ExxonMobil reported a drop in second-quarter profits today as the hit from lower crude prices more than offset a boost from higher oil and gas production. The petroleum giant reported profits of $7.1 billion, down 23.4 per cent from the year-ago period, reports Channels TV. Crude prices were under $65 a barrel, more than $10 […]
The federal government, yesterday, insisted that there is a need to bring on stream the controversial Oil Prospecting Licence (OPL) 245, adding that the 28 years of legal battle over the lucrative asset must end. The $1.3 billion sale divestment of ExxonMobil asset to Seplat is also 98 per cent completed, and would be finalised […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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