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Seplat Energy grows Q1 revenue to N152bn
Nigeria’s leading independent energy company, Seplat Energy Plc, has announced its unaudited results for the three months (Q1) ended 31 March 2023, posting a strong financial performance that shows the company’s profit before tax rising by 3.2 per cent to…
Oando, LAMATA deliver electric mass transit buses
Oando Clean Energy Limited (OCEL) has declared delivery of the electric buses to pioneer low emission and sustainable energy transportation in Lagos State. General Manager in charge of Business Support Group at Oando, Alero Balogun, stated in a media release…
Wabote sells funding, partnership strategy to NDDC
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has advised the Niger Delta Development Commission (NDDC) to enthrone internal management system that would dismantle impediments to private sector funding. Executive Secretary, Engr Simbi Wabote, declared at the NDDC…
NNPC, Golar sign FLNG deal
The Nigerian National Petroleum Company (NNPC) Limited has announced a deal with swith Golar LNG of Norway to build a floating liquefied natural gas plant in the country. An agreement was reached on the project and signed by the Group…
Iran seizes Chevron chartered oil tanker
Iranian Navy on Thursday arrested and detained an ocean going tanker chartered by Chevron Corporation and sailing from Kuwait to Houston, United States. According to a story broken by Reuters news service quoting the U.S. Navy, the Marshall Islands-flagged oil…
Petroleum industry recognizes excellence at NIES 2023
Shell, TechnoOil, Schlumberger, others bag awards The Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies have emerged winners at 6th edition Nigeria International Energy Summit (NIES 2023) Industry Awards. The…
NCDMB challenges Orbit to upgrade galvanizing plant
Sopuruchi Onwuka Federal government has challenged the Orbit Galvanized Steel Industries Limited to work assiduously on getting the relevant certifications and meeting the regulatory standards of the oil and gas industry. Executive Secretary of the Nigerian Content Development and Monitoring…
Stalled divestments take toll on oil industry investments
Production decline worsens Sopuruchi Onwuka Waning investment appetite in operated shallow oilfields onshore and shallow offshore Niger Delta has become a confirmed signal that the operators of the joint ventures have switched off their neuro-motors from the assets. And government’s…
Russia’s Putin confiscates assets of Fortum, Uniper
President Vladimir Putin signed a decree establishing temporary control of assets belonging to Finland’s Fortum, and its former German subsidiary Uniper. The move will add to confusion over the fate of other western firms in Russia amid plans for more…
Seplat declares commitment to Nigeria’s ‘Decade of Gas’
Earns NIES gas business awards Nigeria’s leading independent energy company, Seplat Energy Plc, says its commitment to the Federal Government’s Decade of Gas position remains firm and unwavering. The energy company said it will continue to develop Nigeria’s gas resources…
