… As Upstream Regulator’s CEO rejects assent …Ministerial assent completes transfer deal — Official By Uthman Salami The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Engr Gbenga Komolafe has disagreed with President, Muhammadu Buhari over the approval of acquisition of…
By Uthman Salami The President, Muhammadu Buhari has consented to the acquisition of the shares of Exxon Mobil Nigerian unit by Seplat Energy Limited. The Special Adviser to the President on Media and Publicity, Femi Adesina, in a statement, said…
ExxonMobil has warned that people will be made to “pay a high price” in this rush to renewables without providing the energy the society currently needs, Exxon’s chief executive Darren Woods told CNBC’s David Faber in an interview. Exxon joins…
The founder of Dangote Group, Aliko Dangote, has urged the government to ensure a single-digit tax regime in the oil industry, in order to lure investment into Nigeria’s downstream sector, which has been losing foreign investors. Dangote is canvassing for…
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.…
Seplat Energy Plc has clarified that its Sale and Purchase Agreement (SPA) with ExxonMobil has not been terminated. The clarification from the indigenous oil company follows some newspaper and social media reports that the Nigerian National Petroleum Company Ltd. (NNPC)…
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…
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 National Industrial Court of Nigeria sitting in Lagos today reaffirmed its earlier ruling that Exxon Mobil Corporation must subject itself to Nigerian law while operating in the country. Delivering judgment in a legal objection seeking to stop trial in…
The oil giant ExxonMobil is getting serious with its target to achieving net-zero greenhouse gas emissions for its operated assets by 2050. The oil firm was responding to rising oil prices which rose to seven-year high on Tuesday amid ongoing…
