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Nigeria’s Crude Oil Exports To Surge By 300,000 BP/D

  …….as PENGASSAN suspends industrial action at ExxonMobil There are strong indications that Nigeria’s crude oil exports may increase by about 300,000 barrels per day as Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called off its industrial action at all Mobil Producing Nigeria Unlimited (MPNU) and Esso Exploration and Production Nigeria […]

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Analysts Link Seplat’s Acquisition Of Mobil Saga To PIA Flaws

As the controversies over Seplat Energy Plc’s intention to acquire assets of Mobil Producing Nigeria Unlimited (MPNU) rage on amid serious concerns among investment and legal experts, Proshare Limited’s analysts have linked the confusions over the process to flaws in the just enacted Petroleum Industry Act (PIA) 2021. The investment research and consulting services’ analysts […]

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Confusion Trails Seplat’s Purported Acquisition Of Mobil

…….As NUPRC counters President Buhari’s order on deal  Less than 24 hours after Seplat Energy Plc announced that President Muhammadu Buhari had approved its  cash acquisition of the share capital of Mobil Producing Nigeria Unlimited (MPNU), emerging developments at the highest level of government have indicated that the purported approval may not have passed through […]