Oil & Gas

By Eyo Nsima Contrary to its former plan to end fuel subsidy in June 2023, the Federal Government of Nigeria said it has agreed that petrol subsidy should not be removed. Speaking at the end of the National Economic Council meeting in Abuja, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said: […]

By Eyo Nsima Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has increased its unaudited results for the three months ended 31 March 2023, profit before tax by 3.2 per cent to N39.5 billion, from N34.7 billion year-on-year, YoY. The company also

Joint IEA-IEF-OPEC Workshop: High-level experts meet on the Interactions between Physical and Financial Energy Markets By Eyo Nsima The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) held the 9th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets. The high-level meeting

Slated for Day Three of our #NigerianPavilion programme at the Offshore Technology Conference #otc2023, the African Technical Workshop sessions are two. The first which comprise of National Oil Companies, Regulators and Independent Oil Companies in Africa is themed ‘AfCFTA Implementation: Assessing Progress and Impact in the African Oil and Gas Industry’, and will be moderated

The Petroleum Technology Association of Nigeria (PETAN) has concluded plans to host the Sub-Saharan Africa International Petroleum Exhibition and Conference at this year’s edition of the Offshore Technology Conference (OTC) from 1- 4 May 2023 in Houston, Texas. As part of the line-up of activities themed; ‘Energy Transition and AfCFTA: Key Reforms for Sustainable Development

By Eyo Nsima The Board of Directors meeting on April 26, 2023 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of a first interim dividend of 0.74 €/share for fiscal year 2023, an increase of 7.25% compared to the three interim dividends paid for fiscal year 2022 and

Axxela Limited, sub-Saharan Africa’s leading gas & power company, has received an industry award as the ‘Nigerian Domestic Gas’ ambassador in recognition of its strong commitment and support for the advancement of the natural gas sector from the Nigerian Gas Association (NGA). The awards gala, a part of the association’s 13th Biennial International Conference and