exxon Mobil Corp's onshore assets to Seplat Energy, the chief executive officer of the country's upstream regulator said on Monday, more than two years after the $1.28 billion deal was first agreed.

The federal government has approved the sale of ExxonMobil’s onshore assets to Seplat Energy, more than two years after the

Nigeria's government has approved the sale of Exxon Mobil's (NYSE:XOM) onshore assets to Seplat Energy, Reuters reported Monday, citing the head of the country's upstream regulator, more than two years after the $1.28B deal was first agreed. The sale has ...

The FG has endorsed ExxonMobil's divestment to Seplat Energy while rejecting Shell's proposed deal with Renaissance Africa Energy.

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 approved Exxon Mobil Corp.’s sale of its oil and gas assets to domestic energy supplier Seplat Energy Plc, ending a more than two-year hiatus that stalled the conclusion of the $1.3 billion transaction.