EXXONMOBIL, PENGASSAN AGREE TO RESOLVE DISPUTE

May 19, 2017 AdminLeave a comment

The Petroleum and Natural Gas Senior Staff Association of Nigeria and a subsidiary of United States-based ExxonMobil Corporation, Mobil Producing Nigeria Unlimited, have reached an agreement to end a dispute over the sacking of some employees.

EXXONMOBIL CRISIS DEEPENS AS OIL WORKERS THREATEN SHELL, CHEVRON, TOTAL

May 12, 2017 AdminLeave a comment

The picketing of Mobil Producing Unlimited, an affiliate of ExxonMobil, continued on Thursday with oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) threatening to escalate the crisis to Shell, Chevron and Total by the weekend.

OIL WORKERS THREATEN TO SHUT DOWN EXXONMOBIL OPERATIONS

May 10, 2017 AdminLeave a comment

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened to shut down the operations of Mobil Producing Nigeria Unlimited, an affiliate of ExxonMobil until the sacked workers are recalled.

NIPCO OUTLINES GROWTH STRATEGY FOR MOBIL OIL

April 18, 2017 AdminLeave a comment

The Group Managing Director of NIPCO Plc, Mr. Venkataraman Venkatapathy, has outlined measures being put in place by the majority shareholders in Mobil Oil Nigeria Plc to make the recent acquisition of ExxonMobil’s 60 per cent stake a game changer in the downstream sector. Specifically, the deal which would ensure increase in the production of Mobil brand of lubes which […]

KACHIKWU CONTINUES OIL INVESTMENT OVERTURES, WOOS EXXONMOBIL ON LOCAL REFINING

April 13, 2017 AdminLeave a comment

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has continued his drive to have International Oil Companies (IOCs) operating in Nigeria deepen their investments in the country with a visit to United States oil firm, ExxonMobil. The minister according to a statement from the ministry yesterday in Abuja, met with top executives of ExxonMobil at its headquarters in […]

SEC, NSE APPROVE ACQUISITION OF MOBIL BY NIPCO

April 5, 2017 AdminLeave a comment

The Nipco Plc, has announced the successful acquisition of 60% stake in Mobil Oil Nigeria Plc (MON) following due statutory approvals from the ‘Securities and Exchange Commission’ and the ‘Nigerian Stock Exchange’. Briefing newsmen yesterday, the Group Managing Director, Nipco Plc Venkataraman Venkatapathy the Focus will now be placed on expansion of the retail footprint under the Mobil brand. With […]