PENGASSAN

Neconde Energy to face shut down over sacked workers

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened to shut down the operations of Neconde Energy Limited in Lagos and Warri for sacking five of its members that work in Neconde without following due process. Neconde Energy Limited is the exploration and production (E&P) arm of the Obijackson Group, the […]

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PENGASSAN

PENGASSAN lauds FG efforts to sustain refineries

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has commended the Federal Government for its effort to ensure that the four refineries in the country function at optimal capacity. The President of the association, Mr Francis Olabode, made the commendation on Wednesday in Yola while addressing the 5th PENGASSAN Kaduna Zonal Terminal […]

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(FILES) An Exxon sign is seen at a station in this September 20, 2008 file photo in Manassas, Virginia. US oil giant ExxonMobil on July 31, 2014 reported higher second-quarter profits despite pumping less oil and gas than it did a year ago. Exxon, the biggest US oil company and the second-largest US company in terms of market capitalization after Apple, said earnings came in at $8.8 billion, up 28 percent from the year-ago level. "ExxonMobil's financial results were achieved through strong operational performance and portfolio management," said chief executive Rex Tillerson. "We continue to enhance shareholder value by funding capital projects and delivering robust shareholder returns through dividends and share purchases." Results translated into earnings per share of $2.05, 19 cents above analyst forecasts.AFP PHOTO/Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images ** OUTS - ELSENT, FPG - OUTS * NM, PH, VA if sourced by CT, LA or MoD **

Union wants ExxonMobil facility in Niger Delta closed down

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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ExxonMobil, PENGASSAN strife threatens Nigeria oil production

Dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria and a subsidiary of United States’ ExxonMobil Corporation has taken a turn for the worse on Monday as the union extended its industrial action to other international oil companies operating in the country. This followed the rejection of the directive by the Minister […]

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