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.

Nigeria has blocked Shell's sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil , the country's upstream oil regulator said on Monday.

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.

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.

Nigeria has approved the sale of Exxon Mobil Corp's onshore assets to Seplat Energy , the chief executive officer of the country's upstream regulator said on Monday, more than two years after the $1.28 billion deal was first agreed.

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 approved Exxon Mobil Corp.’s sale of its oil and gas assets to domestic energy supplier Seplat Energy Plc, ending a more than two-year hiatus that stalled the conclusion of the $1.3 billion transaction.

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.

Exxon Mobil Corporation XOM, the largest oil producer in the United States, has secured approval from Nigeria to sell its onshore oil and gas assets to Seplat Energy Plc, a domestic energy company. This decision ends a more than two-year delay in the $1.

Nigeria has approved Exxon Mobil Corp’s sale of its onshore assets to Seplat Energy, two years after the $1.28 billion deal was first announced. ・Nigeria approves Exxon Mobil's $1.28 billion onshore asset sale to Seplat Energy after a two-year wait.

Nigeria's government has approved the sale of Exxon Mobil's (NYSE:XOM) onshore assets to Seplat Energy, Reuters reported Monday, citing the head of the country's upstream regulator, more than two years after the $1.