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Tag: Exxon Mobil

ExxonMobil director Udom Inoyo retires from service

ExxonMobil director Udom Inoyo retires from service

Business
ExxonMobil affiliate companies in Nigeria have announced the retirement from the Company of Udom Uko Inoyo, Vice Chairman & Management External Advisor, Upstream Nigeria, after more than 30 years of meritorious service, effective May 1, 2020. Announcing the retirement in a statement, the Chairman/Managing Director of ExxonMobil Companies in Nigeria, Paul McGrath, said Inoyo’s career with Mobil Producing Nigeria began in 1989, in the HR Administration department, and progressed through a number of Human Resources positions.  These include successful assignments in Mobil Exploration and Production, U.S.; ExxonMobil Inter-America, Coral Gables, Florida, and the Houston, Texas office, where he participated in a staffing study for Africa operations. Thereafter, he undertook supe...
Why oil market uncertainties, COVID-19 will stall projects

Why oil market uncertainties, COVID-19 will stall projects

Oil & Gas
The outbreak of coronavirus and glut in the oil sector will drastically affect the nation’s oil industry, especially projected which are expected to take place this year, the Chairman, International Energy Services (IES) Ltd., Diran Fawibe has said. Indeed, while the newly sanctioned train seven of the Nigerian LNG is expected to commence with construction work towards third quarter of 2020, Fawibe noted that the current financial crisis in the sector and across the world could delay the project. Speaking with The Guardian on the implications of the current development, Fawibe stated that the industry has been impeded both locally and internationally. Already, the Director/CEO of the Department of Petroleum Resources, Sarki Auwalu, stated that conducting bid rounds for marginal f...