Tinubu Names New Management Team for Federal Government Power Company President Bola Tinubu has given his approval for the appointment of fresh members to the Federal Government Power Company Limited. Among the newly appointed members are Kenny Osebi Anuwe and Prof Mamman Lawal, who will continue in their roles as Managing Director/Chief Executive Officer (CEO)…
How Africa can unlock energy potential for development – Shell African can unlock the potential of the energy sector and drive energy security, transition and economic prosperity by embracing partnerships, technological innovation and sustainable financing, Shell has said. Speaking at a ministerial panel session on “Navigating the new energy world order: Security, Transition and Finance” at…
Power Minister Calls for State Involvement in Electricity Distribution Nigeria’s Power Minister, Adebayo Adelabu, urged state governments to participate more actively in improving the country’s electricity supply. He made this call at a forum with energy commissioners from various states. Key Points: State Involvement: Adelabu believes states, which already own 40% of shares in electricity Distribution…
Seplat Energy Reports Strong 2023 Performance and Positive Outlook for 2024 Financial Highlights: Revenue increased 12% to $1.06 billion from $951.8 million in 2022. Gross profit rose 14.5% to N349.3 billion from N197.2 billion. Production averaged 47,758 boepd, up 8% from 2022, and within guidance. Year-end cash at bank strengthened to $450 million. Net debt…
Seplat Energy Appoints Udoma Udo Udoma as Independent Non-Executive Chairman, Bello Rabiu as Senior Independent Non-Executive Director Seplat Energy, a prominent Nigerian energy firm listed on both the Nigerian Exchange Limited and the London Stock Exchange, has named Mr. Udoma Udo Udoma as its new Independent Non-Executive Chairman, succeeding Mr. Basil Omiyi, who will retire on March…
NNPC Urges Collaborative “War Room” to Address Challenges of Independent Oil Producers The Nigerian National Petroleum Company (NNPC) is calling for deeper collaboration among oil and gas companies, particularly independent producers, to tackle issues hindering the development of divested assets in the country. Mrs. Oritsemeyiwa Eyesan, NNPC’s Executive Vice President of Upstream, made this statement…
NIMASA Donates Ultra-Modern Maritime Training Facility to University of Port Harcourt The Nigerian Maritime Administration and Safety Agency (NIMASA) recently handed over a state-of-the-art building housing the Institute of Marine and Transport Technology to the University of Port Harcourt (UNIPORT) in Rivers State. This donation, initiated by previous NIMASA leadership, was completed under the current…
Heritage Energy Pushes for High-Quality R&D to Ensure Sustainable Future for African Oil & Gas Ado Oseragbaje, CEO of Heritage Energy, called for increased investment in high-quality research and development (R&D) to ensure the long-term sustainability of the African oil and gas industry. Oseragbaje made this statement during a panel discussion on “African Content &…
Minister Inaugurates NCDMB Governing Council The Nigerian Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, inaugurated the 4th Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) on Thursday. The NCDMB Council, established under the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, plays a crucial role in promoting local…
Chevron Nigeria Clinches Sustainable Energy Business Award at NIES 2024 Abuja, Nigeria – Chevron Nigeria Limited (CNL), operator of the NNPC/CNL joint venture, secured the coveted “Sustainable Energy Business Award” at the 7th Nigeria International Energy Summit (NIES) on February 27, 2024. Presented by the Minister for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, the award…
