Chad’s parliament on Wednesday approved a bill to nationalise oil assets and rights acquired last year by Savannah Energy (SAVES.L) from ExxonMobil’s (XOM.N) affiliate, Esso Exploration and Production Chad.
Africa-focused British independent energy company, Savannah Energy acquires oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon.
Exxon has now announced that it has, together with its partners, discovered hydrocarbons in Block 15 off Angola in the Bavuca South prospect.
The U.S. Fifth Circuit Court of Appeals in New Orleans on Tuesday upheld a US $14.25 million judgment against Exxon Mobil Corp for pollution from its Baytown, Texas, refining and petrochemical complex.
Shell Plc, ExxonMobil Corporation, Chevron Corporation, and Equinor ASA have said they will withdraw their lawsuits of about $3 billion, against the Nigerian National Petroleum Company (NNPC) Limited.