ExxonMobil Corporation Archives

ExxonMobil declares force majeure on oil lifting over workers’ industrial action

ExxonMobil has declared a force majeure on oil liftings from several terminals in Nigeria following industrial action by the company’s in-house workers union. Force majeure is a clause that allows

Presidency: Buhari has reversed approval of Seplat Energy, Mobil Producing Oil deal

President Muhammadu Buhari has reversed his authorisation of the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc. In February, Seplat had agreed to acquire the entire share capital of

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‘Status quo remains’ — NUPRC rejects Buhari’s approval of Seplat, Mobil Producing Oil assets deal

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says status quo will remain in respect to the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc. In May, NUPRC had declined

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Buhari overrides NNPC, approves Seplat’s acquisition of Mobil Producing Oil assets

President Muhammadu Buhari has approved the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc despite moves by the state-owned oil company to block the deal. In February, Seplat had

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