According to the federal government, the divestment of ExxonMobil’s Nigerian assets to Seplat Energy is poised to receive ministerial approval within days. 

Nigeria Secures $10bn Investment for Deep-Water Oil Expansion Nigeria has secured a landmark $10 billion investment from ExxonMobil to boost its deep-water oil operations, marking a major vote of confidence in the country’s oil sector amid ongoing economic reforms. The announcement was made by Shane Harris,...

Seplat Denies Cancellation of ExxonMobil Deal  Seplet Energy says it had not received any official notification from the Federal Government stating the reversal of its proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited. The company also said it was seeking clarification from...

NUPRC Rejects FG Approval of Seplat, Mobil Deal The Nigerian Upstream Petroleum Regulatory Commission says that the status quo as regards the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited remains unchanged. It specifically stated that the status...

ExxonMobil, Chevron, Others To Pay NNPC N156bn For Crude Exports   Nine multinational oil companies including Chevron and ExxonMobil will pay the Nigerian National Petroleum Company Limited a total of N156.148bn this for the August 2021 domestic crude oil exports, the NNPC has said. A document obtained...

Group To Sue Oil Firms For Gas Flaring   A group, Network Advancement Programme for Poverty and Disaster Risk Reduction, says it has concluded plans to drag ExxonMobil and Frontiers Oil to court over alleged flaring gas and causing spillage. President of the group, Alhaji Al-Mustapher Edoho,...