Seplat Energy Plc, a leading Nigerian independent energy company, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as winner of the award at the 18th edition of the SERAS Africa held at the Oriental […]
Category: Power
Power
Oriental Energy Conduct Naming Ceremony For Okwok Field FPSO
Oriental Energy Resources (OERL) announces the naming of the EMEM Floating Production Storage and Offloading Vessel (FPSO) at the Dry Docks World Dubai Shipyard in the United Arab Emirates. The naming ceremony was attended by His Excellency Vice President Kashim Shettima GCON, who represented His Excellency President Bola Ahmed Tinubu […]
Seplat Energy Plc Shares Re-Admitted To LSE After MPNU Acquisition
Seplat Energy Plc, Nigerian energy company with listings on both the Nigerian Exchange Limited and the London Stock Exchange (LSE), has announced the re-admission of its shares to trading on the LSE’s main market. This development follows the company’s completion of its acquisition of Mobil Producing Nigeria Unlimited, as […]
Seplat Energy Completes $800m Acquisition of MPNU
Seplat Energy Plc, Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange has announced that it has completed its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. This was contained in a notice to the Nigerian Exchange Limited. The transaction is […]
Gas Will Drive Development With Minimal Emissions, Says Seplat Energy
Seplat Energy Plc has said that the gas resources in Nigeria and other African countries can drive significant developmental gains with minimal impacts on emission. According to the leading energy company, gas is the immediate solution to many immediate problems in Africa; thus, there is a compelling development case […]
Seplat Energy Announces NUPRC Confirmation Of Consent On MPNU Deal
Seplat Energy Plc, Nigerian energy company listed on both the Nigerian Exchange and the London Stock Exchange has announced that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that consent has been granted by the Honourable Minister of Petroleum Resources in Nigeria, President Bola Ahmed Tinubu, to proceed with […]
LCCI Raises Alarm Over Frequent National Grid Failures, Urges Immediate Power Sector Reforms
Lagos Chamber of Commerce and Industry (LCCI) has raises alarm over frequent National Grid failures, calling for immediate power sector reforms. Director General of LCCI, Dr. Chinyere Almona in a statement said that with businesses suffering from the burden of poor power supply, the county need quick intervention actions […]
Shareholders Lose N208bn in Aradel Holdings Shares Two Days After Quoting On NGX
Investors in Aradel Holdings Plc, Nigeria’s latest listed company, have incurred a loss of N208 billion just two days after the company’s shares debuted on the Nigerian Exchange Limited (NGX). Aradel’s stock price dropped by 5.85 per cent reducing its market capitalization from N3.562 trillion on Tuesday to N3.354 […]
NGX Admits Aradel Holdings’ 4.34bn shares Worth N3.05trn
Aradel Holdings Plc, an integrated energy company, listed 4.34 billion shares on Nigerian Exchange Limited (NGX) Main Board. The shares listed at N702.69 per share through a “Listing by Introduction,” boosted the market capitalization of NGX by N3.05trn, marking a significant milestone in the oil and gas sector’s participation […]
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 […]