Seplat Energy records N140.6bn gross profit in 2023 H1 … Declares US 3 cents Q2 dividend per share Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, announces its unaudited results for the six months ended 30 June 2023, recording a rise in…
NSCDC Parades 12 Suspects with 78,175 Litres of Illegally Refined AGO The Nigeria Security and Civil Defence Corps, NSCDC, has arrested 12 suspects over alleged involvement in vandalism, oil theft and illegal dealings in petroleum products. Rivers State Commandant of NSCDC, Basil Igwebueze, asured that the fight against illegal oil bunkering activities in Rivers State…
Subsidy Removal: Nigerian Youths Hail Kyari’s Transparency Drive, Call for Patience Nigerian youths have commended the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mallam Mele Kyari, for promoting transparency, probity, accountability, and good governance in the Nigerian oil and gas industry vis-à-vis his handling of the recent fuel…
Exxon Posts 56% Profit Slump, Joins Peers in Energy Price Hit Exxon Mobil Corp (XOM.N) on Friday reported a 56% slump in second-quarter profit, missing Wall Street bets and joining rivals hurt by a sharp drop in energy prices and lower fuel margins. Second-quarter results from oil majors have tumbled from huge profits booked a…
Russia Plans to Lower Oil Export Discount to $20/bbl – Finance Minister Russia’s finance ministry plans to cut the discount it uses to set taxes on the country’s crude oil exports to $20 per barrel from $25 currently, Finance Minister Anton Siluanov said in remarks published on Tuesday. Western sanctions over Russia’s invasion of Ukraine,…
IYC Demands End to Gas Flaring, Revamping of Niger Delta Seaports The Ijaw Youth Council IYC says it will no longer condone incessant gas flaring and objectionable practices of international oil companies operating in the Niger Delta region. The apex Ijaw youths’ body has called on President Bola Ahmed Tinubu to revamp seaports in the…
Navy takes Credit for Nigeria’s Rising Oil Output The Nigerian Navy Ship, NNS Pathfinder, says the increased crude oil production in the country was predicated on the onslaught against oil theives and economic saboteurs by the Navy. The outgoing Commander of NNS Pathfinder, Commodore Ibrahim Suleiman, said this during a farewell parade on his honour…
Nigeria’s gas infrastructure would require between $15bn-$20bn- Oando Oando PLC, has called for a collaboration between the private and public sectors in order to unlock Nigeria’s Gas Potential that will guarantee smooth energy transition and sustainable economic development The Deputy Group Chief Executive of Oando Plc, Omamofe Boyo made the call while delivering a thought-provoking…
Ghana National Petroleum Corporation’s (GNPC) to Showcase Approach to Driving Sustainable Progress in Ghana’s Dynamic Energy Sector at African Energy Week (AEW) 2023 …Kwame Baah-Nuakoh, General Manager of Strategy and Investment at the Ghana National Petroleum Corporation, will speak at this year’s edition of the African Energy Week 2023 conference At the forefront of Ghana’s…
CPPE CEO says Reforms to Progress Nigeria’s Oil and Gas Sector above Current N2Trn Value The Chief Executive Officer, CEO of the Center for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf has predicted that the value of Nigeria’s oil and gas industry currently at N12 trillion based on Gross Domestic Product, GDP in…
