LAGOS JANUARY 28TH (NEWSRANGERS)-Itsekiri leaders of Abigborodo, Obotie and Ugbekoko reiterated that the aforementioned communities are the host communities of the land in which on SEPLAT oil company is operating. The Itsekiri leaders in a press statement issued by the Chairman and Secretary of Abigborodo Management Committee, Hon Misan Ukubeyinje, ESQ and Mr Victor Atseponu…
LAGOS AUGUST 16TH (NEWSRANGERS)-Nigerian President Muhammadu Buhari’s flip-flop over the sale of Exxon Mobil Corp.’s assets could discourage investment in Africa’s largest oil producer in the wake of industry reform meant to grow the sector. A $1.28 billion bid by Lagos and London-listed Seplat Energy Plc for shares in Exxon’s local subsidiary was initially backed…
LAGOS AUGUST 9TH (NEWSRANGERS)-Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy, in a $1.28 billion deal announced in February. Buhari, who doubles as oil minister, granted ministerial approval to the deal, the presidency said in a statement on Monday. Exxon and Seplat are expected to…
LAGOS DECEMBER 13TH (NEWSRANGERS)-The head office of Seplat Petroleum Development Company (SPDC) has remained shut, a full week after it was sealed off on the back of a court order instituted by Access Bank Plc. According to reliable sources, both parties appeared in court during the week, with Seplat seeking the court’s approval to vacate…
LAGOS MAY 14TH (NEWRANGERS)-The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts which is enough to provide uninterrupted electricity to about 2.4 million homes, Managing Director, The Shell Petroleum Development Company of Nigeria Limited…