Seplat Energy Reports 2.3 Million Hours Without Lost Time Injury in Q1 2024 Seplat Energy PLC, a prominent Nigerian independent energy firm listed on the Nigerian Exchange and the London Stock Exchange, has disclosed its unaudited results for the three months ended March 31, 2024. The company declared a dividend of US 3 Cents per…
NCDMB Receives N450m Interim Dividend from Waltersmith Modular Refinery .… Firm declares N4.5bn Dividend for 2023 The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had received an interim dividend payment of N450 million out the N1.5bn declared by the Waltersmith Refinery and Petrochemical Company Limited. This payment represents NCDMB’s 30%…
AI Power Surge Predicted to Drive Up U.S. Natural Gas Demand and Prices A surge in Artificial Intelligence (AI) technology development is poised to significantly boost demand for natural gas in the United States, presenting lucrative opportunities for producers and shippers in the industry. Investment bank Tudor, Pickering, Holt & Co forecasts that the rapid…
LPG Pivotal to Driving Industrialisation, Job Creation- Ekpo Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has emphasised the strategic importance of investment in the gas sector, saying it was pivotal for driving industrialization, job creation and improvement of the livelihood of the generality of Nigerians. The minister stated this at the groundbreaking…
Heirs Energies Named “Emerging Energy Company of the Year” at Inaugural Energy Times Awards Heirs Energies, Africa’s leading integrated energy company has announced that it has been awarded the “Emerging Energy Company of the Year” at the inaugural edition of the Energy Times Awards. The ceremony, held in Lagos on Friday, April 19, 2024, recognised…
Power Minister Blames Saboteurs and Cartels for Electricity Woes, Advocates State Investment and Rural Electrification Nigeria’s Power Minister, Adebayo Adelabu, has pointed the finger at saboteurs and cartels within the electricity sector for the country’s persistent power outages. Speaking at a program titled “Confronting Nigeria’s Power Challenge as the Nation Migrates to a Multi-Tier Electricity…
Oil Reserves Rise: Expert Calls for Transparency, Investment and Refinery Privatization Nigerian oil expert Joe Nwakwue, Lead Partner at Zera Advisory & Consulting, applauded the Federal Government’s success in growing the nation’s oil reserves to 37.50 billion barrels. However, he urged the government to ensure transparency and continued growth in this crucial resource. Celebrating Growth,…
Axxela to Build Gas Processing Plant in Delta State, Nigeria Axxela Limited, a leading gas and power company in Sub-Saharan Africa, announced a major investment in a new gas processing plant. The facility will be situated in Oil Mining Lease (OML) 56, Delta State, in southern Nigeria. Project Details and Timeline This strategic investment marks…
Platform Petroleum Explores Nigeria’s Marginal Field Potential as Bronze Sponsor at IAE 2024 Paris, April 24, 2024 – Platform Petroleum, a prominent Nigerian operator, is set to participate as a Bronze Sponsor at the prestigious Invest in African Energy (IAE) 2024 forum in Paris. The company’s involvement underscores its commitment to leveraging new investments and…
EKo Disco Wins Big at Energy Times Awards Eko Electricity Distribution Company (EKEDC) emerged victorious at the inaugural Energy Times Awards, claiming the coveted title of “Disco of the Year 2023.” The ceremony, held at the prestigious Eko Hotels and Suites in Lagos on April 19, 2024, recognized EKEDC’s dedication to providing its customers with…