Africa has abundant gas reserves, and these rich reserves offer immediate solutions to the continent’s immediate and prevailing challenges if well leveraged. The Chief Executive Officer, Seplat energy Plc, Mr. Roger Brown, said this during the ongoing Africa Oil Week (AOW) Conference and Exhibition in Cape Town, South Africa. […]
Category: Oil and Gas
Oil and Gas
Oando Links Delay In Completion Of 2023 Financial Audit To Acquisition of NAOC
Oando Plc has attributed the further delay in the completion of its 2023 financial audit to the recent acquisition of Nigerian Agip Oil Company (NAOC) which was completed on August 22, 2024. According the notice to the Nigerian Exchange Limited, the company noted that the auditors are required to […]
DG Budget Office, Tanimu Yakubu resigns as Non-Excutive Director form Oando Plc
Oando Plc has announced the resignation of Mr. Tanimu Yakubu as Non-Executive Director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited. The resignation according the statement was to enable him to undertake a national assignment with the Federal Government of Nigeria. […]
OPEC Says Dangote Refinery’s Diesel, Jet Fuel Supplies To Disrupt Europe’s Oil & Gas Industry
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC in its newly released monthly Oil Market Report for June 2024 listed Dangote Refinery […]
Eterna Plc appoints Okechukwu Ashiegbu as Chief Operating Officer …. Bunmi Agagu-Adu as executive directors
The Board of Eterna Plc has appointed Mr. Okechukwu Ashiegbu as Executive Director/Chief Operating Officer and Mrs. Bunmi Agagu-Adu as Executive Director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX). According to the statement, the appointments are subject to approval/ratification by the […]
NUPRC announces reopening of 2022/23 bids, adds 17 new blocks for 2024
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reopened the 2022/23 mini-bid round and extended deadlines for the 2024 licencing round, with new attractive fiscal terms approved by President Bola Tinubu. This was stated in the NUPRC’s update and clarity on the 2022/2023 and 2024 licencing rounds seen by newsmen […]
MRS Oil Sets N135 Per Share As Exit Consideration For Delisting
The Board of MRS Oil Nigeria Plc has said that as part of exit consideration from the Nigerian Exchange Limited (NGX), it will pay dissenting shareholders N135.00 per ordinary share of 50 kobo each. The Board stated this in its updated explanatory circular on the proposed voluntary delisting of issued […]