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...
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
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...
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).
Nigerian independent oil and gas company, Seplat, is set to acquire the shallow-water affiliate of ExxonMobil, Mobil Producing Nigeria Unlimited.
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.
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.
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.
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
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.