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Kayode Tokede Seplat Energy Plc, yesterday said it aimed to deliver $1 billion in shareholder dividends reward over the next four to five years, as the indigenous oil & gas
Workers of Seplat Energy have suspended their strike following renewed negotiations and written assurances on pay-related concerns. The post Seplat workers suspend strike after fre...
Workers of Seplat Energy have commenced an indefinite strike over unresolved welfare issues and stalled negotiations on a new collective bargaining agreement. The post Seplat worke...
• Says it signals investor confidence in Nigeria’s energy sector •Local refineries key to hitting 2m bpd oil output, states PETAN Peter Uzoho in Houston, Texas The Nigerian Upstre...
Further to what was previously communicated, Plenitude and ACEA announce the completion of Plenitude's acquisition of 100% of the share capital of Acea Energia S.p.A. and 50% of th...
The establishment of a centre of excellence in gas development was approved by the Board for the institution in 2024. The post NCDMB, Seplat fine tune plans for take-off of Centre...
• JDA promises investors attractive fiscal terms, seeks consortiums Peter Uzoho As international oil companies (IOCs) pulled back from further oil search in frontier acreage, Niger...
Oil and gas equities led the rally on the Nigerian Exchange after the sector posted a strong 17.6 percent gain, helping lift total market value by about N8.7 trillion in a week of...
Brings DI-3 well onstream under 6 months Emmanuel Addeh in Abuja Within six months of achieving first oil on the Dawes Island Field, indigenous operator Petralon Energy has, thro...
Shares in the company climbed by 9.1 per cent to N47.5 per unit in Lagos but remained unchanged in Johannesburg, after the news went public. The post Oando awaits regulatory approv...
• Raises dividend, buybacks on war-related profits •OPEC launches 2026 statistical bulletin, reports rise in global oil demand, output Emmanuel Addeh in Abuja TotalEnergies has b...
YUCHENGCO-LED PetroEnergy Resources Corp. (PERC) said it expects to complete its drilling campaign in offshore Gabon, West Africa, later this year, aiming to increase oil field pro...
The projects include a 12-classroom block in Agbonchia community, Eleme Local Government Area of Rivers State; a 200-capacity town hall in Akpajo community, and ICT upgrades, back-...
• Appoints IBTC Capital, Vetiva Advisory, FirstCap as advisers •NUPRC moves to ensure standardisation in upstream emission inventories Emmanuel Addeh in Abuja and Kayode Tokede Al...
* Targets 250,000bpd oil output in five years * To start with $1bn Usan infill drilling programme in months * Says Owowo asset to deliver 100,000bpd crude, 100mmscf/d gas output ...
Sunday Okobi Platform Petroleum Limited has inaugurated the O.B. Lulu-Briggs ICT Centre for Digital Innovations in Obonoma, Akuku-Toru Local Government Area of Rivers State, in a l...
Sunday Ehigiator A Nigerian energy and climate-tech startup, PowerLabs, has announced the successful close of its pre-seed funding round led by Breega, with participation from Cata...
Peter Uzoho Nigeria can arrest oil production decline and lift reserves by adopting modern Controlled Source Electromagnetic (CSEM) technology to de-risk deepwater exploration, Gl...
• At $6.9bn, Shell beats profit expectations, raises dividend by 5% Emmanuel Addeh in Abuja and Blessing Ibunge in Port Harcourt Renaissance Africa Energy Company, operator of the...
Shell plc (SHEL), along with other large integrated oil companies, have benefited from higher oil prices and should warrant investor attention.
• To make available 11.2 million standard cubic feet of gas per day Emmanuel Addeh in Abuja Oando Plc yesterday announced that its upstream Joint Venture (JV) with NNPC E&P
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