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ExxonMobil engages NUPRC on over $25bn deepwater development plans
Sopuruchi Onwuka ExxonMobil, the world’s largest publicly traded oil company by market capitalization, has unveiled plans to invest more than $25 billion in a series of deepwater oil developments and enhanced recovery projects in Nigeria. The company’s Senior Vice President…
NCDMB pledges support as Esso, LADOL team on shorebase facility
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to deepen collaboration with LADOL and Esso Exploration and Production Nigeria Limited (EEPNL) to develop facilities and capabilities that will position Nigeria as a key hub…
QatarEnergy, ExonMobil count over $28bn losses on Iran strikes
Sopuruchi Onwuka Estimated cost and income losses from Iran’s strikes on Qatar’s gas infrastructure have climbed to about $28.57 billion, as QatarEnergy and ExxonMobil assess the damage to key liquefied natural gas facilities. The attacks on 18 and 19 March…
ExxonMobil’s Esso restates commitment to vendor diversification
WIEN decries low opportunity for women-led businesses Sopuruchi Onwuka ExxonMobil affiliate, Esso Exploration and Production Nigeria Ltd. (EEPNL) has restated its commitment to supplier diversity, inclusive sourcing, and local capacity development within Nigeria’s energy sector. The company which hosted a…
Saudi Aramco leads oil majors with 52 years reserves life
Ziggy Ojiegbe Saudi Aramco stands in a league of its own when it comes to reserve strength, highlighting a growing divide between national oil companies and Western majors struggling to replenish what they produce. Shell’s 2025 results have amplified those…
TotalEnergies, ExxonMobil, Eni set to transform Mozambique into Global LNG powerhouse
Sopuruchi Onwuka Mozambique is on track to become one of the world’s leading liquefied natural gas (LNG) producers as international energy giants TotalEnergies, ExxonMobil, and Eni move closer to restarting multi-billion-dollar gas developments in the country. Following years of suspension…
Divestments: Can independents secure Nigeria’s energy future with brown asset?
NAPE calls for seismic data update on Niger Delta Sopuruchi Onwuka Transfer of most onshore petroleum industry operations from the international oil companies to mainly indigenous independent companies puts the fate of the country’s economy in the efficient hands of…
ExxonMobil to cut 2,000 jobs amid restructuring, oil market challenges
American multinational oil major, ExxonMobil, has announced plans to weed out significant 2000 workers mainly from its operations in Europe and Canada. It said in a statement that the purge planned to come into effect by 2027 would streamline its…
Divestments: UN body indicts IOCs on remediation breaches
Sopuruchi Onwuka The lingering concerns about who takes eventual responsibility for decommissioning of production facilities and remediation of oilfield environments have reached global arbitration despite earlier assurances that funding and roles have been resolved among deal parties. A panel of…
ExxonMobil earns NAPE Corporate Impact Award for Research & Development
ExxonMobil in Nigeria has been honored with the Corporate Impact Award for Research & Development at the Nigerian Association of Petroleum Explorationists (NAPE) 50 Golden Jubilee Awards, held at Eko Hotel & Suites, Lagos. The award was presented by Johnbosco…
