ExxonMobil earnings rises 50% to $4bn on solid business performance

The oil giant, Exxon Mobil Corporation, has announced an estimated third quarter 2017 earnings of $4 billion, or $0.93 per diluted share, compared with $2.7 billion a year earlier as commodity prices improved and performance in the Upstream and Downstream strengthened. Impacts related to Hurricane Harvey reduced earnings by an estimated 4 cents per share. According to the…

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OGCI announces three investments in low emissions technologies, launches third annual report

The Oil and Gas Climate Initiative (OGCI) has announced its first three investments, moving forward the organization’s commitments into concrete action to spur the growth of promising low carbon technologies.  Chief Executive Officers from OGCI’s member companies and the CEO of its investment arm, OGCI Climate Investments, are meeting in London to share key outcomes…

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Baru tasks engineers on economic diversificationBags NiMechE Fellowship 

By Oke Peter The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, has charged engineering practitioners in the country to provide viable solutions towards fast-tracking Nigeria’s quest to diversify the economy.  Dr. Baru gave the charge while speaking at the 30th Conference and Annual General Meeting of the Nigerian Institution…

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