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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…
Seplat Energy’s transition priorities excite global stakeholders 
Gas monetization, ending flares, others top agenda Seplat Energy Plc, leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, says that its energy transition priorities remain to end flaring, monetise gas, displace diesel and biomass with cleaner fuel, extend…
ExxonMobil-Seplat Deal: When regulator overrides the minister
Sopuruchi Onwuka The sturdy grip of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on the moves by the American multinational petroleum giant, ExxonMobil, to divest its Nigerian affiliate to indigenous independent energy firm, Seplat Energy Plc, has thrown up the…
Seplat cleared for $1.6 bn MPNU acquisition
Sopuruchi Onwuka Indigenous energy independent multinational, Seplat Energy Plc, is finally on its way to become a major player in the Nigerian petroleum industry following eventual ministerial approval for the company to proceed with acquisition of a local upstream affiliate…
Seplat Energy commits to right energy mix for Nigeria
Flows production into Amukpe conduit Indigenous energy company, Seplat Energy Plc has said its greatest business opportunity ahead of it is to supply the right mix of energy to support Nigeria’s growth. The declaration came moments after the company commenced…
Divestment presents opportunity for indigenous capacity growth -– Seplat
In this era of divestments by the International Oil companies (IOCs) from Nigeria, indigenous energy companies with the right competences and wherewithal are natural partners to government in the quest to harness oil and gas assets, the Chief Executive Officer,…
Seplat, others to lead in meeting domestic energy demand
Leading Nigerian independent energy company, Seplat Energy Plc, and other in African energy producers are projected to drive business growth with the rising Africa’s energy demand in the decade. Global management consulting firm, Mackinsey & Company, declared at the Seplat…
MPN divestment: Why NNPC shook the table
Sopuruchi Onwuka Inability of the highly anticipated acquisition of Mobil Producing Nigeria (MPN) Unlimited by leading indigenous independent firm, Seplat Energy Plc, to scale initial ministerial assent amplifies the new hard-line position of the Nigerian National Petroleum Company (NNPC) Limited…
Basil Omiyi becomes Seplat’s Chairman
Seplat Energy PLC, a leading Nigerian energy company dual listed on both the Nigerian and the London Stock Exchanges, is pleased to announce that Mr. Basil Omiyi, CON, has been appointed as the Company’s new Independent Non-Executive Chairman, effective immediately….
