By Olawale Afolabi Seplat Energy has announced the completion of its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. In a statement released on Thursday, the company described the deal as transformative, highlighting its potential to more than double…
The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has addressed concerns about the potential exit of international oil companies (IOCs) such as Shell, ExxonMobil, and Eni, following ongoing divestment deals. Speaking on the sidelines of the African Energy Week in…
Vice President Kashim Shettima has welcomed ExxonMobil’s proposed $10bn investment in Nigeria’s deep-water oil operations, describing it as a testament to the administration’s economic reforms and investment-friendly policies. This came as the international maritime giant, DP World, announced plans to…
Vice-President Kashim Shettima has welcomed ExxonMobil’s proposed 10 billion dollars investment in Nigeria’s deep-water oil operations. This is contained in a statement issued by the spokesperson of the Vice-President, Mr Stanley Nkwocha, on Thursday. Shettima made the remark during a…
The Regional Communication Manager, ExxonMobil, Mr Ogechukwu Udeagha has said that there is no oil spill from its facility in Akwa Ibom. Udeagha said in a statement in Eket on Tuesday that no official report had identified the company’s facility…
On Monday, youths from Ibeno Local Government Area in Akwa Ibom State barricaded the gates of ExxonMobil in protest of a new oil spill that has contaminated local water bodies. The protest, which began on Friday, continued with drumming, dancing,…
The Nigerian National Petroleum Company (NNPC) Limited has disclosed that a settlement agreement has been signed for the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc. According to a statement on Thursday by the…
President Bola Tinubu, on Tuesday in Abuja, said the three Executive Orders on oil and gas reforms, which he signed, will ensure that no oil company faces undue challenges in the country. The President made the affirmation during a meeting…
Multinational oil and gas corporation, ExxonMobil says it plans to increase cash flow by $14 billion/ from 2023 to 2027. The company stated this in a corporate plan update released on Wednesday, December 6./ This growth will be facilitated by…
ExxonMobil has announced Mr Shane Harris as new Chairman and Managing Director in the country. The Manager, Media and Communications of ExxonMobil, Mr Ogechukwu Udeagha, announce this in a statement made available to journalists in Eket on Monday. He said…
