Divestment

SBM Offshore will exit Equatorial Guinea after divesting its stake in FPSO Aseng to state-owned GEPetrol, marking a shift towards African energy sovereignty amid global transition pressures.

Union Investment, one of the largest asset management companies, has divested from ExxonMobil citing insufficient climate targets.

Once-fertile farmlands of the Niger Delta, that have supported families for decades, have turned barren due to oil pollution, say locals.

Shell’s decision to end nearly nine decades of operations in the Niger Delta has sparked concern over accountability for environmental damage in Nigeria.