ExxonMobil, Seplat and Nigeria
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.
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,
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.”
ExxonMobil/Seplat divestment to get ministerial approval soon – Tinubu
President Bola Tinubu says the ExxonMobil and Seplat divestment transactions will get ministerial approval in a few days.
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.
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.
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 ...
Nairametrics5h
Nigeria undergoing necessary reforms and retooling under Me – Tinubu
President Bola Tinubu has assured Nigerians that the economy is undergoing necessary reforms and retooling for sustainability ...
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.com28m
Nigeria: Our Reforms Attracted Over $30 Billion in Foreign Direct Investments - Tinubu
"Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year," Mr Tinubu said.
Zawya3h
ExxonMobil accelerates African energy investments and frontier exploration
ExxonMobil is looking to expand this broad engagement in the African upstream at the forthcoming AOW: Investing In African ...
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, ...
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 ...
Nairametrics5d
ExxonMobil to invest $10 billion in Nigeria’s offshore oil operations — FG
The Federal Government said it welcomes oil major, ExxonMobil’s plan to invest $10 billion in Nigeria’s deep-water (offshore) ...
legit5d
After Coca-Cola, Oil Company Moves to Invest $10 Billion in Nigeria to Rival Dangote, Others
ExxonMobil has announced plans to invest about $10 billion in Nigeria's offshore sector to boost oil production and create ...