FG to approve Seplat’s acquisition of $1.3 billion ExxonMobil assets

FG to approve Seplat’s acquisition of $1.3 billion ExxonMobil assets

Seplat Energy Plc, a leading Nigerian independent energy firm registered on the Nigerian Exchange Limited and the London Stock Exchange, has said that the federal government will approve the acquisition of $1.3 billion ExxonMobil’s shallow-water assets. The FG had previously stated that it was not opposed to the purchase, but that proper procedures needed be […]

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 ExxonMobil To Buy Denbury For $4.9 Bn To Expand Low-Carbon Business

ExxonMobil To Buy Denbury For $4.9 Bn To Expand Low-Carbon Business

ExxonMobil on Thursday July 13, said it will acquire Denbury Inc., a specialist in enhanced oil recovery and carbon sequestration, for $4.9 billion as it builds out its low-carbon business, the oil giant.The all-stock acquisition provides ExxonMobil with Denbury’s carbon dioxide pipeline network in industrial-rich regions of the southern states of Texas, Louisiana and Mississippi, […]

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