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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…
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…
EKEDC, WIEN reach deal on gender diversity
The management of Eko Electricity Distribution Company (EKEDC) has declared strong commitment to the objectives and goals of the Women in Energy Network, the platform hosting female professionals in the Nigerian energy industry. The company stated on Thursday that it…
Mozambique to export first LNG cargoes by November
Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region….
NLNG clarifies that Bonny plant maintains limited operations
Nigeria’s liquefied natural gas export company, the NLNG Limited, has made it clear that whereas flooding and associated feedgas cuts have impacted it operations, the company still processes and exports its products at limited capacity. Spokesman, Mr Andy Odeh, clarified…
High demand buoys diesel prices as Europe’s fuel crisis worsens
Diesel may not be glamorous but it is increasingly prized, with refiners in Asia and the Middle East stepping up shipments of the vital industrial fuel to Europe as the region grapples with a shortage. Exports from Asia swelled to…
Flooding: NLNG battles feedgas cuts, declares force majeure
Sopuruchi Onwuka The Nigerian Liquefied Natural Gas (NLNG) Limited has declared crisis in its operations following the inability of its gas suppliers to the flows. As a result, the Africa’s gas liquefaction and supply factor has declared emergency clause in…
FG’s ‘Decade of Gas’ programme wins AEW award
(From: Justice Derefaka, in Cape Town) The Ministry of Petroleum Resources under the superintendency of the Honorable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva Shines at the African Energy Award Night At the ongoing 2022 edition of…
