Exxon units declare force majeure on Nigerian oil exports
Exxon Mobil units in Nigeria declared force majeure on oil loadings from multiple terminals in the country following industrial action, a spokesman for one of the firms said.
Mobil Producing Nigeria (MPN)
The Tinubu presidency and Nigeria’s energy challenges
Tinubu won 36% of the votes cast, securing support from 12 of the 36 states. He received 8.79 million votes on Saturday, while Buhari – in 2019 – pulled in 15.19mn.
Oil buoys Seplat, but pipelines and politics pose problems
Last year, theft on the Nembe Creek Trunk Line (NCTL) and Trans Niger Pipeline ranged from 30% to 90%.
Buhari backtracks on Seplat support for Exxon deal
Nigerian President Muhammadu Buhari has reversed his support for Seplat Energy to acquire ExxonMobil’s local joint venture, in apparent recognition of the regulator’s objections.
Seplat boosts profits, keeps faith on Exxon deal
Seplat Energy has boost profits among higher production, with the company staying confident on its planned purchase of ExxonMobil’s local Nigerian unit.
Seplat’s Exxon deal in Nigeria bogs down amid NNPC lawsuit
Nigerian National Petroleum Corp. (NNPC) launched a legal case against ExxonMobil and Seplat Energy over the proposed sale.
Nigeria faces uphill battle to tackle its oil spill issues
Nigeria has long had issues with safety, not least in keeping workers safe from militants. The government has shown little sign of tackling the problem among legal operations, let alone the safety challenges of widespread illicit bunkering and refining.
Oil lifts Seplat higher, but pipe problems continue
Seplat Energy has reported some slow progress at pipeline projects, but with EBITDA growing at 82% year on year it is seeing a clear benefit from higher oil prices.
Akwa Ibom takes issue with Exxon sale to Seplat
The Akwa Ibom government has objected to ExxonMobil’s sale plans to Seplat Energy and filed a legal case to halt the transaction.
Seplat strikes deal for Exxon’s shallow-water assets in Nigeria
London-listed Seplat Energy has announced a deal to acquire ExxonMobil’s Nigerian unit.
Ex-Seplat exec launches rival bid for Exxon assets
Former Seplat Energy executive Austin Avuru appears to be clashing with his old company in the pursuit of ExxonMobil’s mature onshore Nigerian assets.
Afreximbank signs up to back Nigerian FLNG plan
UTM Offshore has signed a memorandum of understanding (MoU) with the African Export-Import Bank (Afreximbank) in support of a floating LNG (FLNG) project.
Seplat eyes Exxon move in Nigeria
Seplat Energy has confirmed it is engaged in talks on acquiring ExxonMobil’s shallow water business in Nigeria.
Exxon, NNPC ordered to pay Ibeno oil spill compensation
A Nigerian court has ordered Nigerian National Petroleum Corp. (NNPC) and Mobil Producing Nigeria (MPN) pay 82 billion naira ($199.5 million) in compensation for an oil spill.
JGC, KBR sign up to study UTM liquefaction plan
Nigeria’s UTM Offshore has signed up Japan’s JGC Corp. and KBR to study its proposed floating LNG plan.
NNPC to supply gas to Moroccan plant in Akwa Ibom
Nigerian energy officials have visited Morocco in a show of support for an ammonia plant in Akwa Ibom State.
Exxon lifts Nigeria force majeure
Mobil Producing Nigeria (MPN) has lifted force majeure on its exports from Qua Iboe.
Exxon worker dies in Qua Iboe fire, force majeure declared
An ExxonMobil employee has died following a fire at the Qua Iboe Terminal in Nigeria.
NLNG area declared pandemic epicentre
Three international oil companies have committed to building a COVID-19 treatment centre in the Bonny local government area (LGA).