Joint operation dismantles oil theft operation in Ondo Nigerian security forces collaborated to dismantle an illegal oil storage facility in Ondo state. Joint effort: Tantita Security Services Nigeria Limited (TSSNL) and the Nigeria Security and Civil Defence Corps (NSCDC) conducted the operation. Location: The operation took place in Awoye, Ilaje Local Government Area, near the Alowe seashore….
Nigerian Navy apprehends vessel suspected of crude oil theft In a recent operation, the Nigerian Navy intercepted a vessel named “Motor Tanker SWEET MIRI” suspected of illegal crude oil activities. The vessel, carrying a crew of 13 individuals (1 Ghanaian and 12 Nigerians), was apprehended on February 25, 2024, while sailing towards Benin Republic. Key…
Nigeria’s Energy Times to Host First Award Ceremony in April The Nigerian energy sector’s leading newspaper, Energy Times, will hold its inaugural Energy Award on Friday, April 19, 2024, at the Eko Hotel & Suite in Lagos. This event aims to honor and recognize individuals and organizations within the industry whose contributions have significantly impacted…
Egypt Oil & Gas CEO Set to Present Gas Expansion Vision at IAE 2024 Summit The Chief Executive Officer (CEO) of Egypt Oil & Gas, Mohamed Fouad, is set to discuss Egypt’s gas expansion plans at the Invest in African Energy (IAE) 2024 forum in Paris this May. Egypt is accelerating the development of its…
Seplat Energy- Gas is Nigeria’s logical transition fuel Seplat Energy asserts that gas serves as Nigeria’s logical transition fuel, addressing immediate challenges while paving the way for long-term solutions. Effiong Okon, Director of New Energy at Seplat Energy, highlighted this perspective during the Gas Stakeholders Conversation at the 2024 Nigeria International Energy Summit in Abuja….
Tinubu Names New Management Team for Federal Government Power Company President Bola Tinubu has given his approval for the appointment of fresh members to the Federal Government Power Company Limited. Among the newly appointed members are Kenny Osebi Anuwe and Prof Mamman Lawal, who will continue in their roles as Managing Director/Chief Executive Officer (CEO)…
How Africa can unlock energy potential for development – Shell African can unlock the potential of the energy sector and drive energy security, transition and economic prosperity by embracing partnerships, technological innovation and sustainable financing, Shell has said. Speaking at a ministerial panel session on “Navigating the new energy world order: Security, Transition and Finance” at…
Power Minister Calls for State Involvement in Electricity Distribution Nigeria’s Power Minister, Adebayo Adelabu, urged state governments to participate more actively in improving the country’s electricity supply. He made this call at a forum with energy commissioners from various states. Key Points: State Involvement: Adelabu believes states, which already own 40% of shares in electricity Distribution…
Seplat Energy Reports Strong 2023 Performance and Positive Outlook for 2024 Financial Highlights: Revenue increased 12% to $1.06 billion from $951.8 million in 2022. Gross profit rose 14.5% to N349.3 billion from N197.2 billion. Production averaged 47,758 boepd, up 8% from 2022, and within guidance. Year-end cash at bank strengthened to $450 million. Net debt…
Seplat Energy Appoints Udoma Udo Udoma as Independent Non-Executive Chairman, Bello Rabiu as Senior Independent Non-Executive Director Seplat Energy, a prominent Nigerian energy firm listed on both the Nigerian Exchange Limited and the London Stock Exchange, has named Mr. Udoma Udo Udoma as its new Independent Non-Executive Chairman, succeeding Mr. Basil Omiyi, who will retire on March…