By Uthman Salami The oil majors led by Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA, have commenced plans to withdraw $2.9 billion suits filed against the Nigerian National Petroleum Company Limited formerly Nigerian National Petroleum Corporation over a…
Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA has begun plan to withdraw multibillion-dollar lawsuits against Nigeria National Petroleum Company Limited after finalizing new terms for deep-water oil production in Africa’s largest crude producer, Bloomberg reports. In letters to…
By Uthman Salami One of the leading international oil companies, Chevron Nigeria Limited has made a commitment of $112 million into the Partnership Initiative In the Niger Delta as part of its efforts in combating deep rooted socio-economic challenges within…
Energy giant Chevron Corp. increased its share buyback guidance on Friday after posting its biggest quarterly earnings ever, built on strong fuel margins and high prices for natural gas and oil. Chevron’s move on potentially boosting share repurchases follows those…
The Dodo River Communities Rural Development Association, in Ekeremor Local Government Area (LGA) of Bayelsa, on Friday said it spent N98.34 million on community development projects in 2021. Mr Francis Amamogiran, Chairman of the Association, stated this at the 10th…
Exxon Mobil Corp. and Chevron Corp. are considering giving more cash to shareholders than they invest in oil and gas production this year even as political leaders call on the industry to increase output to help ease soaring consumer prices.…
The Federal Government has appealed to partners in the Nigeria Liquified Natural Gas (NLNG) project to allow transportation of third-party gas through its joint pipelines to increase gas supply to the plant. Chief Timipre Sylva, Minister of State Petroleum Resources,…
Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPC) and CNL (“NNPC/CNL JV”), and Star Deep Water Petroleum Limited (“STAR”), a Chevron company and operator of the Agbami field, have both been…
Chevron Corporation is hoping to explore new upstream oil fields while also deepening productions from producing assets as it announced announced a 2022 organic capital and exploratory spending program of $15 billion, at the low end of its $15 to $17 billion guidance range and up…
Some communities in the riverine area of Ondo State have protested against the alleged refusal of Chevron Corporation to be involved in the development of their host communities. Following the development, the communities which are Awoye, Molutehin, Gbadira, Jinrinwo, Ugbo,…
