ExxonMobil

ExxonMobil to Invest $1.5 billion in Nigeria’s Deepwater Oil Fields

By Ndubuisi Micheal Obineme ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned investment…

6 months ago

Seplat Energy Announces NUPRC Confirmation of Consent on MPNU Deal

Lagos and London, 22 October 2024: Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange and…

1 year ago

NNPC Limited, ExxonMobil Signs Settlement Agreement Over $1.28 billion Asset Divestment Deal

… as President Tinubu wade in, pushes for quick resolution on the approval of Exxon-Seplat asset deal. By Ndubuisi Micheal…

1 year ago

Exxon Mobil-Seplat $1.3bn Asset Deal Nearing Approval

...NUPRC meets with both companies, considering to approve the deal in less than two weeks under three conditions. ...insist the…

2 years ago

NUPRC, not delaying $1.3bn ExxonMobil assets deal

By Ibrahim Musa There are indications that the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the regulator of Nigeria’s upstream oil…

2 years ago

NUPRC Releases Regulatory Framework for Asset Divestment in Oil, Gas Sector

By Ndubuisi Micheal Obineme …Outlines terms and conditions on asset divestment following the decisions of IOCs to sell its Nigerian…

2 years ago

IOC’s Divestment: We Facilitate, Not Hinder Process – NNPC Ltd.

The Nigerian National Petroleum Company Limited (NNPC Ltd), as the largest partner to all the oil producing companies in Nigeria,…

2 years ago

NNPC, NCDMB, IOCs SIGN MoU To Reduce Contracting Cycle

In a major boost for the nation’s oil and gas industry, the NNPC Ltd and the Nigerian Content Development &…

2 years ago

Nigeria Secures $13 Billion In Investment Pledges From Oil Firms

By Ndubuisi Micheal Obineme Nigeria has secured a total of $13 billion in investment commitments in its oil and gas…

2 years ago

QatarEnergy Trading to offtake and market 70% of LNG produced by Golden Pass

DOHA, Qatar – Affiliates of QatarEnergy and ExxonMobil have agreed to independently offtake and market their respective proportionate equity shares…

3 years ago

ExxonMobil Acquires Deepwater Exploration Blocks in Namibe Basin Offshore Angola

By Ndubuisi Micheal Obineme Following the recent reforms in Angola's oil and gas industry, ExxonMobil, in-line with its commitment to…

5 years ago

ExxonMobil and Global Clean Energy Holdings sign agreement for renewable diesel

Global Clean Energy Holdings to supply renewable diesel from Bakersfield biorefineryRenewable diesel can significantly reduce life-cycle greenhouse gas emissions Agreement…

5 years ago

IOCs reports historic loss, Cut Production in Permian Basin

The biggest U.S. oil producers reported historic losses last week and predicted that it could take months to recover as…

6 years ago

More oil and gas projects in Nigeria are expected in 2019

By Ndubuisi Micheal Obineme Oil and gas projects continues to expand at a rapid pace in the Nigerian oil and…

7 years ago

ExxonMobil not exiting Nigeria – Kachikwu

The Minister of State for Petroleum, Dr Emmanuel Ibe Kachikwu has denied the knowledge about any plan by Exxon Mobil,…

7 years ago

ExxonMobil Provides $300,000 to Support Relief Efforts in Mozambique Following Cyclone Idai

Funding will be provided to the Red Cross and other agencies to assist with disaster relief efforts ExxonMobil employees, contractors…

7 years ago

ExxonMobil Made Two New Discoveries Offshore Guyana

IRVING, Texas----ExxonMobil has said that it made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the…

7 years ago

ExxonMobil, Qatar Petroleum makes FID to Proceed with Golden Pass LNG Export Project

IRVING, Texas----ExxonMobil and partner Qatar Petroleum said that they have made a final investment decision to proceed with development of…

7 years ago

ExxonMobil & Partners Set To Advance Integrated Gas-for-Power Development in Vietnam

Proposed development to provide cleaner, reliable power and stimulate economic growth and improved living standards Front-end engineering and design work…

7 years ago

ExxonMobil makes FID for Beaumont Refinery Expansion

ExxonMobil has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that…

7 years ago

ExxonMobil Joins Kinder Morgan, EagleClaw and Apache on Permian Highway Pipeline Project

ExxonMobil signs a letter of intent; XTO Energy to be a shipper on pipeline HOUSTON----Kinder Morgan Texas Pipeline LLC (KMTP),…

7 years ago

ExxonMobil Increases Estimate for Guyana’s Stabroek Block to 4 Billion Barrels

Evaluation supports third phase of development; additional two phases under consideration with potential to produce over 750,000 barrels per day…

7 years ago

ExxonMobil’s Petroleum-based polymers are widely used in the automotive industry

At a time when fuel efficiency standards are on the rise, plastics are helping cars travel longer distances on less…

7 years ago

ExxonMobil Earns $19.7 Billion in 2017; $8.4 Billion in Fourth Quarter

Net favorable non-cash impacts in the fourth quarter total $4.6 billion, including $5.9 billion relating to U.S. tax reform, partially…

8 years ago

ExxonMobil to Triple Permian Production by 2025

IRVING, Texas----ExxonMobil has officially announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by…

8 years ago

ExxonMobil Named 2017 Explorer of the Year by World Oil and Gas Council

IRVING, Texas----ExxonMobil has been named 2017 Explorer of the Year by the World Oil and Gas Council in recognition of…

8 years ago

Ghana: “Exxon Mobil Key To Developing Ghana’s Oil & Gas Industry” – President Akufo-Addo

The President of the Republic, Nana Addo Dankwa Akufo-Addo, says close co-operation between Ghana and the world’s largest publicly traded…

8 years ago

ExxonMobil Acquires Exploration Acreage Offshore Ghana

IRVING, Texas----ExxonMobil has officially announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration…

8 years ago

ExxonMobil, MagnaBond Collaborates to develop New Well Integrity Evaluation Technologies

SPRING, Texas----ExxonMobil Upstream Research Company has officially announced that it has signed a three-year joint development agreement with MagnaBond, LLC…

8 years ago

ExxonMobil Come Across Hydrocarbons Onshore Papua New Guinea

IRVING, Texas----ExxonMobil has officially announced that it came across hydrocarbons after drilling the onshore P’nyang South-2 well, located in the…

8 years ago