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ExxonMobil

Nigerian Regulator Upbeat As Seplat Speeds Up $1.3bn ExxonMobil Asset Purchase Deal

Seplat Energy Wednesday expressed optimism on finalizing talks that will allow it to conclude the deal to purchase ExxonMobil’s offshore shallow water assets. This is as the regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is “very optimistic” that the sale of

October 11, 2023

Business·News·Oil & Gas·World News

Nigeria More Ready For Business Than Ever – Tinubu Declares

President Bola Tinubu welcomed a high-level delegation from ExxonMobil, the global oil and gas giant, to New York on Monday, where he boldly asserted that Nigeria is no longer contented with meager investments from the world’s leading energy companies. He declared that

September 19, 2023

Business·Oil & Gas

Shell Petroleum Directors Meet Tinubu Over Investments After ExxonMobil Visit

President Bola Tinubu and a delegation from the Shell Petroleum Development Company (SPDC) met over Nigerian investments and his government’s policy reforms. Tinubu told the Shell Petroleum delegation, led by the firm’s global upstream director, Zoe Yujnovich, that his administration’s policies will

July 4, 2023

Seplat Accuses Petitioners Of Trying To Prevent Board From Eliminating Related Party Transactions

Business·Oil & Gas

Seplat’s Chairman, Basil Omiyi, Others To Quit Over ExxonMobil Acquisition Deal

The Chairman of Seplat Energy, Basil Omiyi, will retire from his post before the company’s May 2024 Annual General Meeting. Omiyi, who was appointed to the role 11 months ago, will exit the company due to Seplat’s Board of Directors’ Succession Forward

April 25, 2023

ExxonMobil’s Force Majeure On Oil Lifting In Nigeria, Threatens Output, Revenue

Business·Oil & Gas

ExxonMobil Force Majeure On Nigeria Oil Lifting Threatens Output, Revenue

In-house workers’ union strike action has forced Exxon Mobil to declare force majeure on loadings from different oil terminals in Nigeria. According to a report in Reuters, the company made this known in a statement on Monday. “We will continue to take

April 18, 2023

Business·Oil & Gas

Seplat Reacts, As President Buhari Withdraws Approval For ExxonMobil Deal

Seplat Energy has reacted to statement by presidential spokesperson, Garba Shehu, that President Muhammadu Buhari has reversed the approval given for the acquisition of Mobil Producing Nigeria Unlimited (MPNU). Shehu, on Wednesday, had stated that President Buhari had chosen to stand behind

August 11, 2022

Business·Oil & Gas

Seplat Threatens Lawsuit In Latest Development Of ExxonMobil, MPNU $1.2 billion Deal

Seplat Energy has threatened to file lawsuit against persons creating falsehood relating to its acquisition deal with ExxonMobil, as disagreement within President Muhammadu Buhari’s government stalls the completion. The company issued the warning after it was accused of impropriety in the process

August 11, 2022

Business·Oil & Gas

Nigeria’s Oil Regulator, NUPRC, Blocks Seplat, ExxonMobil’s Acquisition Deal, After Buhari’s Approval

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has denied the approval of Seplat’s acquisition of ExxonMobil’s Nigerian subsidiary. On Monday, Seplat had announced that President Muhammadu Buhari has approved the acquisition of Mobil Producing Nigeria Unlimited

August 9, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business·Oil & Gas

President Buhari Approves Seplat Acquisition Of ExxonMobil’s Nigerian Subsidiary

The Federal Government has approved Seplat’s acquisition of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, after the Nigerian National Petroleum Company (NNPC) initially block the deal. In a statement released on Monday to the capital market, Nigerian Exchange Limited (NGX),

August 8, 2022

Business·Oil & Gas

Nigerian Gov’t Stops Seplat Energy, ExxonMobil’s $1.28 billion Oil Deal

Seplat Energy Plc’s plan to acquire ExxonMobil’s shallow water business in Nigeria, Mobil Producing Nigeria Unlimited (MPNU), has hit the rock following a lawsuit filed by the Nigerian National Petroleum Company (NNPC) Limited. The domestic oil and gas company had announced in

July 12, 2022

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ExxonMobil

Nigerian Regulator Upbeat As Seplat Speeds Up $1.3bn ExxonMobil Asset Purchase Deal

Nigeria More Ready For Business Than Ever – Tinubu Declares

Shell Petroleum Directors Meet Tinubu Over Investments After ExxonMobil Visit

Seplat’s Chairman, Basil Omiyi, Others To Quit Over ExxonMobil Acquisition Deal

ExxonMobil Force Majeure On Nigeria Oil Lifting Threatens Output, Revenue

Seplat Reacts, As President Buhari Withdraws Approval For ExxonMobil Deal

Seplat Threatens Lawsuit In Latest Development Of ExxonMobil, MPNU $1.2 billion Deal

Nigeria’s Oil Regulator, NUPRC, Blocks Seplat, ExxonMobil’s Acquisition Deal, After Buhari’s Approval

President Buhari Approves Seplat Acquisition Of ExxonMobil’s Nigerian Subsidiary

Nigerian Gov’t Stops Seplat Energy, ExxonMobil’s $1.28 billion Oil Deal

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