Seplat Energy Plc has allayed fears of lay-off of workers as it completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation. This was...
The Federal Government has approved Seplat Energy’s purchase of Exxon Mobil’s onshore assets valued at $1.28b billion. The chief executive officer of the Nigerian Upstream Petroleum...
Indication has emerged that the $1.28bn divestment of ExxonMobil’s Nigerian assets to Seplat Energy is poised to receive ministerial approval within days. President Bola Tinubu announced...
Nigeria has secured a $10 billion investment from ExxonMobil in Nigeria’s deep-water oil operations. This development was announced by Stanley Nkwocha, senior special assistant to the...
Since 1958, multinational oil companies have been operating in Nigeria’s Niger Delta region with devastating environmental consequences for local communities. To advance their corporate interests, and...
ExxonMobil, on Monday, moved to quell concerns about its long-term commitment to Nigeria, following announcements of asset sales. The oil giant recently met with Nigeria’s Minister...
Oil and gas companies, Seplat Energy and ExxonMobil, have extended the Share Sale and Purchase Agreement (SSPA) for the acquisition of Mobil Producing Nigeria Unlimited (MPNU)....
It has been 12 months since Seplat Energy announced that it has entered into agreements with ExxonMobil to acquire the entire share capital of Mobil Producing...
Seplat Energy has informed its investors that the company is holding discussion with the authorities to avert the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from...
Seplat Energy has denied impropriety in the process of securing approval for the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from American multinational oil firm, ExxonMobil....
President Muhammadu Buhari has approved the acquisition of Mobil Producing Nigeria Unlimited (MPNU) by Seplat Energy Offshore Limited, an indigenous oil and gas company. ExxonMobil, the...
The former Treasurer and Vice President of the World Bank, Arunma Oteh, has resigned her position as a Non-Executive Director in oil and gas company, Seplat...
Foreign investors’ confidence in Seplat Energy Plc has dropped, as some exited their investment in the Nigerian oil company following a setback in the acquisition of...
The Nigerian National Petroleum Company (NNPC) Limited has secured an injunction from the Federal High Court in Abuja restraining the sale of shares of ExxonMobil’s Nigerian...
The Chief Executive Officer of ExxonMobil, Darren Woods, has called for an increment in Carbon price, to enable more investors come into the market, insinuating that...
TotalEnergies has joined the list of international oil corporations wanting to exit Nigeria’s troubled onshore oil fields, a decision that will further impact Nigeria’s dwindling oil...
The United States-based oil corporation, ExxonMobil, has concluded plans to mine Bitcoin in Nigeria. ExxonMobil’s NGL Industry Outlook Advisor, Eric Obrock, had proposed Bitcoin Proof-of-Work mining...
The Nigerian National Petroleum Company (NNPC) Limited on Monday confirmed that International oil companies are diversifying and leaving Nigeria. The NNPC’s Group Managing Director, Mele Kyari,...
Nigerian-owned oil companies have been the beneficiary of the wave of divestment by foreign players in the country’s oil market, buying up the assets to expand...
ExxonMobil has been accused of breaching Nigeria’s law on local content following a split in contract process which is said to favour foreign contractors against those...
A former publicity Secretary of the All Progressives Congress (APC) in Rivers State, Mr. Chris Finebone, has demanded more explanation from Governor Nyesom Wike on why...
Rivers State government on Sunday announced the unconstitutional release of the 22 staff of oil firm, ExxonMobil who were arrested for flouting the state’s lockdown order....
Rivers State Governor, Nyesom Wike, Friday confirmed the arrest of 22 workers of ExxonMobil who allegedly entered the state in contravention of the State Executive Order...
11 Plc, formerly Mobil Oil Nigeria Plc, has declared an after-tax profit of N8.856 billion for Full Year 2019, a 5.1% or N473.219 million drop from...
None of the International Oil Companies, IOCs, operating in Nigeria is exiting the country, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said....
The Nigerian National Petroleum Corporation (NNPC) has said it is seeking out new measures to expand existing operational portfolio with a view to increasing crude oil...
The operational headquarters of a major oil company in Nigeria, ExxonMobil, has been shut as a result of a standoff over industrial dispute between management and...
The American oil giant, ExxonMobil Oil Corporation has reached firm agreement to sell its majority equity stake of 60 per cent in Mobil Oil Nigeria Plc...
Niger Delta Avengers, on Monday, once again bombed another crude oil pipeline, this time, a pipeline operated by ExxonMobil. Spokesperson of the militant group, Brigadier General...
The current economic woes confronting Nigeria may worsen as the country is estimated to be losing about N2.79 billion daily following the closure of Qua Iboe...
