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.

Chevron Nigeria has reported a new oil discovery in the Niger Delta, with a production potential of up to 17,000

Nigeria's upstream regulator has halted the sale of Shell's onshore and shallow-water oil and gas assets in the Niger Delta. The $2.4 billion deal with the Renaissance consortium was blocked due to failing regulatory assessments,

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. A presentation by Nigerian Upstream Petroleum Regulatory Commission (NUPRC) CEO Gbenga Komolafe at an event in the capital Abuja showed "consent declined,

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