Tag: ExxonMobil
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Oil production in Guyana generates $6 billion in gains for the ExxonMobil alliance
The ExxonMobil-led consortium generated US$5.8 billion in profits in 2022 from oil production in Guyana. The disclosure of the profits of the alliance – which includes Exxon Mobil, Hess and Sinooc – came in light of the legal dispute over the breach of insurance obligations against oil spill risks. It is also the first disclosure…
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Savannah Energy and ExxonMobil cause a diplomatic crisis between Chad and Cameroon
The British company Savannah Energy and the American Exxon Mobil caused a diplomatic crisis between Chad and Cameroon, due to a controversial acquisition deal between the companies and officials of the two countries. And the Chadian government announced the recall of its ambassador to Cameroon, claiming that officials from the neighboring country interfered in its…
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ExxonMobil renews its desire to sell its Nigerian assets with presidential changes
The American ExxonMobil Corporation has renewed its ambition to sell its assets in shallow Nigerian waters, after the results of the presidential elections – a few days ago – resulted in Paula Tinubu winning power, succeeding outgoing President Muhammadu Buhari, who had previously retracted his approval of the sale. And it seems that the practices…
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Fuel prices in Italy raise accusations of “violations” by Eni and ExxonMobil
Alleged violations of fuel prices in Italy have put Eni and ExxonMobil in the crosshairs, amid a steady rise in prices. Today, Monday, January 16, 2023, the Italian antitrust authority said that the offices of several oil companies, including Italy’s Eni and ExxonMobil’s Eso Italiana unit, were searched over alleged fuel price violations, according to…
