ExxonMobil
1 Nov
ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business, but the results were strong enough to enable nearly $10 billion in shareholder distributions. The big US oil company, which saw upstream oil production rise following its acquisition of Pioneer Natural Resources, pointed to the benefits of $11.3 billion in…
26 Sep
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 high-level meeting with ExxonMobil executives. The News Agency of Nigeria (NAN) reports that the meeting…
20 Aug
Mr Ogechukwu Udeagha, the Regional Communication Manager, ExxonMobil, says there is no oil spill from its facility in Akwa Ibom. READ ALSO:ExxonMobil profits up after pioneer deal, Chevron earnings dip Udeagha said in a statement in Eket on Tuesday that no official report had identified the company’s facility as a potential source of any…
2 Aug
US oil and gas giant ExxonMobil reported higher profits on Friday as it pointed to the benefits of its acquisition of Pioneer Natural Resources, while earnings at rival Chevron dipped on lower refining results. ExxonMobil rode the contribution from Pioneer, a big player in the Permian Basin in Texas and New Mexico, to record oil…
30 May
ExxonMobil has begun moves to scale down its operation in Nigeria, relocating to a smaller office space in Lagos. According to Reuters, the oil giant will not be renewing a 33-year-old lease on its expansive offices in Lagos's upscale Lekki district, which expires on Friday. Quoting three sources familiar with the matter, Reuters said the…
14 May
The multi-billion naira 21-storey smart building constructed by the Akwa State government is yet to be occupied by tenants four years after its inauguration. The intelligent building, initiated by Udom Emmanuel's administration...
28 Apr
The Nigeria oil and gas sector is gradually climbing out of the doldrums that has frankly lasted too long.
27 Mar
An ecological and fiscal advocacy group, Policy Alert, has condemned the guidelines provided by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) on asset divestment in the oil and gas industry
29 Feb
ExxonMobil rallied to a vital 1-0 victory over ARADEL in the ongoing preliminaries of the football event of the 19th Nigeria Oil and Gas Industry Games at the Shell Residential Area pitch, Port Harcourt, Rivers State.
1 Feb
The Federal Government, yesterday, insisted that there is a need to bring on stream the controversial Oil Prospecting Licence (OPL) 245, adding that the 28 years of legal battle over the lucrative asset must end.
17 Jan
Fresh crises are brewing over Shell’s planned exit from the onshore segment of Nigeria’s oil and gas industry while Nigerian firms scout $4.5 billion to buy out the assets of the company and those of ExxonMobil and Nigerian Agip Oil Company Limited (NAOC).
2 Jan
Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday, said the oil and condensates production target of 2.6 million barrels per day (bpd) by 2026, is an ambitious jump from 2023 levels of around 1.6 million bpd.
Latest
30 mins ago
Music lawyers gathered at the Cathedral Church of St. Jude, Ebute-Metta, to unveil David Olusoga Fayemi's commemorative booklet on lawyers in music, which was the climax of the activities marking the 90th choir festival of the oldest church choir on Mainland, Lagos.
1 day ago
The Federal Government has reaffirmed its commitment to creating an inclusive extractive industry anchored on the principles of transparency, regional partnerships, and local capacity building. Vice-President Kashim Shettima stated this during the inaugural International Exhibition of Extractive and Energy Resources (Salon International des Ressources Extractives et Energétiques – SIREXE) in Abidjan, Côte d’Ivoire. The federal…
1 day ago
The Coalition of Civil Society Organizations (CSOs) in Katsina State has expressed concern over proposed 2025 budget for the health sector, saying it is inadequate. The Chairman of the coalition, Alhaji Abdulrahman Abdullahi, expressed the coalition’s worry in an interview with the News Agency of Nigeria (NAN) on Wednesday in Katsina. READ ALSO:Anambra police nab…
1 day ago
The Anambra State Police Command has successfully rescued two kidnapped young women and apprehended four suspects involved in the crime. According to a press statement released by the state police spokesperson, SP Tochukwu Ikenga, the operation was conducted by officers from the Oba Police Divisional Headquarters in Idemili South Local Government Area. The statement revealed…
1 day ago
Justice James Omotosho of the Federal High Court in Abuja has struck down Section 2 (10) (b) of the National Broadcasting Code, 6th Edition, which required broadcasters to pay 2.5% of their "Gross Annual Income" as an Annual Operating Levy. The ruling followed a suit filed by MultiChoice Nigeria Ltd and Details Nigeria Limited (GO…
1 day ago
The Niger State Executive Council has proposed an estimate of a N1.20 trillion budget for the 2025 fiscal year for approval. The commissioner, in his analysis, also stated that even though the 2024 approved budget was supplemented with the sum of N191.98bn, the breakdown of the draft 2025 proposals revealed an increase of 1.18% in…
1 day ago
A group, the Voice of African Universities (VAU), has labelled a petition submitted to Nigeria's Minister of Education, Dr. Maruf Olatunji Alausa, alleging a breach of extant guidelines in the appointment of Professor Aisha Sani Maikudi as the Acting Vice-Chancellor of the University of Abuja (UniAbuja), as baseless and archaic. The group, in a press…
1 day ago
Mr Sule Abdulaziz, Managing Director of Transmission Company of Nigeria (TCN), says the Federal Government has spent about N8.8 billion to repair vandalised transmission towers across the country. This is contained in a statement in Abuja on Wednesday by Mr Bolaji Tunji, Special Adviser on Strategic Communication and Media Relations to the Minister of Power.…
1 day ago
A bill which seeks to create the Federal Capital Territory Satellite Towns Development Commission has passed its second reading on the floor of the Senate. The piece of legislation is sponsored by Senator Aliyu Wadada, representing Nasarawa West on the platform of the Social Democratic Party. In his lead debate, the senator told his colleagues…
1 day ago
The Federal Government has introduced a new strategy focused on promoting Science, Technology, Engineering, and Mathematics (STEM), enhancing Technical and Vocational Education and Training (TVET), and raising the overall standard of education. The Minister of Education, Dr. Tunji Alausa, stated this in Abuja on Wednesday while declaring open the stakeholders’ consultative dialogue on the Education…