exxonmobil

ExxonMobil Announces Renewal Of 2 Deepwater Assets In Nigeria

August 14, 2022 2:42 am

Oil giants, ExxonMobil Corp. has announced the renewal of two deepwater leases in Nigeria for a further 20 years, becoming among the first permits to be granted under the country’s new oil and gas law.

The U.S. energy giant extended its rights over two oil blocks at a ceremony on Friday in Abuja. It also renewed production-sharing contracts with the Nigerian National Petroleum Company, Limited(NNPC).

“We are pleased to announce the renewals of our OMLs 133 (Erha) and 138 (Usan) deepwater leases for a further 20–year period. This includes extensions of Production Sharing Contracts with our partner NNPC Limited.

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ExxonMobil considers sale of oil stakes in Nigeria

April 2, 2019 9:50 pm

Exxon Mobil may sell a suite of oil and gas fields it holds in Nigeria, and has commenced talks on the sales as it focuses on new developments in United States’. shale and Guyana, industry and banking sources told Reuters.

The potential disposals, THISDAY learnt yesterday are expected to include stakes in onshore and offshore fields and could raise up to $3 billion.

The development followed a statement from the Nigerian National Petroleum Corporation (NNPC) that it would no longer sign off any gas project without plans for gas flare out.

According to Reuters’ sources who were briefed on the …

ExxonMobil allegedly denying Nigerians job offers

February 13, 2019 1:43 am

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 that have continued to quietly eliminate its Nigerian employees and replacing them with hoards of new imports in disregard to Nigeria’s existing laws and development guidelines, thereby subjecting more Nigerians to premature job losses.

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