Still waiting for report on commercial viability of new found oil
…As FG begins hydrocarbon survey in Bida Basin Whereas Nigerians have continued to wait on the Nigerian National Petroleum Corporation (NNPC) to release the results of its research on the commercial viability of new found oil reserves in Gongola Basin…
Season of LNG deals in Nigeria as ExxonMobil, firm Seal $406m supply contract
Barely few days Chevron, NLNG signed GSAA with refineries, manufacturing and power generating firms on supply of gas, Exxon Mobil Corporation’s subsidiary, SeaRiver Maritime has concluded $406.2million two new LNG carriers deal. According to the company, each of the LNG…
ExxonMobil, Frontiers Oil face imminent court action over gas flaring, spillages
Less than one week after some host communities in Ohaji-Egbema Local Government Area of Imo State staged a protest against some International Oil Companies (IOCs) over continuous environmental pollution including gas flaring, in Akwa Ibom, Network Advancement Programme for Poverty…
Comparative advantage forces ExxonMobil to abandon airstrip for Int’l Airport
Checks have revealed that for more than one year, for more than one year now, ExxonMobil aircraft are yet to touch down on the Eket Airstrip, thus frustrating hitherto thriving business and economic activities in the local government in Akwa…
Indigenous coy drags NCDMB, ExxonMobil to court over abuse of local content
Akwa Ibom based indigenous player in the nation’s oil and gas industry have started internalizing the provisions of the Local Content Act in the industry. Accordingly, leading indigenous oil servicing group in Akwa Ibom State, Pioneer Divers Int’l (PDI) Limited,…
Can local consortium take part in buying ExxonMobil oil, gas fields?
Emerging investment opportunity is coming for indigenous oil and gas consortia if US group, ExxonMobil puts paid to its ongoing consideration to exit Nigeria’s downstream oil sector by selling off some oil and gas fields in the country at about…
Shell, ExxonMobil renew interest in downstream with NNPC’s crude swap deal
Barely few years after officially exiting petroleum downstream operations, strong indications have emerged on the readiness of exploration giants, Shell and ExxonMobil to make a comeback. The return mission is being driven by mouth-watering offering coming by the Nigerian National…
Just in: Sacked workers overrun ExxonMobil Lagos head office, demand justice
Lagos headquarters of ExxonMobil on Ozumba Mbadiwe, Victoria Island was today, Tuesday shut by the company’s workers’ unions following the easing out of about 860 security workers popularly called Spy Police without entitlement and replace them with expatriates. The aggrieved…
‘Presence of Mobil in Akwa Ibom deepening state’s development partnership’
Whereas indications are suggesting that the federal government lacked the political will to implement its order to International Oil Companies (IOCs) to relocate their head offices to producing areas, the Akwa Ibom State Government has announced plans to work more…
ExxonMobil approves CSR deal to raise social investments with N13b in A’Ibom
Host communities in Akwa Ibom State are set to enjoy massive social investments totaling N13 billion (US$43 million) in health, economic empowerment and education projects from oil giant, Mobil Producing Nigeria Unlimited in the next 18 months. It would be…
