Oil & Gas

UPDATE 2: SEPLAT continues search for 3 missing persons in rig incident

UPDATE: SEPLAT continues search for 3 missing persons in rig incident

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 […]

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 OPEC’s Director of the Research Division Dr. Ayed Al-Qahtani to lead will discussions at AEW 2023

OPEC’s Director of the Research Division Dr. Ayed Al-Qahtani to lead will discussions at AEW 2023

 OPEC’s Director of the Research Division Dr. Ayed Al-Qahtani to lead will discussions at AEW 2023 OPEC’s Director of the Research Division Dr. Ayed Al-Qahtani will lead discussions around the global oil outlook and the role African producers play in stabilizing the market during African Energy Week in Cape Town. Africa’s vast crude oil reserves,

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UPSTREAM: Seplat records incident on Majestic rig near Ovhor in Nigeria

UPSTREAM: Seplat records incident on Majestic rig near Ovhor in 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

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MARITIME ACCIDENT: Titan upgrades vessels into advanced LNG bunkering fleet

MARITIME ACCIDENT: Titan upgrades vessels into advanced LNG bunkering fleet

MARITIME ACCIDENT: Titan upgrades vessels into advanced LNG bunkering fleet   By Our Correspondent The Dutch-based bunker supplier, Titan, has successfully completed the conversion of its newly acquired vessels – the TITAN UNIKUM and the TITAN VISION – according to FleetMon. It stated: “These vessels underwent a transformation into state-of-the-art bunker vessels. Titan procured these

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Atlas Oranto Pioneers African Energy Security

Atlas Oranto Pioneers African Energy Security as Diamond Sponsor at African Energy Week 

  Atlas Oranto Pioneers African Energy Security as Diamond Sponsor at African Energy Week   Atlas Oranto, Nigeria’s largest privately-held and Africa-focused exploration and production company, has joined the African Energy Week (AEW) conference – scheduled for October 16–20 in Cape Town – as a diamond sponsor. With an extensive presence across the African continent

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Nigeria’s oil output rises 13% to 1.7m bpd as NUPRC initiatives yield fruits

Energy Transition: NUPRC Stresses Need For African Oil & Gas Market Integration

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

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Seplat Energy’s gas revenue grows to $63.7 million year-on-year

Seplat Energy’s gas revenue grows to $63.7 million year-on-year

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

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Chevron Nigeria Limited Onboards Agbonu Ogulagha-Ibe Host Community Development Trust

Chevron Nigeria Limited Onboards Agbonu Ogulagha-Ibe Host Community Development Trust 

Chevron Nigeria Limited Onboards Agbonu Ogulagha-Ibe Host Community Development Trust    Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL, (“NNPCL/CNL JV”), has successfully completed an onboarding workshop for members of the Board of Trustees (“BOT”), Management Committee (“MC”) and Advisory Committee (“AC”) of the

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Wabote Advocates Corporate Governance for Indigenous Oil Firms, lauds Aradel Holdings

Wabote Advocates Corporate Governance for Indigenous Oil Firms, lauds Aradel Holdings

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

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OIL MARKET: Prices leap toward $90 per barrel on Saudi Arabia supply cut

OIL MARKET: Prices leap toward $90 per barrel on Saudi Arabia supply cut

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

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