Tag
EXXONMOBIL
Nigeria's oil and gas industry witnessed a flurry of business deals such as partnerships, acquisitions, and divestments in 2024.
The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has addressed concerns about the potential exit of international oil companies (IOCs) such as Shell, ExxonMobil, and Eni, following ongoing divestment deals.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the recently unveiled incentives in the oil and gas sector have so far attracted $3 billion to the economy.
The President of Nigeria, Bola Tinubu, has said the $1.28 divestment deal between ExxonMobil and Seplat Energy will receive ministerial approval in a matter of days.
The Federal Government said it welcomes oil major, ExxonMobil’s plan to invest $10 billion in Nigeria’s deep-water (offshore) oil operations.
The American stock market is the most significant globally, accounting for two-thirds of the global market by value.
NNPC has filed a motion in the High Court of the Federal Capital Territory, Abuja, seeking to discontinue its ongoing legal action against several subsidiaries of Mobil Nigeria and the Nigerian Upstream Petroleum Regulatory Commission.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) announced the signing of a settlement agreement that facilitates the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc.
ExxonMobil is downsizing its operations in Africa’s largest oil-producing nation as it moves to reduce its office space in Lagos while curtailing activities in Nigeria.
President Bola Tinubu has said he is committed to the quick resolution of the divestment issues between ExxonMobil and indigenous energy company, Seplat Energy.
Seplat Energy Plc has announced an extension of the share sale and purchase agreement (SSPA) for the acquisition of ExxonMobil’s share capital in Mobil Producing Nigeria Unlimited (MPNU).
A Pennsylvania jury in the United States of America has ruled that ExxonMobil must pay $725.5 million to an ex-mechanic who alleged his cancer was caused by toxic chemicals in the company’s gasoline and solvents, as stated by the plaintiff’s lawyers.