30 results
- 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…
- 16 Jan 2017
FXTM: Trump Bulls in the White House - Red Flags on US Debt
Donald Trump's administration is bullish right out of the gate. He's chosen a cabinet made up of oil business tycoons like former Exxon chairman Rex Tillerson, so the agenda is clear; boost US big…
- 19 Oct 2009
ExxonMobil Buys $4b Stake in Ghanaian Oil Field
ExxonMobil Corporation has agreed to buy a $4 billion stake in an oil field off the coast of Ghana, as the global energy giant seeks a foothold in a major new oil-producing region. The deal is…
- 10 Feb 2013
China Dumps Nigeria’s Oil, Heads for Angola
Nigeria has lost its status as Africa’s biggest exporter to Asia, particularly the China to Angola and this is coming as the latest oil and gas outages by oil giants, ExxonMobil and Shell continues…
- 23 Feb 2012
Oil Spill Eater II Rings Solution to Oil Spill in Niger Delta
Oil Spill Eater II is the name of a non-toxic product which provides the means for moving oil spill response out of its 19th Century methodology into the realm of advanced technological 21st Century…
- 15 Jul 2016
ExxonMobil Declares Force Majeure on Nigeria's Qua Iboe Crude Oil
ExxonMobil subsidiary Mobil Producing Nigeria has declared force majeure on exports of Nigeria's Qua Iboe crude oil, the country's largest export stream, a spokesman said on Friday. The declaration…
- 6 Aug 2013
Escravos-Gas-to-Liquids Project Ready
The long awaited Escravos-Gas-To-Liquids (EGTL) project, operated by Chevron Nigeria, looks set to come on stream before the end of the year. The $9.5 billion project's aim is to produce…
- 6 Feb 2017
How Tech, Innovation Boost Digital Economies, by Ojobo
Technological innovation is the bedrock of digital economies. They are powered by the science of growth, hence they stand the test of time. This was the submission of Mr. Tony Ojobo, director Public…
- 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…
- 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…
- 29 Nov 2021
ExxonMobil May Sell Nigerian Oil Wells to Seplat
Nigeria’s Seplat Energy along with a partner is in talks to buy ExxonMobil’s shallow-water oilfields, the company said on Monday. Seplat however cautioned there was no certainty about the outcome. In…
- 25 Oct 2016
FXTM Analysis: Earnings, Macro Data To Drive Financial Markets Week Ahead
Last week’s robust U.S. corporate announcement indicated that there’s a high chance for corporate America to get out of its five consecutive quarter long profit recession. According to factset, 78%…
- 9 Jan 2018
Group Tackles Mobil over $600m Oil Bloc
A non-governmental organisation, the Human and Environmental Development Agenda (HEDA Resource Centre), has requested for clarification on the renewal of some oil mining leases in possession of Mobil…
- 29 Jun 2018
AfDB Ranked 4th Best Company to Work for in Africa
The 2018 Careers in Africa Employer of Choice Survey has ranked the African Development Bank the fourth best company to work with in Africa. Of 100 companies listed, the top four include the World…
- 15 Aug 2018
SNEPCo MD Calls for Diversification Roadmap as Shell Wins SPE Exhibition Award
Bayo Ojulari, managing director, Shell Nigeria Exploration and Production Company (SNEPCo), has harped on economic diversification as a panacea for job creation and rapid economic growth of Nigeria.…
- 8 Apr 2019
Shell Emerges Nigeria’s Most Impactful Local Content Company
Shell Companies in Nigeria have emerged the International Oil Company with the most impactful Local Content Initiatives in the upstream category at the 2019 edition of the Nigerian Oil and Gas…
- 24 Apr 2019
Earnings Season Kicks into High Gear; Naira Steady
By Lukman Otunuga, FXTM Research Analyst, The Nigerian Naira held steady against the Dollar on Tuesday, as investors awaited the nation’s Manufacturing and Non-Manufacturing PMI data for April,…
- 30 Aug 2019
Kobo360 Expands to Kenya to Power Coast-to-Coast Pan-African Logistics
Kobo360, the African e-Logistics start-up, announced it has launched its operations in Nairobi, Kenya, marking the company’s first physical expansion into East Africa. The new regional office, led by…
- 7 Sept 2019
Akwa Ibom: An Emerging Miracle State –Ekeh, Zinox Boss
Leo Stan Ekeh, chairman, Zinox Group has described Akwa Ibom as a miracle state, even as he heaped praises on the current administration of Gov. Udom Emmanuel. Ekeh made this disclosure while…
- 30 Oct 2019
Chevron Closing Shop in Nigeria, Heads Back to US
Chevron is reportedly making plans to sell some of its Nigerian oil assets and focus on growing its shale production in the United States. Reuters reports that the action is part of a decision…
- 16 Jul 2020
Interpol Indicts American for "419" in Nigeria
International Criminal Police Organisation (Interpol) has that it has established a case of fraudulent activities by John Mitchener, an American corporate player in Nigeria. Mitchener had been…
- 22 Nov 2020
Shell, NNPC Donate State-of-the Art ICT Centre to Enugu State University
The Shell Nigeria Exploration and Production Company (SNEPCo), Nigeria’s leading deep-water energy company, has donated a state-of-the-art Information and Communications Technology (ICT) Centre to…
- 22 Jun 2022
Senate Probes Shell Over Alleged Joint Venture Breach
The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of the Joint Venture…
- 15 Sept 2008
Moment Please! It Is Mo’s Birthday
Mosunmola Abudu (Mo), heroine and evangelist for accomplishment is the presenter of Moments with Mo, the runaway show on Mnet which puts pressure on the individual to stand up and be counted. Moments…
- 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…
- 22 Jun 2009
GBF’s Loan Portfolio Hits N395.5m
Growing Businesses Foundation (GBF), a major NGO involved in microfinance in Nigeria, has increased its loan portfolio to N395.5million micro loans to entrepreneurs across 22 states of the…
- 19 Oct 2009
Mobil Producing Award Scholarship Akwa Ibom Indigenes
Mobil Producing Nigeria , operator of the NNPC/MPN Joint Venture has awarded scholarship grants to Akwa Ibom State indigenes as part of the oil major’s decade long commitment developing the…
- 15 Sept 2010
UBA Signs EUR 234M Oil and Gas Financing Deal in Sénéga
United Bank for Africa has secured a EUR 234 million oil and gas financing deal with SAR (Société Africaine de Raffinage) of Senegal in a move that underscores its capacity to fund big…
- 17 Apr 2013
Bi-Courtney Unveils Internet Facilities, Lounge for Protocol Firms @ MMA2
Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport Terminal Two (MMA2), has opened a new Lounge for protocol officers of various organisations at the terminal, in…
- 23 Apr 2013
Eastern Africa Resurgence Reshapes Oil Landscape
Recent large and world-class gas discoveries in Mozambique and Tanzania, with potential for more to come, and commercial oil flows in Kenya, show the potential of the enormous exploration frontiers…