ExxonMobil affiliate, Mobil Producing Nigeria Unlimited, operator of the Nigerian National Petroleum Corporation/Mobil Producing Nigeria Joint Venture, today announced plans to invest up to N13 billion (US$43 million) in three community health, economic empowerment and education projects in Akwa...
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Insecurity, prolonged cash call problems and the country risk among others may have made the ExxonMobil Corporation not to consider Nigeria for any of the 25 start up projects with which it intend to boost its production by
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Oil prices rose over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit, Reuters reports.
International Brent crude futures were trading at $48.50 per barrel at 0255 GMT, up 67...
Nigeria may likely face decline in oil output as U.S. oil company, Exxon Mobil Corporation, says it has suspended exports from Nigeria’s top crude stream due to renewed activities of militants in the Niger Delta region.
A statement from the company says it had declared a force majeure – a...
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