Seplat Energy is in the race to acquire the shallow water business of the local unit of American multinational oil and gas corporation ExxonMobil, Chief Financial Officer Emeka Onwuka confirmed in a statement on behalf...
A former Deputy managing director of Shell Petroleum Development Company,(SPDC), Egbert Imomoh, has explained why international oil companies (IOCs) are divesting from Nigeria. Speaking at the Centre For Petroleum’s Luncheon/Talk, he said a combination of factors...
President Muhammadu Buhari yesterday urged operators in the petroleum industry to take advantage of the new Petroleum Industry Act (PIA) to promote their investments in the oil and gas sector. He spoke at a meeting with...
The Federal High Court, Abuja, has ordered the Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom cumulative damages of...
A federal high court in Abuja has granted an application by the Economic and Financial Crimes Commission (EFCC) to arrest Richard Laing, managing director of ExxonMobil Nigeria, over his alleged involvement in the ‘fraudulent creation...