Monday, 23rd May 2022
Breaking News:


29 Mar
Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), on Monday, commended the government and people of Akwa Ibom state over its historic lawsuit against ExxonMobil Producing Unlimited to stop the multinational...
8 Mar
Contrary to claims that the Nigerian National Petroleum Company Limited (NNPC) has exercised a right of pre-emption under the NNPC/Mobil Producing Nigeria Unlimited (MPNU) Joint Operating Agreement
4 Mar
Given the current energy transition and need to plug oil theft, business intelligence provider, Wood Mackenzie (WoodMac), has said the deal between ExxonMobil and Seplat Energy Plc will aid the latter’s diversification...
27 Feb
Seplat Energy Plc, has unveiled its plans to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation Delaware (USA Incorporated).
26 Feb
Nigerian independent oil and gas company, Seplat, is set to acquire the shallow-water affiliate of ExxonMobil, Mobil Producing Nigeria Unlimited.
16 Feb
ExxonMobil, Chevron, BP, Shell, and TotalEnergies have hit their biggest free cash flow in the last 14 years as the super majors posted combined earnings of $37 billion in three months.
10 Dec
The Federal Government has said that it will carefully scrutinise oil companies bidding for the takeover of assets that Shell and other oil majors are divesting in the country.
7 Dec
International Oil Companies in the first nine months of this year, earned about $174 billion despite the volatility in the sector and the impact of the Covid-19 pandemic.
1 Dec
With the Federal Government able to retain about $8 billion of the $20.4 billion spent on some projects by oil firms between 2016 and 2021 through local content development
30 Nov
Nigerian oil and gas company Seplat Energy has revealed it is actively engaged in negotiations to acquire ExxonMobil’s shallow water assets in Nigeria.
29 Jun 2021
The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has urged ExxonMobil Producing Nigeria Unlimited to comply with the Federal High Court judgment, which ordered it to pay communities in Ibeno Council....
5 May 2021
Optimistic expectations about demand from OPEC+ and rebalancing fuel inventories in the United States have aided the steady rise in oil prices, as well as recovery of many oil majors to profitability in the first quarter.


17 mins ago
The Nigerian government on Monday said it has shortlisted about 8,800 students for scholarship opportunities abroad. The shortlisted students were from among 26,000 that applied for its overseas scholarship programme backed by Petroleum Technology Development Fund (PTDF). The annual PTDF scholarship has been ongoing since 2000, giving sponsorship placements for Nigerians acquiring masters and Ph.Ds.…
19 mins ago
Former Nigeria's minister of state for education and a presidential aspirant, Dr Chukwuemeka Nwajiuba, Monday said he supported the decision by the ruling All Progressives Congress to attach the controversial letter of withdrawal to the Expression of Interest and Nomination forms sold to aspirants. The withdrawal letter addressed to the National Chairman of the party,…
25 mins ago
Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), on Monday, withdrew the suit he filed against the Independent National Electoral Commission (INEC) and the Attorney-General of the Federation over his presidential ambition. Emefiele, through his counsel, S.T. Maliki, told Justice Ahmed Mohammed that a notice of discontinuance had been filed and served on the…
33 mins ago
Racism remains part of "everyday life" in South Africa, President Cyril Ramaphosa said Monday, after a scandal erupted over a viral video showing the humiliation of black students.
40 mins ago
The National Association of Nigerian Students (NANS) Zone D, on Monday, threatened to shut down major airports if the face-off between the Academic Staff Union of Universities (ASUU) and the Federal Government continued.