Tag: Exxon Mobil

“This potential investment by ExxonMobil aligns perfectly with the President Bola Tinubu administration’s vision for a more investment-friendly Nigeria,” Mr ...

Mr Tinubu arrived at the JF Kennedy International Airport in New York at about 6:45 p.m. local time on Sunday.

Seplat’s revenue, 84.3 per cent of which came from crude oil sales, grew by over a half to N293.6 billion.

The deal will boost Seplat’s production to 146,000 barrels of oil equivalent a day from 51,000.

The multinational holds 40 per cent in the partnership through MPNU and NNPC the remainder.

Shell’s declaration came days after rival energy giants – Exxon Mobil and BP – announced similarly underwhelming results.

The oil majors and other players in the industry expressed disatisfaction with some provisions of the Petroleum Industry Bill, 2020.

The 21 PENGASSAN members were arrested by the police in Rivers State on April 16.

The sale process is part of Total’s plan to sell $5 billion of assets around the world by 2020.

“NNPC is very pleased with the decision, and was always confident that there was no basis for a U.S. court ...

Shell and Exxon Mobil had a joint venture there prior to the toppling of Dictator Mohamed Siad Barre in the ...

Reuters news agency reported Thursday that the move could deter investment in Africa's largest economy.

It is expected that the litigation would pose a financial risk to the oil major, just as it risks potential ...

The initiative last year created a $1 billion fund to develop technologies to reduce emissions of greenhouse gasses.

The latest industrial action was to protest the sack of 150 workers in December, of which 82 were PENGASSAN members.

Abba Mohammed says his company is still solvent.

NLNG asked the President’s intervention in reducing the number of multiple government agencies that make its business globally uncompetitive.

The Nigerian staff of Total panicked as they thought the organization was pulling out of the country.