Exxon – Precise Post

Wike Bows to Pressure, Releases 22 Exxon Mobil Staff

April 19, 2020April 19, 2020 - by Editor - Leave a Comment

By Our staff Abuja (Precise Post) – Governor of Rivers state, Nyesom Wike has succumbed to pressure and have released the 22 Staff of ExxonMobil who were arrested for violating the State Executive Order restricting movement in the state. Attorney-General and Commissioner of Justice, Rivers State, Professor Zaccheus Adangor said that the Mobil Staff were released without charges. He said that they were released following interventions by well-meaning Nigerians. The Attorney-General noted that he monitored the release of the 22 Exxon Mobil at the State Isolation Centre at the Yakubu Gowon Stadium in Port Harcourt. This development came hours after the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN directed its members to stop operations at all export facilities and suspend production and maintenance services from midnight today.

News

Stop Threatening Those Living and Doing Business in Rivers – Stakeholders to Wike

April 17, 2020April 17, 2020 - by Editor - Leave a Comment

By Our Reporter Abuja (Precise Post) – Rivers state governor, Nyesom Wike has been urged to stop threatening those living and doing business in the state but to seek ways of mutual respect in bringing about greater development in the state. The stakeholders under the auspices of the Rivers Leadership Advancement Foundation (RIVLEAF) made the call why reacting to the live broadcast of Governor Nyesom Wike and urged him to urgently watch his public utterances. The group added that the governor’s public outburst was capable of destroying the vision of the state’s founding fathers. The stakeholders in a statement signed by their Director of Communications, Onyeche Peters, said the governor’s acts were unbecoming of a public office holder expected to shape the hope and aspirations of Rivers people. Peters said Wike in his broadcast threw caution to the wind to make statements diminishing his office as a governor. He asked the governor to devise new ways of speaking on matters of state and national importance, insisting that the utterances of the governor were doing incalculable damage to the people and image …

News

Revealed! Why Rivers Government Arrested 22 Exxon Mobil Offshore Staff

April 17, 2020April 17, 2020 - by Editor - Leave a Comment

By Victor Young Abuja (Precise Post) – The Rivers State Government on Thursday arrested 22 offshore staff of Exxon Mobil in the state. 21 of the workers are members of the Petroleum & Natural Gas Senior Staff Association of Nigeria, PENGASSAN, while the remaining staff is the company’s Chief Security Officer, CSO. It was gathered that they are as at this morning (Friday, April 17, ) still at Elekaya Stadium, Port Harcourt, where they have allegedly been detained, verbally assaulted and starved since yesterday . According to PENGASSAN Exxon Mobile Branch Secretary, Kingsley Udoidua, “At about 3:30pm on Thursday April 16, 2020, Rivers State commissioner of police with his team and a top Army commander intercepted the convoy (protected by the police) conveying 21 ExxonMobil personnel who are PENGASSAN members on their way to Intels, Port Harcourt, at Bori (Akwa Ibom/Rivers boundary). The commissioner rebuffed all explanations and forced them to move to Elekaya Stadium, Port Harcourt, where they have been detained, verbally assaulted and starved.” Details later

World News

Mozambique, Exxon To Sign Agreement On LNG Production

October 7, 2019October 7, 2019 - by Edit - Leave a Comment

Maputo – Mozambique and U.S. energy giant Exxon Mobil will finalise investment in Mozambique’s lucrative liquefied natural gas fields in a signing ceremony on Tuesday, the African country’s government has said. The Ministry of Mineral Resources and Energy said that the signing would also host other firms in the capital Maputo. Exxon’s Rovuma LNG project, jointly operated with Italian firm Eni, will produce, liquefy and sell natural gas from three reservoirs located in the Area 4 block offshore Mozambique’s northern coast. Exxon estimates the fields, which are due to come on line in 2024, will cost $30 billion to develop. Exxon has said it expects 17,000 tons of liquefied petroleum gas (LPG) per year during the production phase, with the signing of an initial investment decision paving the way for the massive infrastructure project to begin. The gas fields are located off the coast of the northern Cabo Delgado province, which for the last two years has seen intensifying attacks on surrounding communities and government buildings by an extreme Islamist militant group. In February, Texas-based petroleum firm Anadarko said one …

Business

Exxon, Shell Cannot Restore $1.8 bln Nigerian Arbitration Award -U.S. judge

September 5, 2019September 5, 2019 - by Edit - Leave a Comment

NEW YORK – A U.S. judge on Wednesday rejected Exxon Mobil Corp’s and Royal Dutch Shell Plc’s effort to revive a $1.8 billion arbitration award against Nigeria’s state-run oil company, which stemmed from a dispute over a 1993 contract to extract oil near the African country’s coastline. U.S. District Judge William Pauley in Manhattan cited public policy and due process considerations in deciding not to enforce the October 2011 award against Nigerian National Petroleum Corp (NNPC), which was subsequently set aside by courts in Nigeria. “While this court may have inherent authority to fashion appropriate relief in certain circumstances, exercising that authority to create a $1.8 billion judgment is a bridge too far,” Pauley wrote in a 50-page decision. The companies said last November that the award had grown to $2.67 billion, including interest. Exxon spokesman Todd Spitler said the Irving, Texas-based company disagreed with the decision and was evaluating its next steps. Shell and its lawyers did not immediately respond to requests for comment. “NNPC is very pleased with the decision, and was always confident that there was no …