August 23, 2026
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Oil & Gas

Seplat grows half year profit before deferred tax by 142.7%

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…declares interim dividend of 2.5 cents per share Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenue went up 32percent to $308.8 million in H1’21, from $233.5million in […]

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BREAKING: NNPC seeks support to tackle oil theft in Nigeria

NNPC, Partners to rake in over $760million Revenue from OML 130 Gas Supply Agreements

Leave a Comment / NNPC News, Oil & Gas /

The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are set to earn over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed Thursday at the NNPC Towers. The agreements which are part of

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Shell unveils first female Managing Director for deep-water Nigeria

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World energy giant, Shell, has named Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCo) with effect from 1st August 2021. Elohor is the first female to lead a Shell exploration company in the over 60 years of Shell’s operations in Nigeria. She succeeds Bayo

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TotalEnergies denounces dissemination by Greenpeace of false and misleading information on greenhouse gas emissions

Suriname: TotalEnergies records oil find in offshore Block 58

Leave a Comment / INTERNATIONAL, Oil & Gas /

TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a water depth of about 850 meters. Sapakara

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Kyari Commends President Buhari’s Non-Interference in NNPC

Kyari assures AKK Gas Pipeline Project ‘ll be delivered on schedule, create prosperity

Leave a Comment / NNPC News, Oil & Gas /

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would be delivered on schedule, create prosperity through massive job opportunities and guarantee peace for the country. A statement by the Group General Manager, Group Public Affairs Division of the

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COUNTDOWN: 131 Days After U.S.-Iran War, Geopolitical Risks Keep Brent Crude Near $80

How COVID 19 raked havoc on global oil market in 2020 — OPEC

Leave a Comment / INTERNATIONAL, Oil & Gas, OPEC /

By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has disclosed that the outbreak of Coronavirus pandemic, culminated in the collapse of the global oil market in 2020. In his foreword to the organisation’s 2020 Annual Report, Secretary General, Dr. Mohammad Barkindo, said: “The year 2020 was like no other in living history. Not

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COUNTDOWN: 131 Days After U.S.-Iran War, Geopolitical Risks Keep Brent Crude Near $80

FG slashes Gas to Power price to $2.18

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By Eyo Nsima President Muhammadu Buhari, Thursday, said the Fedral Government, has slashed Gas to Power price to $2.18 from $2.50. President, who disclosed this while declaring open the 2021 Gas Sector Stakeholders (Ajaokuta-Kaduna-Kano, AKK Gas Pipeline Project) Forum held in Kano, said the reduction have been communicated to the relevant stakeholders for compliance Buhari,

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SPACES FOR CHANGE CONGRATULATES NIGERIA FOR EXITING FATF’S GREY LIST

S4C presents ‘Natural Resource and Benefit Sharing Negotiations between Host Communities & Extractive Companies: A Case Study of Assa North and Ohaji South Gas Development Project’

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By Victoria Ibezim-Ohaeri SPACES FOR CHANGE | S4C, with support from the Ford Foundation, has shared its investigative report: NATURAL RESOURCE AND BENEFIT-SHARING NEGOTIATIONS BETWEEN HOST COMMUNITIES AND EXTRACTIVE COMPANIES: A CASE STUDY OF ASSA NORTH AND OHAJI SOUTH [ANOH] GAS DEVELOPMENT PROJECT. This report is based on the findings of fact-finding missions and townhalls

S4C presents ‘Natural Resource and Benefit Sharing Negotiations between Host Communities & Extractive Companies: A Case Study of Assa North and Ohaji South Gas Development Project’ Read More »

Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

AUTOGAS: Lafarge Africa introduces natural gas-powered trucks in Nigeria

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By Eyo Nsima Lafarge Africa Plc has launched reaffirmed a new set of 52 natural gas (LNG) fueled trucks, targeted at promoting clean energy and environment in Nigeria. Speaking at the launch of the trucks at Lafarge’s Ewekoro plant, Mr. Khaled El Dokani, Country Chief Executive Officer, Lafarge Africa Plc, stated that Lafarge Africa is

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TotalEnergies denounces dissemination by Greenpeace of false and misleading information on greenhouse gas emissions

Singapore: TotalEnergies acquires the Largest Electric Vehicle Charge Points Network

Leave a Comment / Oil & Gas, Total News /

Singapore: TotalEnergies acquires the Largest Electric Vehicle Charge Points Network   TotalEnergies has signed with Bolloré Group for the acquisition of ‘Blue Charge’. Upon the approval of the relevant authorities, TotalEnergies will manage and operate the largest electric vehicle charging network in Singapore, with more than 1,500 charge points installed in the city-state. This urban

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