FG Halts Shell Asset Sale, Okays Exxon-Seplat Deal

The Federal Government has blocked Shell’s sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Monday. Shell’s asset sale for up to $2.4 billion to Renaissance consortium, comprising five companies, was first announced in January. Exxon’s deal with […]