Oil & Gas

UPDATE : SEPLAT continues search for 3 missing persons in rig incident By Eyo Nsima Seplat Energy Plc, a leading indigenous Nigerian energy company, said the search for three missing persons continues in the Niger Delta. In a statement obtained by The Daily, www.thedaily-ng.com, Seplat Energy maintained that, “The Majestic rig is owned by Depthwize Nigeria […]

UPSTREAM: Seplat records incident on Majestic rig near Ovhor in Nigeria By Eyo Nsima Seplat Energy has recorded a serious incident on the Depthwise swamp drilling rig “Majestic” in the early hours of this morning. The company that confirmed the incident in a statement obtained by The Daily, www.thedaily-ng.com, stated: “Seplat as the operator of the

Energy Transition: NUPRC Stresses Need For African Oil & Gas Market Integration The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has stressed the importance of African market integration and evolving innovative measures to mitigate the confounding effect of the global energy transition drive. Chief executive of NUPRC, Gbenga Komolafe, speaking during the Energy Year Nigeria 2023

Seplat Energy’s gas revenue grows to $63.7 million year-on-year     Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022).   This growth is attributed to

Wabote Advocates Corporate Governance for Indigenous Oil Firms, lauds Aradel Holdings   Indigenous oil and gas companies must instil principles of corporate governance in their operations if they are to grow and achieve sustainability, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has said.   Speaking virtually on Friday at the

OIL MARKET: Prices leap toward $90 per barrel on Saudi Arabia supply cut By Eyo Nsima   Crude oil prices continued to leap toward $90 per barrel in early August 2023, from about $80 recorded in June 2023, due mainly on account of Saudi Arabia’s supply cut. Specifically, the prices of Brent, OPEC Basket and