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IOCs offered faster Nigerian exit if they pay for cleanup

*Gbenga Komolafe Abuja/Lagos — International oil companies, IOCs, including Exxon Mobil (XOM.N), and Shell (SHEL.L), that aim to exit Nigeria’s onshore oil can get quicker approval to do so if they take responsibility for spills […]

Shell smashes forecasts with $7.7 billion quarterly profit

*Shell LNG Marketing & Trading – Shell announces further $3.5bn in buybacks– Oil trading boosted by Red Sea diversions and Russia disruption– LNG earnings beat expectations– Shares up 1.7% London — Shell (SHEL.L), opens new […]

Exploring the Hidden Treasures: The By-Products of Crude Oil

By-Products of Crude Oil: Exploring the Hidden Treasures Crude oil, often referred to as “black gold,” is a valuable natural resource that powers our modern world. Besides being a major source of fuel, crude oil […]

Tips for Writing an Effective Engineering Resume

How to Write a Resume for Engineering Jobs When applying for engineering jobs, having a well-crafted resume is essential to stand out from the competition. Here are some tips to help you create an effective […]

‘Nigeria could approve Exxon oil asset sale to Seplat within weeks’

*Gbenga Komolafe Abuja/Lagos — ExxonMobil’s Nigerian petroleum assets sale to Nigeria’s Seplat could be approved in less than two weeks, the country’s oil regulator told Reuters on Thursday.The $1.28 billion sale in Africa’s largest oil […]

TotalEnergies considers moving stock listing to New York

*TotalEnergies headquarters in Paris. (Photographer: Nathan Laine/Bloomberg). London – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ […]

Seplat Energy declares US 3 Cents dividend per share for Q1 2024

Oritsegbubemi Omatseyin Lagos — Seplat Energy Plc has announced its unaudited results for the three months ended 31 March 2024, declaring a US 3 Cents dividend per share for the period. For the period under […]

Exxon to shut 2 platforms in Guyana for 2 weeks each to connect pipeline

*The Exxon Mobil Corp building is pictured in Georgetown, Guyana. Georgetown — Exxon Mobil Corp will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect […]

Fuel prices soar as shortages worsen Nigeria’s cost of living crisis

*Fuel scarcity persists in Nigeria. Lagos — Gasoline shortages persisted in Nigeria’s major cities on Tuesday, causing a sharp increase in prices and exacerbating the country’s cost-of-living crisis. Prices in some retail outlets in Lagos […]

NUPRC begins evaluation of Shell’s onshore divestment in Niger Delta

*Shell Petroleum Development Company Abuja — Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has commenced the evaluation of the divestment processes of Shell’s 75-year-old onshore assets to Renaissance company, the new investors. Shell in January announced […]