Seplat Energy Grows 2022 FY PBT by 15.3% to N86.7bn Seplat Energy Plc has announced its audited results for the full year ended 31 December 2022, recording a rise in profit before tax by 15.3 per cent to N86.7bn from N71bn year-on-year. The company also generated cash from its operations to the tune of N242.4bn…
PETAN Advocates for Integrated Certification for African Countries as Practice in Europe, America Petroleum Technology Association of Nigeria (PETAN), has advocated for an integrated certification for African countries as practice in America, European Union, Britain, among others, especially with the implementation of the African Continental Free Trade Area (AfCFTA) now taking shape. This, PETAN believes, …
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has sought partnership with the Petroleum Technology Association of Nigeria (PETAN) to develop and commercialized technological products for the oil and gas industry. Wabote stated this at the 7th Sub-Saharan Africa International Petroleum Exhibition and Confidence (SAIPEC), currently holding in…
Shell Puts More Than a Dozen Turnkey Contracts on Offer for Work in Niger Delta Shell Nigeria has put more than a dozen turnkey contracts on offer for work in the oil-rich Nigeria’s Niger Delta region.According to a report by the Upstream, the “drill to fill” tender process is worth a total of at least…
Flood: NDDC Donates Relief Materials, Ambulances to Rivers Govt The Niger Delta Development Commission (NDDC), has donated relief materials, essential drugs and medical equipment to communities affected by flood in Rivers State. Speaking during the handover ceremony at the Rivers State Central Medical Store in Port Harcourt, the NDDC Acting Managing Director, Engr Emmanuel Audu-Ohwavborua,…
REA and CarbonAi Sign MOU to Develop Rural Solar Energy Projects The Nigerian Rural Electrification Agency (REA) and CarbonAi Inc. have signed a memorandum of understanding (MOU) aimed at to identifying and developing small-scale solar energy projects in Nigeria. A statement by REA says that the projects will be funded by proceeds from carbon credits…
Africa Needs About $950bn Investments to Achieve Energy, Climate Goals by 2030 For Africa to achieve its energy and climate goals as well as boost socio-economic prosperity on the continent, about $950bn worth of investments is required between 2026 and 2030. The Head, Capital Projects, Egbin Power Plc, a Sahara Power Group Company, Seyi Sobogun,…
NNPC Gets Generating Licence for its Gas Fired Power Plant in Maiduguri The Nigeria National Petroleum Company (NNPC) Limited has gotten generating licence for its gas-fired power plant (the Maiduguri Emergency Power Project (MEPP)), sited in Maiduguri, Borno State, Northeast, Nigeria. The 50 megawatts generating licence was recently presented to the Group Chief Executive Officer…
Kyari, Wabote, Brown, Others to Speak at 40th Annual International Conference of NAPE The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari; the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB); the Chief Executive Officer of Seplat Energy, Roger Brown, among others, will be speaking at…
REA Signs OBF Grant Agreement with Five Solar Home Systems Firms The Rural Electrification Agency (REA) has signed Output-Based Fund (OBF) Grant Agreement with five Solar Home Systems (SHS) companies under the Nigeria Electrification Project (NEF). Under the agreement, the companies: Onnan Unity Company, Greenage Energy Solutions, NTA STAR TV Network Ltd, Hanshot Solar Power…