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

Seplat Energy Plc has announced that the Nigerian government has finally given consent to its $1.3 billion acquisition of ...

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

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

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

Julius Rone, the CEO of UTM Offshore, has assured Nigerians that the ongoing divestment by international oil companies (IOCs) will ...

Equinnor and ExxonMobil, from Nigeria, aside the legendary factor of lack of investment in key fields. The obverse side – which could be deemed as positive – is the significant rebound in ...

Chevron Corporation has announced plans to increase its exploration holdings in African oil producers such as Nigeria and ...

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 ...