ExxonMobil, NYIF rift deepens as 30-day ultimatum begins over non-employment
Avoidable shutdown of ExxonMobil operations in Akwa Ibom may be underway in 30 days period if the international oil company fails to heed to the demands of the Nigerian Youth Initiative Forum (NYIF), over the alleged stoppage of giving contracts…
NNPC, ExxonMobil in fresh deal to saturate gas market, boost crude output
Fresh lifeline is underway for increased crude oil production and availability of gas for power generation as the Nigerian National Petroleum Corporation (NNPC) and ExxonMobil upstream joint venture partner have closed a deal that will expand existing operational portfolio. Giving…
PENGASSAN flays dismissal of local staff of Exxon Mobil in place of expatriates
Incessant sack of Nigerians by International Oil Companies (IOCs) in place of expatriates which voids the spirit of Nigerian Local Content Law seems to be getting out of hand when the recent action by Exxon Mobil in the South South…
Nipco gets approval from SEC, NSE to rename Mobil Oil 11Plc
Nipco, an indigenous Nigerian downstream oil and gas company has given indication that it will change the name of MON to 11Plc while retaining the Mobil brand. This stemmed from the completion of the acquisition of ExxonMobil’s 60 per cent…
Nigerian oil reserves look good as ExxonMobil discovers new one billion crude deposits
Recent discovery of massive crude oil deposits by ExxonMobil has been seen by experts as an added advantage to the economy is a tailored policy framework is worked out to track the exploration. The discovery has however pushed up Nigeria’s…
