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JenneteUgo Anya
- December 10, 2024
Seplat Energy Closes $800m Purchase Of ExxonMobil’s Assets
Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, has announced the completion of its $800 million acquisition of ExxonMobil’s Nigerian subsidiary, Mobil Producing Nigeria Unlimited (MPNU). The deal, initially valued at $1.28 billion when first signed in February 2022, was finalised after regulatory approvals, marking […]
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- October 23, 2024
FG Endorses ExxonMobil-Seplat Divestment, Disapproves Shell-Renaissance Deal
The federal government has approved the divestment of ExxonMobil’s Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy, while rejecting Shell’s proposed sale of assets to Renaissance Africa Energy. These decisions were revealed during the recent launch of the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) ‘Project 1 million barrels of oil per day (MMBPD)’ initiative. Mr. […]
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