ExxonMobil (NYSE:XOM)

Africa: Eni Gets Last Nigerian Approval for Sale of Onshore E&P Subsidiary

Posted on by Mozambique Resources Post
Africa: Eni Gets Last Nigerian Approval for Sale of Onshore E&P Subsidiary

The Nigerian Upstream Petroleum Regulatory Commission cleared Eni SPA’s divestment of an onshore-focused oil and gas exploration and production (E&P) subsidiary to a local player, the Italian global energy major said Wednesday. “Having already obtained all other relevant local and regulatory authorities’ authorizations, this achievement will allow Eni to proceed to the completion of the transaction for the sale of Nigerian Agip Oil Company Ltd (NAOC Ltd)”, Eni said in a statement. NAOC, which also…

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Global Oil & Gas: EU Rules on Methane Curbs May Boost LNG Industry – Exxon

Posted on by Mozambique Resources Post
Global Oil & Gas: EU Rules on Methane Curbs May Boost LNG Industry – Exxon

New rules on curbing methane emissions in Europe’s energy sector may actually boost the case for liquefied natural gas and shouldn’t affect exports from the US. “All of the progress around emissions reduction is positive for the gas business,” Peter Clarke, senior vice president for global LNG at Exxon Mobil Corp., said at the Wood Mackenzie Ltd. oil and gas conference in London. “Ultimately it delivers what we are selling, which is a lower greenhouse…

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Mozambique: Exxon, Anadarko donate to cyclone relief

Posted on by Mozambique Resources Post
Mozambique: Exxon, Anadarko donate to cyclone relief

Oil and gas companies ExxonMobil and Anadarko have sent donations to aid agencies in Mozambique following a disastrous and deadly Cyclone Idai which made landfall on March 14. According to the UN, the full scale of the devastation caused by Tropical Cyclone Idai in south-west Africa is becoming clearer, and the emergency “is getting bigger by the hour,” with at least a thousand people feared dead. ExxonMobil and Anadarko, which are working on developing giant…

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Africa Oil & Gas: Nigeria hits oil majors with billions in back taxes

Posted on by Mozambique Resources Post
Africa Oil & Gas: Nigeria hits oil majors with billions in back taxes

Nigeria has ordered foreign oil and gas companies to pay nearly $20-billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa’s largest economy.

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