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Nigeria rejects Shell asset sale
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),
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 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.
LEADERSHIP Newspaper
3h
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 ...
29m
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 ...
Punchng on MSN
8h
Minister, NUPRC differ over extra 1mbpd oil target
Heineken Lokpobiri, and the Nigerian Upstream Petroleum Regulatory Commission have expressed differing views regarding the ...
Okay Nigeria
1h
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 ...
Arise
13h
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 ...
Punchng on MSN
9h
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 ...
The Punch Newspapers
20h
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
13h
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 ...
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 ...
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