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";s:4:"text";s:9946:"According to reports, Exxon officials have held talks in recent weeks with several Nigerian companies to gauge their interest in the fields. In an analyst presentation last month, Exxon said it would accelerate its divestments to around $15bn by 2021. ExxonMobil Upstream Nigeria, in support of cancer awareness and research in Nigeria, held a health walk for employees and their families on the 9th of December 2017. When contacted for comment, the Manager, Media and Communications, Mobil Producing Nigeria Unlimited, Mr Oge Udeagha, declined to comment on the matter. Zacks Ranks stocks can, and often do, change throughout the month. University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, ExxonMobil corporate global contact us page. The sale will mark the company’s exit from the former Soviet state after 25 years.ExxonMobil has reportedly held discussions with several Nigerian companies to determine their interest in the fields. See its 7 best stocks FREE. Privacy Policy | No cost, no obligation to buy anything ever. Three members of the Mobil House janitorial team were celebrated by the Upstream Nigeria staff, under the Appreciate Our Cleaners initiative. The project is located about 28km offshore Nigeria and on Bonny Island, Nigeria. Its oil output in the country reached 225,000 barrels per day in 2017, its website said. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The project will cost an estimated $2.6 billion and is scheduled to begin production in early 2006. The company delivered an average positive earnings surprise of 20.5% in the trailing four quarters.Zacks' Top 10 Stocks for 2019In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?Who wouldn't? ExxonMobil upstream affiliates operating in Nigeria are Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Ltd. (EEPNL) Mobil Producing Nigeria is one of the largest oil producers in Nigeria. The documents are Shell Sustainability Report; Industry Associations Climate Review; Nigeria Briefing Notes and Payments to Government Report. ExxonMobil affiliate Women Interest Network (WIN), Nigeria, recently hosted the 2017 edition of the annual "Introduce a Girl to Science and Engineering Day" (IAGTED), welcoming 20 female students and four accompanying teachers from four secondary schools: Kuramo Junior and Senior Secondary Schools, and Victoria Island Junior and Senior Secondary Schools. The East Area project’s 18,000-tonne EAP Gas Compression Facilities platform was set in place at the end of 2005, and set a world record when it was installed in open water using Float-Over Technology. The payment, according to the oil giant, represents a 48 per cent increase over payments by the companies to the government in 2017, which was $4.322 billion. The root cause of the outbreak is unknown but details of this incident will be reported shortly. The students had an exciting day learning and participating in engineering and science activities. The NNPC/MPN Joint Venture awards 500 scholarships to undergraduate students in Nigerian Universities. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. The East Area Additional Oil Recovery project represents a major investment in a mature operation to extend field life, increase oil recovery and eliminate non-routine gas flaring by injecting produced gas. The company commenced operations in Nigeria in 1955 under the name Mobil Exploration Nigeria Incorporated (MENI). We use cookies to understand how you use our site and to improve your experience. Real time prices by BATS. The partnership delivered an average positive earnings surprise of 452.2% in the last four quarters.SEACOR Holdings is a diversified holding company, mainly focused on domestic and international transportation, logistics as well as risk management consultancy. ExxonMobil Recruitment 2020/2021 Latest Application Updates Portal. The payments formed part of the four documents released yesterday by the Group Chief Executive Officer of the Royal Dutch Shell, Ben Van Beurden, to signal the global oil giant’s renewed commitment to greater transparency. These reports outline our approach and activities in the crucial areas of sustainability and our relationships with industry associations and governments.”, © THEWILL NEWS MEDIA. Find contact information for products and sales, customer service, media, global production and more. The United States-based oil major recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in US shale and Guyana, Reuters quoted industry and banking sources as saying. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The company’s earnings beat the Zacks Consensus Estimate in two of the last four quarters.CrossAmerica Partners is involved in the wholesale distribution of motor fuels, comprising gasoline and diesel fuel. All Rights Reserved. The U.S. oil major is currently focused on increasing yield in the Permian and developing the huge oil discoveries offshore Guyana.The discussions are related to a number of onshore fields that the company has in joint ventures with Nigerian state oil firm NNPC. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. By Alex Enumah Justice O. Our OIMS — Operations Integrity Management System — is a disciplined, systematic approach that we employ in all our operations. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. NASDAQ data is at least 15 minutes delayed. With a workforce of more than 70,000 employees, our career-oriented approach to developing an exceptional workforce includes recruiting outstanding talent and supporting long-term professional development. Nigeria ExxonMobil (XOM) Plans to Divest Stakes in Nigerian Assets - April 5, 2019 - Zacks.com The company and its joint venture partner, NNPC, operate over 90 offshore platforms comprising of about 300 producing wells at a capacity of over 550 thousand barrels a day of crude, condensate and natural gas liquids (NGL). It has made substantial contributions in the areas of health, education, sports, water supply, electricity and roads, especially around its operational bases in Akwa Ibom and Rivers States. In October 2016, the oil major divested its 60 per cent stake in Mobil Oil Nigeria Plc to Nipco Plc, an indigenous Nigerian downstream oil and gas company. BREAKING: Fire Outbreak On A Major ExxonMobil Platform added by Media Nigeria on April 25, 2017 For convenience and simplicity those terms and terms such as Corporation, company, our, we and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Nigeria While Antero Resources and CrossAmerica Partners sport a Zacks Rank #1 (Strong Buy), SEACOR Holdings carries a Zacks Rank #2 (Buy). Exxon Mobil Corporation, doing business as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas.It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999 by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York). This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. According to reports, Exxon officials have held talks in recent weeks with several Nigerian companies to gauge their interest in the fields. The company is one of the largest oil and gas producers in Nigeria, with 106 operated platforms. All Rights Reserved. Join our effort to solve the world’s toughest energy problem. © Copyright 2003-2020 Exxon Mobil Corporation. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.See Latest Stocks Today >>, CrossAmerica Partners LP (CAPL) - free report >>, SEACOR Holdings, Inc. (CKH) - free report >>, Exxon Mobil Corporation (XOM) - free report >>, Antero Resources Corporation (AR) - free report >>. ExxonMobil developed this system to provide a robust framework for managing safety, security, health and environmental risks. The Nigerian government has in the last decade supported a drive by domestic firms such as Oando Plc, Seplat Petroleum Development Company Plc and Aiteo Group to expand their operations in the country as international companies including Royal Dutch Shell sought to lower their presence due to oil spills resulting from pipeline sabotage. These include oil mining leases 66, 68, 70 and 104. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Zacks Equity Research The Natural Gas Liquids (NLG II) project, which has capacity to contribute 45 KBD of natural gas liquids to our total production, is an expansion of the NNPC/MPN Joint Venture’s successful Oso-NGL project, and involved the engineering, procurement, construction, start-up and commissioning of an offshore NGL extraction platform, undersea pipeline infrastructure and expansion of the JV’s existing onshore fractionation and storage facilities at Bonny River Terminal. ";s:7:"keyword";s:31:"exxonmobil platforms in nigeria";s:5:"links";s:924:"Sarah Eckhardt Wikipedia,
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