Nigerian oil tycoon Tein George's Vaaris agrees to buy Shell's Nigeria gas business
Shell has agreed to sell its Nigerian gas distribution business to Vaaris, chaired by Tein George, the oil services tycoon behind Lagos's The George hotel.
Shell
Gabon’s Samuel Dossou-Aworet, Nigeria’s Abdulrazaq Isa, and Adegbite Falade lead $2.4 billion Shell asset takeover
This acquisition aligns with Shell’s strategy to exit Nigeria’s onshore oil sector, where security risks, environmental concerns, and community unrest have posed persistent challenges.
Shell alleges Nigerian billionaire Benedict Peters’ Aiteo owes $2.6 billion in oil loans
In the face of the recent lawsuit, Peters is scheduled to hold a crucial meeting with officials from the Zimbabwean government.
Nigerian tycoon Benedict Peters’ firm fails to overturn Shell arbitration award
Aiteo is an integrated energy company.
Shell claims Nigerian billionaire Benedict Peters’ Aiteo owes $1.7 billion in oil loans
Founded by Peters in 2013, Aiteo is one of Nigeria’s largest indigenous oil exploration companies.
Nigerian businessman Tony Elumelu’s oil firm submits offer to acquire Shell’s JV assets in Nigeria
With the recent bid, the Elumelu-backed oil firm is set to compete with key players in Nigeria’s oil and gas industry.
Nigerian billionaire Benedict Peters’ Aiteo Group sues Shell over sale of OML-29 operating license
Aiteo Group has sued Shell for more than $2.5 billion over the ownership status of the OML-29 block.