M&A

Oando

Nigerian Oando’s acquisition of Eni’s NAOC sparks concern

Oando’s $783 million acquisition of Nigeria Agip Oil Company (NAOC) marks a strategic leap in expanding its upstream operations and reinforcing its position in Nigeria’s oil sector, but experts have raised health and environmental concerns.

Nigeria

IOCs must follow due process to divest in Nigeria: regulator

At the Nigeria International Energy Summit, the country’s upstream regulator stressed the need for due process during IOCs’ divestment in Nigeria amid Shell’s sale.