Reining in the collapse of Nigeria’s oil industry
In 1990, Nigeria’s average daily oil production was about 1.85 Million barrels and rising, having recovered from a low of 1.3Million barrels in 1983. Oil reserves at the time stood at about…
Browsing Tag
Exxon-Mobil
Seplat’s bid for ExxonMobil assets meets NNPC brick wall
While Seplat Energy Plc, a major energy company in Nigeria, has agreed to buy the shallow-water assets of ExxonMobil in the country, the crucial green light from the Nigerian National…
Job cull, shutdown herald era of leaner oil for which Nigeria is ill prepared
A key oil refinery for U.S. East Coast consumers is halting operations after escalating environmental scrutiny made it impossible for backers to obtain desperately needed financing and Exxon…
Pressures intensify as oil giants Shell, Exxon are dealt major defeats on climate…
Shell and Exxon lose landmark decisions on the same day, demonstrating growing threats to fossil-fuel companies from activists and investors.
Exxon Mobil Corp. and Royal Dutch Shell PLC…
Reps probe alleged abuse of Nigerian companies by Exxon Mobil
The House of Representatives has commenced investigation into allegations of abuse of bidding, contracting and operating processes by a foreign company, Exxon Mobil against Nigerian owned…