Fri Mar 27, 2015/Reuters Shareholders on Friday voted to approve the mergers of rival oilfield services firms Baker Hughes Inc and Halliburton, bringing the proposed deal that still lacks regulatory approvals a step closer to finalisation. Halliburton shareholders approved the issuance of shares needed to complete the transaction valued at […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Shell Petroleum Development Company said on Wednesday it has concluded the sale of 30 percent stake in the Nigerian oil block 29 and the Nembe Creek trunk line to Aiteo Eastern Exploration and Production Co in a deal worth $1.7 billion, according to a […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Tony Elumelu Foundation Entrepreneurship Programme (TEEP)  on Monday announced a list of African entrepreneurs selected from all corners of Africa as 1,000 members of the TEEP class of 2015. “After receiving over 20,000 applications from 52 countries across Africa, the application phase of […]