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Samsung appoints family heir, Lee Jae- yong, Exec Chairman
Jae-yong comes with embezzlement saga South Korean electronics giant Samsung has appointed an influential member of the founding family, Lee Jae-yong, its executive chairman. With the appointment, the world’s biggest smart phone maker will now be officially run by the…
Wabote charges oil firms on diversification, energy transition
Commissions GIL Automation’s factory The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Thursday in Lagos performed the commissioning of GIL Automations’ cable tray and switchgear factory and the opening of its…
World Bank projects 11% energy price fall in 2023
The World Bank has projected energy prices decline of 11 percent in 2023 a 60 percent surge on Russia’s invasion of Ukraine. The multilateral lender also warns that the price decline could be steeper on slower global growth and COVID…
Savannah Energy’s Accugas wins CIPM HR Best Practice Award
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that the Company’s 80 percent indirectly owned subsidiary, Accugas Limited, has won the Human Resources (“HR”) Best Practice…
Seplat still optimistic on Mobil acquisition
Indigenous energy multinational, Seplat energy Plc, has assured stakeholders that its Sales & Purchase Agreement (SPA) signed on 25 February 2022 to acquire Exxon’s shallow water operations in Nigeria, MPNU, remains valid. The company stated in its quarterly operations briefing…
Seplat declares N258.7 bn Q3 revenue, N118.5 bn profit
Sopuruchi Onwuka Indigenous upstream poster child, Seplat Energy Plc, lives up to its performance reputation with impressive third quarter financials that project massive jumps in operating income, associated margins and rewards to investors. The company which has remained vehement with…
AIICO attacks breast cancer with 30 treatments, 100 tests
Sopuruchi Onwuka Frontline insurance services provider in Nigeria, AIICO Plc, has declared sponsorship of breast cancer treatment for 30 patients in the country, adding that it is also driving preventive mammogram test for over 100 women in the country. The…
Europe solidifies decision to ban new combustion cars by 2035
The threat to sustainable oil demand is increasing in Europe where the regional economic bloc has decided in concrete terms to end use of petrol for vehicular transportation in the next 13 years in line with already running emission reduction…
NLNG calls for more investment to ensure reliable LPG supply
Nigeria LNG Limited (NLNG) has called on stakeholders in the domestic Liquified Petroleum Gas (LPG) value chain to invest in the supply of the product to ensure a reliable and steady stream of supply to the market. Marking 15 years…
OTL: Import based fuel supply hampers African economy
The inability of African countries to develop commensurate refining capacity to meet internal fuel consumption is responsible for the myriad of economic woes associated with reliance of mass importation of petroleum products. Women in Energy Network and other industry groups…
