Nigeria, Oil Majors in Race to Seal Deals

Tuesday, November 24th, 2009

International Oil Companies (IOCs) operating in Nigeria are scrambling to renew their oil licences ahead of the passage of the Petroleum Industry Bill, (PIB) that could boost tax and royalty ...


Crude oil for November 2009 delivery declined as much as $0.72, or 1%, to $69.89 a barrel

Thursday, October 1st, 2009

Crude oil for November 2009 delivery declined as much as $0.72, or 1%, to $69.89 a barrel in electronic trading on the New York Mercantile Exchange on 30 September, Bloomberg ...


Nestoil signs agreement with Exxon mobile to revamp tank in Niger Delta

Tuesday, August 5th, 2008

Nestoil Group, has signed a multi-billion naira deal with Exxon Mobil, to revamp Exxon Mobil tank farm One of Nigeria’s leading indigenous Engineering, Construction and Procurement (EPC) Company, Nestoil Group, has ...


Mobil 1 Selected as Factory and Service Fill Motor Oil for New Nissan GT-R Multi-Performance Supercar

Friday, February 22nd, 2008

FAIRFAX, Va.--(BUSINESS WIRE)--ExxonMobil today announced that Mobil 1 has been selected as the factory fill motor oil for the Nissan GT-R, the newly launched high performance vehicle featuring an all-new ...


Exxon Mobil Corporation Announces 2007 Reserves Replacement

Friday, February 15th, 2008

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that it replaced more than 100 percent of its production in 2007. Additions to the Corporation’s worldwide proved oil and gas reserves totaled ...


Fitch Discusses Potential Impact of Exxon’s Freeze on PDVSA Partnered Refineries

Friday, February 15th, 2008

NEW YORK--(BUSINESS WIRE)--Fitch Ratings said Friday that it views a British court order to freeze up to US$12 billion of Petroleos de Venezuela S.A.'s (PDVSA; rated 'BB-'with a Negative Outlook ...