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Sweet Crude

ExxonMobil boosts A-Ibom community projects with N13bn investment

ExxonMobil affiliate, Mobil Producing Nigeria Unlimited, MPN, operator of the Nigerian National Petroleum Corporation, NNPC/MPN Joint Venture, has announced plans to invest over N13 billion (about US$43 million) in three sectors mainly health, economic empowerment and education, in Akwa Ibom State in the next 18 months.

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Nigeria, other OPEC nations gasp for technology, investment in oil, gas

Despite innovations, there are indications that oil and gas would continue to dominate the global energy mix, at least in short and medium term. Consequently, many nations, including African countries have resolved to invest massively in oil and gas exploration and production, targeted at making new finds, increasing reserves and production capacity to guarantee commercial supplies to domestic and global market.

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