Petroleum Resources Minister (Oil), Heineken Lokpobiri, has assured that major international oil companies (IOCs) such as ...

A community in Akwa Ibom State, Inua Eyet Ikot Community in Ibeno Local Government Area has been deserted following a ...

ExxonMobil ( XOM -0.03%) has come a long way over the last five years. The oil behemoth has transformed into a much more ...

Heineken Lokpobiri, yesterday has assured against rumour that no international oil company (IOC) is exiting Nigeria.

In a major development, ExxonMobil has announced plans to invest US$10 billion in Nigeria’s offshore oil operations.

President Bola Ahmed Tinubu’s administration has already implemented favourable fiscal policies aimed at attracting ...

Nigeria's regulatory authorities have approved the sale of ExxonMobil's assets to Seplat Energy while halting Shell's planned divestment of its onshore and shallow-water operations, reported Reuters.

The Nigerian government has approved ExxonMobil’s $1.28 billion sale ... including Shell and TotalEnergies, divesting from Nigeria’s onshore oil and gas sector to focus on offshore operations.

Almost 51% of the Bonny River natural gas liquids recovery plant, previously held by ExxonMobil’s Nigerian subsidiary, Mobil Producing Nigeria Unlimited, will also be transferred to Seplat.

Nigeria, and Malaysia. Meanwhile, it closed its megamerger with Pioneer Natural Resources, significantly enhancing its core position in the Permian. ExxonMobil has fundamentally transformed into a ...