Oil & Gas

11 Plc shareholders approve N3, 060,059,719Bn dividend payout

11 Plc shareholders approve N3, 060,059,719Bn dividend payout Shareholders of 11 Plc, a foremost downstream Oil and Gas Company have approved the dividend payout of N3, 060,059.00 for the 2020 financial year. The approval was given at the 43rd Annual General Meeting of the company held at Nasarawa Hall of Transcorp Hilton, Abua The company assured the shareholders of its […]

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Seplat’s $318m cash generation, huge capital investment drive shareholders’ fortune

Seplat’s $318m cash generation, huge capital investment drive shareholders’ fortune ● Paid $344 million dividend to shareholders since 2014 Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), held its hybrid 8th Annual General Meeting (AGM) with shareholders, auditors, regulators, company

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Petroleum Industry, beginning of a new era in Nigeria ---PPPRA

No petrol price increase in June — Minister

By Eyo Nsima The Federal Government has disclosed that it would not increase the price of Premium Motor Spirit, PMS, in June 2021. The Nigeria Governors’ Forum, had previously in their virtual meeting, considered the report of a committee headed by Kaduna State Governor, Mallam Nasir el-Rufai, and accepted its recommendation backing full deregulation of

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NLNG reiterates commitment to delivering Train 7 benefits to Nigerians

NLNG signs GMoU to drive sustainable community development in Rivers State

Nigeria LNG Limited (NLNG) has signed Global Memoranda of Understanding (GMoU) with host communities that enable the communities to take ownership and drive sustainable community development with the active support of NLNG. The Company, today in Port Harcourt, announced the first phase of the new agreements with the community stakeholders, comprising Ogbum-nu-Abali, Ubeta and Rumuji

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NNPC Spokesman, Obateru, bags NIPR Fellowship

The Nigerian Institute of Public Relations, (NIPR) on Thursday in Bauchi at its Annual General Meeting, conferred the prestigious Fellowship Award on Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation. Obateru, a self-driven and an amiable PR practitioner, joined the NNPC in 1992 as an experienced hire.

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NNPC commends Sahara Group on transformation at Egbin Power

Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari has said the ongoing transformation of Africa’s largest thermal plant, Egbin Power Plc is indicative of the quality of expertise and huge investment injected into the plant since its take-over by Sahara Group. “It’s an immense privilege to be here and see the progress at

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NLNG signs MoU with USAID to eliminate malaria in Bonny

NLNG signs MoU with USAID to eliminate malaria in Bonny   Nigeria LNG Limited (NLNG) today signed a five-year Memorandum of Understanding (MoU) with the U.S. Agency For International Development (USAID) to make Bonny Island, its operational base, malaria-free. The MoU was signed by NLNG’s Managing Director/Chief Executive Officer, Engr. Tony Attah on behalf of

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INDIA: Total seals 5-Year Supply Agreement with ArcelorMittal Nippon Steel

INDIA: Total seals 5-Year Supply Agreement with ArcelorMittal Nippon Steel   Total and ArcelorMittal Nippon Steel  (AMNS) have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas (LNG) per year until 2026. The LNG will be sourced from Total’s global portfolio and offloaded either in Dahej or Hazira LNG

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

Bank of Central African States, African Energy Chamber to work together on solution for FOREX regulation for energy industry

The African Energy Chamber (AEC), recently held a meeting with the Central Bank of Central African States (BEAC) to discuss the effects of BEAC’s in December 2018 adopted FX regulations, which are due to come into effect on the 1 January 2022. The meeting was in response to concerns by energy companies operating in the

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ANGOLA: Total  begins production from Zinia phase 2, developing Block 17

Total’s Mozambique LNG Project to take center stage at the France Africa Economic summit

As French and African leaders gather on May 18 in Paris for the France-Africa Summit, Mozambican leaders and Total have a brilliant opportunity to push for the resumption of LNG projects in Mozambique and get things going. Even if exploitation of natural resources is not particularly on the Summit’s agenda, there will be no better

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