Exxon-Mobil

Exxon Mobil discovers one billion barrels of oil on the Owowo field offshore Nigeria.

October 27, 2016 Amurun KelvinLeave a Comment

United States-based Exxon Mobil Corporation on Thursday said it had discovered up to one billion barrels of oil on the Owowo field offshore Nigeria. The oil major said it was “a significant discovery with a potential recoverable resource of between 500 million and one billion barrels”. It said the Owowo-3 well, which was spud […]

Nigeria demands $635m from Total, Agip

September 18, 2016 Amurun KelvinLeave a Comment

Cash strapped Nigeria’s Federal Government is demanding $635million from two multinational oil companies, Agip and Total for undeclared crude oil shipped out of the country between 2011 and 2014. Two cases have been filed at the Federal High court in Lagos by senior lawyer and Senior advocate of Nigeria, Professor Fabian Ajogwu, who had handled several […]