Nigeria’s ambitious plan to double its oil output in the next two years faces a daunting array of challenges ranging from ...

The federal government has announced the approval of ExxonMobil’s $1.28 billion divestment of its oil and gas assets to Seplat Energy, marking a significant milestone in the transaction first ...

Seplat, who is taking over from Exxonmobil has expressed interest to play at the midstream, to join the project,” Rone said.

Almost 51% of the Bonny River natural gas liquids recovery plant, previously held by ExxonMobil’s Nigerian subsidiary, Mobil Producing Nigeria Unlimited, will also be transferred to Seplat.

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

ExxonMobil is generating sizeable earnings and free cash flow despite lower oil and gas prices. The company is delivering on the goals laid out in its corporate plan. ExxonMobil remains one of the ...

Nigeria's regulatory authorities have approved the sale of ExxonMobil's assets to Seplat Energy while halting Shell's planned divestment of its onshore and shallow-water operations, reported Reuters.

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

Under the terms of the deal, Seplat will take ownership of 40% of four oil mining leases and associated infrastructure, including the Qua Iboe export terminal. Almost 51% of the Bonny River natural ...