Nigeria, ExxonMobil and Seplat
ExxonMobil's $1.28 Billion Nigeria Deal With Seplat Nears Approval
Nigeria is set to approve XOM's $1.28B sale of its onshore assets to Seplat Energy, a move signaling the country's push for more foreign investments in the oil sector.
Exxon-Seplat $1.28 billion deal approval imminent, Nigeria president says
Exxon Mobil Corp's deal to sell its Nigerian onshore assets to Seplat Energy will be approved in days after getting clearance from the regulator, President Bola Tinubu said on Tuesday. The $1.28 billion deal has been closely watched since it was first announced in 2022 with analysts saying it would also signal to investors that similar deals,
Nigeria Set to Approve Exxon’s $1.3-Billion Shallow Water Asset Sale
Nigeria's president has announced imminent approval for Seplat's $1.3 billion acquisition of ExxonMobil's shallow water assets, while Exxon plans to reinvest in Nigeria's deepwater oil exploration.
ExxonMobil's $1.28B Nigerian Asset Sale Deal Nears Completion
Exxon Mobil's asset sale deal with Seplat Energy in Nigeria could be approved in a few days, reaffirmed by Nigeria's President.
ExxonMobil-Seplat deal will receive ministerial approval soon, says Tinubu
“As such, the ExxonMobil-Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA. This was done in the same manner as other qualified divestments approved in the sector.”
Nigeria Set to Approve Exxon Sale of Oil, Gas Assets to Seplat
Nigeria is set to approve Exxon Mobil Corp.’s sale of its oil and gas assets to domestic energy supplier Seplat Energy Plc, President Bola Tinubu said.
Nigeria set to approve $1.3B Exxon asset sale to Seplat, president says
Exxon Mobil's deal to sell Nigerian assets to Seplat Energy set to be approved, potentially boosting oil and gas production in the region.
ExxonMobil plans US$10 billion investment in Nigeria's offshore oil operations
The company also plans to invest around US$2.5 billion/y to enhance oil production by 50 000 bpd over the next few years.
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Nigeria at 64: Tinubu-Led Administration Attracts Over $30 Billion in Foreign Direct Investment
Because of Bola Tinubu's administration's significant changes, Nigeria has garnered over $30 billion in foreign direct ...
Vanguard1d
ExxonMobil to invest $10bn in Nigeria’s deep offshore
Chairman and Managing Director of ExxonMobil Affiliates in Nigeria, Shane Harris, said ExxonMobil has concluded plans to ...
Why ExxonMobil, Conoco Phillips, and Lockheed Martin Rallied on a Down Day for the Markets
Shares of oil and gas majors ExxonMobil ( XOM 2.22%) and Conoco Phillips ( COP 3.44%), as well as defense contractor Lockheed Martin ( LMT 2.73%), rallied on Tuesday, up 2.8%, 4.2%, and 3.5%, ...
africabusinesscommunities.com4h
ExxonMobil accelerates African energy investments and frontier exploration
Also in the Southern Africa region, Exxon Mobil has emerged as an exploration leader in the Namibe basin, offshore Angola, ...
ExxonMobil plans $10bn investment in Nigeria’s offshore oil operations
The company also plans to invest around $2.5bn annually to enhance oil production by 50,000 barrels per day (bpd) over the ...
AllAfrica.com4d
Nigeria: Exxonmobil Unveils $10bn Deepwater Investment Plan in Nigeria, Shettima Ecstatic
Vice President Kashim Shettima has welcomed ExxonMobil's proposed $10 billion investment in Nigeria's deep-water oil ...
Punchng on MSN4d
ExxonMobil to invest $10bn in Nigeria’s oil sector
Vice President Kashim Shettima has welcomed ExxonMobil’s proposed $10bn investment in Nigeria’s deep-water oil operations, ...
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ExxonMobil Expands Energy Initiatives in Africa, Strengthening Continental Energy Security
In Southern Africa, ExxonMobil is leading exploration efforts in the Namibe basin, offshore Angola, where results from a newly drilled wildcat well could shape the region’s energy future.