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Nigeria rejects Shell asset sale

Premium Times · 7h

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 Limited. The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),

The Financial Times · 20h

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,

Seeking Alpha · 22h

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.

Zacks.com on MSN · 1d

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 Newspaper6h

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 ...

Punchng on MSN11h

Minister, NUPRC differ over extra 1mbpd oil target

Heineken Lokpobiri, and the Nigerian Upstream Petroleum Regulatory Commission have expressed differing views regarding the ...

21h

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 ...

Lokpobiri to NUPRC: Increase Nigeria’s crude oil output to 2.5mbpd in short term

Heineken Lokpobiri, minister of state for petroleum resources (oil), says Nigeria can increase oil production to 2.5 million bpd in the short term.

Punchng on MSN12h

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 ...

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 ...

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 ...

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 ...

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 ...

Nairametrics19h

FG approves ExxonMobil’s $1.28 billion asset sale to Seplat after two-year delay

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

3h

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 ...

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