10 results
- 12 Jun 2013
Chevron Corp. Sells Nigerian Oil Blocks over Regulatory Uncertainty
Chevron Corp. said that it plans to auction off the rights it has to two offshore oil fields near Nigeria’s coast, the latest foreign oil company moving to divest from the country as regulatory…
- 24 Dec 2023
Shell to Slash Expenditure by $3Bn
Shell Plc, oil giant is now more serious towards cutting expenditure and becoming more competitive through applying drastic job reduction measures. Shell has begun cutting jobs beyond previously…
- 10 Aug 2015
Buhari Hunts for Stolen Billions @ NNPC after Futile Attempt as Military Ruler
As oil minister during military rule in the 1970s, Muhammadu Buhari oversaw the birth of the Nigerian National Petroleum Corporation (NNPC). Bloomberg reported that, now, as democratically elected…
- 30 Oct 2020
ExxonMobil to Sack 14,000 Staff as Oil Struggle Persists
There are indications that not less than 14, 000 staff of ExxonMobil will lose their jobs as fall in global price of crude oil persists amid fresh Covid-19 lock downs. Casey Norton, ExxonMobil…
- 22 Jun 2013
Total Striking 200,000 Barrels a Day Field in Nigeria
Total Nigeria is developing a new offshore oil field that it expects to produce 200,000 barrels a day. Friday’s statement from the French oil major says its Nigerian subsidiary in partnership with…
- 23 Oct 2020
Why We Sacked Some Staff- Exxon Mobil
Exxon Mobil Corp, has confirmed plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, Darren Woods, its chief executive officer, said in an…
- 11 Oct 2013
Shell Puts 4 Oil Blocks for Sale
Shell Nigeria is putting up for sale four onshore Niger Delta oil blocks with a combined production of around 70,000 barrels per day (bpd), two industry sources said on Thursday, the latest move by…
- 28 Aug 2017
Caritas Communications Appoints Onyia, Bolaji as Directors
Caritas Communications Limited, Africa’s leading reputation management consultancy has announced the appointment of two new management directors as part of the company’s effort to assure improved…
- 8 May 2018
Zinox Expands Assembly Plant, to Deploy Robotics
Zinox Technologies Ltd., Sub-Saharan Africa’s foremost tech giant, has finalized arrangements to expand its hardware assembly and production capacity with the acquisition of a 129,166.925 square feet…
- 16 Sept 2014
Total Resumes $2.5B Nigerian Deepwater Oil Field Sale
France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has…