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The Federal Government says it expects about $62bn from multinational energy conglomerates that include Royal Dutch Shell, ExxonMobil, Chevron, Total and Eni, citing a 2018 Supreme Court ruling it says enables it to review and adjust oil production revenue sharing agreements, Reuters has reported.
Former NBA champion, Festus Ezeli is eyeing a spot of the D’Tigers team to next year’s Olympic Games in Tokyo, Japan.
Minister of Youth and Sports Development, Mr Sunday Dare, yesterday, commended ExxonMobil Nigeria, Africare and the United-States based National Basketball Association, NBA, for their efforts at promoting capacity building, health development and well-being of Nigerian youths through their Power Africa Initiative.
The Mobil Producing Nigeria Unlimited has attributed the peaceful resolution of the industrial dispute that engulfed the company last year to the astute negotiating skill of the Minister of Labour and Employment, Sen. Chris Ngige.
The Akwa Ibom State Government has finally come to terms with the reality about the education sector in the state. The government on Thursday organised a summit to seek expert opinions on how to fix the broken school system.
The Nigerian National Petroleum Corporation, NNPC, yesterday, cleared ExxonMobil from any sharp practices and indebtedness to the country.
$1.8 billion underpayment: DPR disowns Mobil’s deal with federal government over three oil blocs’...
The Department of Petroleum Resources has dissociated itself from an alleged Federal Government’s deal with Mobil Producing Nigeria Unlimited (ExxonMobil) clearing the company to pay $665m instead of $2.5bn for the renewal fees for three oil blocs in 2009.
The Special Presidential Investigation Panel for Recovery of Public Property has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, over alleged $1.8bn owed the Federal Government by Mobil Producing Nigeria Unlimited (ExxonMobil).
In its quest to boost technological advancement in Nigeria, the Nigerian Content Development Monitoring Board (NCDMB) and Danvic Petroleum International Nigeria have secured a $1.2 million, (N610 million), seismic interpretation software and geosciences workstations for six Nigerian universities as a way of boosting knowledge in oil and gas exploration in Nigeria.
Samsung Heavy Industries Nigeria (SHIN) has received the ‘Project of the Year’ award at the African Assembly, organised by the Oil & Gas Council in Paris on June 24, 2019.
The Iraq’s Military has said a rocket struck the site of the residential and operations headquarters of several global major oil companies, including U.S. giant ExxonMobil, near Iraq’s southern city of Basra early on Wednesday, wounding three people.
Residents and indigenes of Eket Local Government Area of Akwa Ibom State have expressed their concern over the alleged abandonment ExxonMobil airstrip by the oil firm.
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other International Oil Companies operating in Nigeria, to key into the gas commercialization policy of government for gas development in the country.
Oando PLC has once again demonstrated its ability to deliver good results and create value for shareholders. The indigenous oil company on Friday, March 29, published its financial results for the full year ended, December 31, 2018.
The Italian Carabinieri police corps said that more than 31,000 pills of Yaba, known as the `madness drug,’ have been seized in a large-scale operation.
The President of the Senate, Ahmad Lawan, on Monday justified the current move by the Senate to amend the law on Production Sharing Contract in the oil industry.
Residents of some communities in Badagry area of Lagos State have continued counting their losses due to flooding after many hours of weekend rainfall which destroyed homes, churches, shops and farmlands.
A group of lawyers in Onitsha, Anambra state, have asked the state police command to bring to justice all officers involved in the manhandling of their colleague, Jacob Obasi in Onitsha, last Friday.
Gunmen killed 14 police Monday in an attack in the state of Michoacan, in western Mexico, authorities said, condemning the latest violence in the restive region, a hotspot for criminal groups and armed vigilantes.
A former governor of Kaduna State, Senator Ahmed Makarfi, has asked organised labour in the country to always hold government accountable rather than fighting for “money, money.”
The Chairman of Interim Management Committee, of Imo Transport Company, ITC, Emeka Ariguzo, yesterday said that when he assumed office last three months, he discovered that ITC, was running under private account.
Brazil coach Tite sends a message to Super Eagles after a 1-1 score draws with Senegal in an international friendly on Thursday afternoon in Singapore.
The Ekiti State Chapter of Peoples Democratic Party (PDP), on Sunday, declared its readiness to participate in the forthcoming Local Government elections scheduled for December 7.
Local media reported on Friday that Cambodian opposition activist has been sentenced to 18 months in prison over Facebook posts deemed incendiary and insulting to Prime Minister Hun Sen.