¬†Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria’s state-owned oil company, after reaching new deepwater oil production sharing agreements. Two federal judges on Aug. 22 granted requests by Exxon Mobil Corp (XOM.N) , Royal Dutch Shell Plc , Chevron Corp (CVX.N) and Norway’s state-owned Equinor ASA (EQNR.OL) to put their lawsuits against Nigerian National Petroleum Co on hold so the agreements could take effect, likely by late October. The companies said they expect to terminate the litigation thereafter. NNPC renewed its agreements with the four companies and France’s TotalEnergies SE (TTEF.PA) on Aug. 12. Those agreements concerned five deepwater blocks that officials […]