Exxon Mobil units in Nigeria declared force majeure on oil loadings from multiple terminals in the country following industrial action, a spokesman for one of the firms said.
London-listed Seplat Energy has announced a deal to acquire ExxonMobil’s Nigerian unit.
Former Seplat Energy executive Austin Avuru appears to be clashing with his old company in the pursuit of ExxonMobil’s mature onshore Nigerian assets.
Seplat Energy has confirmed it is engaged in talks on acquiring ExxonMobil’s shallow water business in Nigeria.
Mobil Producing Nigeria (MPN) has lifted force majeure on its exports from Qua Iboe.
An ExxonMobil employee has died following a fire at the Qua Iboe Terminal in Nigeria.
As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still.