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Seplat Energy records N140.6bn gross profit in 2023 H1
Nigerian independent energy company, Seplat Energy Plc, has posted impressive to N278.3 billion in unaudited half year result for the year, adding that gross profit for the period rose to N140.6 billion. According to Seplat which is listed on both…
NNPC boosts federation account with N123 bln
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared remittance of N123 billion to the federation account, enabling the three tiers of government to share N907.054 billion to meet state obligations to citizens in June. NNPC Chief Financial…
India partners Nigeria on energy transition
The India High Commission in Nigeria has assured of his country’s preparedness to collaborate with the Nigeria energy sector in ensuring its smooth energy transition agenda. India High Commissioner to Nigeria, His excellency Shri G. Balasubramanian stated this while on…
New facts emerge on NNPC operations, record profit claim confirmed
Fresh facts emerging from the operations of the NNPC Ltd. have provided new insight into the activities of the company, affirming that the firm actually made a whopping profit of N674.1 billion in 2021.The latest facts appear to contradict some…
Seplat cites operating terms, domgas pricing as investment baits
Sopuruchi Onwuka Nigeria must offer attractive operating terms and reform the domestic gas market in order to attracts the required level of commercial investments in revving up activity and delivering prime economic aspirations in the petroleum industry. Managing Director of…
NCDMB to domicile production of equipment parts, industry chemicals
Sopuruchi Onwuka Local productivity promoter in the Nigerian petroleum industry, The Nigerian Content Development and Monitoring Board (NCDMB) is working to build domestic capacity for production of facility components necessary for timely and efficient operations and maintenance activities in the…
Go to Italy, grope a woman, but make it quick
Perverts who run the risk of going to jail for groping women can now grab a ticket to Italy where they can now touch each woman quite briefly at a time. They won’t go to jail but must also contend…
Ship burning: Oil industry outraged at NNPC
Holab shutters website erases online data Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has been denounced for its hasty destruction of a vessel caught with crude oil cargo suspected to be stolen from some of the country’s production sites…
Ministerial list: Avuru dispels rumours of his appointment as Petroleum Minister
Sopuruchi Onwuka The jubilation in the Nigerian petroleum industry over news of new political appointees in the new administration of the federal government sank into sober quietude when eminent industry persona, Mr Austin Avuru, declared that he could not confirm…
NCDMB, NLNG activate E-Marketplace for business opportunities
Affirms Board’s mandate to support local companies Capacity growth driver in the domestic petroleum industry, the Nigerian Content Development and Monitoring Board (NCDMB) has launched the business opportunity dashboard for all qualified players in the sector. Executive Secretary, Engr. Simbi…
