ExxonMobil, Nigeria-based Taleveras, Ophir Win E’Guinea Oil Blocks

United States oil giant, ExxonMobil, Nigeria-based Taleveras, UK’s Ophir Energy and Clonterf Energy have been announced winners of Equatorial Guinea’s oil acreages, after the latest licensing bid round held by the central African country. Equatorial Guinea’s Minister of Mines and Hydrocarbons Gabriel Obiag-Lima made this known at a press conference Monday during the African Oil […]

Akwa Ibom accuses Total of sharp practices, announces N180bn loss

Akwa Ibom State Local Content Compliance Monitoring Committee says the state government lost N180 billion revenue following non-compliance of oil firms with Local Content Act 2010. The LCCMC Secretary, Eti-mbuk Essien, made this allegation in a letter addressed to the Managing Director, Total E & P Nigeria Limited. He lamented that the company’s contractors had […]