There are allegations that ExxonMobil may have resorted to anti-labour practices aimed at drastically excluding Nigerians from core activities in the company. Sources alleged that the intention was to make the company a complete foreign firm in spite of its joint partnership agreement. In fact, there are allegations that the company has resorted to activities […]
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The Nigerian National Petroleum Corporation has said it can sign crude-for-product deals with Shell and ExxonMobil, similar to the one signed with BP last week. The NNPC announced last Wednesday that it had signed such a deal with BP and would provide more details later. “Unfortunately, Shell and ExxonMobil exited the downstream sector in Nigeria […]
Read More ExxonMobil has committed $6.6 billion into exploration and other capital projects, indicating 69 percent up from the prior year. In its latest report obtained by Sweetcrude, the company disclosed that the investments were made in Brazil, the U.S. Permian Basin and Indonesia. The company stated: “Oil-equivalent production was 3.6 million barrels per day, down 7 […]
Read More Exxon and Chevron are earning billions and benefiting from the new tax law, but profits are falling short of expectations that were based on rising oil prices. The shares of both companies fell in afternoon trading Friday. Both U.S. oil giants were expected to get a boost from crude prices, which rose sharply in the […]
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Exxon Mobil Corp. is reporting another significant oil discovery in deep Atlantic Ocean waters off Guyana. The company says its Ranger-1 well hit a major oil reservoir in an area known as the Stabroek Block off the South American country. The well was drilled to a depth of 21,161 feet (6,450 meters) in 8,973 feet […]
Read More ExxonMobil will spend $300 million to upgrade eight US chemical facilities and resolve allegations it spewed excess emissions of benzene and other dangerous chemicals into the air, US regulators announced Tuesday. The US petroleum giant will install new pollution controls and monitoring equipment at plants in Texas and Louisiana, according to a consent decree announced […]
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Oil majors Royal Dutch Shell and Exxon Mobil won blocks in Brazil’s coveted pre-salt oil region in an auction on Friday. Shell was part of consortia that won two of the four blocks on offer in the first part of an eight block auction. Exxon, in a consortium with Norway’s Statoil and Portugal’s Petrogal, won […]
Read More Communities hosting ExxonMobil crude oil exploration and production activities in Akwa Ibom State are demanding the relocation of the company’s headquarters from Lagos to Eket. The communities are equally seeking for the speedy implementation of the various Memorandums of Understanding (MoUs) sealed between the oil firm and the communities. A communiqué issued by the oil […]
Read More India get a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp in a rare contract renegotiation, a bad sign for global producers in a heavily oversupplied market. Long-term contracts are rarely revised in the LNG market, and for a big producer to cave in shows how supply from […]
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The Nigerian National Petroleum Corporation (NNPC) and its joint venture partner, Mobil Producing Nigeria Unlimited, have made commitments to boost oil and gas production in the country. The commitment was made in Abuja, yesterday, when the NNPC Group Managing Director, Mr. Maikanti Baru, received ExxonMobil delegation led by Mr. Jack Williams, Senior Vice President of […]
Read More Traditional rulers and other stakeholders of Exxonmobil’s core host communities in Akwa Ibom State have urged the Federal Government to compel more international oil companies to move their offices to their areas of operation. In a communiqué made available to Daily Sun and signed by the paramount ruler of Ibeno and Chairman, Akwa Ibom State […]
Read More A Nigerian labor union on today called for the close down of all ExxonMobil Corp facilities in the Niger Delta, a union representative said. Reuters was unable to independently verify whether union members had shut down the company’s facilities. Oil industry sources said there had been no impact on production. Madubuezi Azubuike, who chairs the […]
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