Divestment: Seplat Energy, ExxonMobil to conclude deal on $800m assets this week
THE assets Sale and Purchase Agreement, SPA between Seplat Energy Plc and Mobil Producing Nigeria Unlimited, MPNU, would be completed on Thursday, this week.
Gov Emmanuel sues for stronger collaboration from ExxonMobil
Governor Udom Emmanuel of Akwa Ibom state has sued for a more mutually beneficial relationship between ExxonMobil, the host communities and the state government.
Equatorial Guinea grants ExxonMobil extension on offshore blocks
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has granted ExxonMobil a six-month extension for offshore blocks EG06 and EG-11. Located next to legacy oil-producing Block B and EG-11, the licenses are considered highly prospective acreage. ExxonMobil discovered oil at the Block EG-06 Avestruz-1 well in October 2017 and has been assessing its commerciality […]
Deep Offshore Act: ExxonMobil allays fear over capital flight
Chairman/ Managing Director of ExxonMobil in Nigeria, Mr. Paul McGrath, has stated that the Nigerian petroleum industry and the economy in general, remained an attractive destination for investment, irrespective of the signing of the amended Deep Offshore (and Inland Basin Production Sharing Contract) Act into law.
FG commends ExxonMobil, Africare, NBA’s quest for youth devt
The Association of Nigerian Electricity Distributors, ANED, described reports credited to PriceWaterhouse Coopers, PwC, that no DISCO has paid any tax to the Federal Government since the privatisation of power assets in 2013 as misleading, incorrect and lacked in facts.
ExxonMobil to partner lawmaker to unlock potentials in the sector
The management of ExxonMobil has pledged its readiness to partner with Federal lawmaker representing Etinan/Nsit Ibom/Nsit Ubium, Onofiok Luke to unlock the massive potentials abound in the petroleum industry in Nigeria.
