Seplat Energy Plc, a leading Nigerian energy company, says it had entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) from ExxonMobil Corporation, Delaware, U.S. Seplat Energy made the announcement in a statement…
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government is deepening effort to spur oil production to take advantage of global crude oil price. Sylva said this in Abuja while briefing newsmen on the forthcoming…
Sale supports company’s disciplined investment strategy, Nigeria’s efforts to enhance industry participation Includes shallow-water affiliate; ExxonMobil to retain deepwater assets Transaction to close later this year pending regulatory approvals IRVING, Texas – ExxonMobil has reached an agreement to sell its…
The Federal Government says outcomes from the past edition of the Nigerian International Energy Summit (NIES) have been embraced and utilised by government, policy makers and oil and gas industry to effect development. Minister of State Petroleum Resources, Chief Timipre…
As the drumbeats of financial recklessness continue to take ugly face of revelations with misappropriation of funds, the records have largely remained fishy and cloudy across affected Ministries, Departments and Agencies (MDAs). The need to probe into identified gaps revealing…
By Seun Ibiyemi The Maritime Workers Union of Nigeria (MWUN) appears to shelve its planned shutdown of operations at all ports and oil terminals in the country, scheduled to start from March 1. This indication followed a peace meeting hosted…
By Ogaga Ariemu The Executive Vice Chairman (EVC) of Nigerian Communications Commission, (NCC), Prof. Umar Danbatta, has said the Commission is collobrating with stakeholders to ensure the deployment of Revenue Assurance Solution(RAS) in Nigeria, designed to reduce linkages and boost…
The Infrastructure Concession Regulatory Commission (ICRC) says Air Nigeria will begin to convey Nigerians before the end of President Muhammad Buhari’s administration. Acting Director-General (I-G) of the Commission, Mr. Michael Ohiani journalists in Abuja on Sunday, that the ICRC was…
…OPEC Sec. Gen. attendance confirmed The Honourable Minister of Energy, Kingdom of Saudi Arabia, Abdulaziz bin Salman Al Saud, through his representative, Dr Nasser AlDossary, along with some of his African colleagues, Hon. Tom Alweendo, Minister of Mines and Energy,…
The National Drug Law Enforcement Agency (NDLEA) has arrested a major drug kingpin and Six other suspects, recovering 5,862 kilograms of assorted illicit drugs including Loud and Codeine in Lagos. This is contained in a statement by the Director, Media…
