YouTube Screenshots Nigeria has agreed to allow US oil giant Exxon to complete a $1.28 billion sale of some of its onshore assets in the country. But the regulator has declined to approve a similar move by Shell to sell onshore and shallow water assets as part of a $2.

Oil majors like Shell have been gradually retreating from Nigeria's onshore operations, which have been plagued by theft and sabotage. Companies are instead opting to invest in of

Nigeria approves XOM's $1.28 billion sale of onshore assets to Seplat Energy, ending over two years of regulatory delays and marking a shift toward offshore investments.

The FG has endorsed ExxonMobil's divestment to Seplat Energy while rejecting Shell's proposed deal with Renaissance Africa Energy.

The Nigerian government has refused approval for Shell's sale of its onshore and shallow-water oil and gas assets in the Niger Delta to Renaissance for $2.4 billion. This decision was announced by the CEO of the Nigerian Upstream Petroleum Regulatory Commission during an event in Abuja.

Nigeria has blocked the sale of Shell's entire onshore and shallow-water oil and gas assets in the Niger Delta, the country's upstream regulator said on Monday, roughly 10 months after the deal was announced.

ABUJA (Reuters) - Nigeria has failed to approve the sale of Shell's entire onshore and shallow-water oil and gas in the Niger Delta region to Renaissance, the country's upstream regulator said on Monday.