Seplat Energy Celebrates 10 Years: Strong Financials, Community Focus, and Market Leadership Seplat Energy Plc marked a decade of success at a press briefing held on Thursday, highlighting its impressive financial performance, commitment to social responsibility, and leadership role in the Nigerian oil and gas sector. Financial Strength and Growth Since its initial public offering…
Nigeria Unveils Domestic Crude Oil Supply Template, Boosting Refinery Collaboration The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken a significant step towards a more self-reliant petroleum industry by unveiling a new Domestic Crude Oil Supply Obligation (DCSO) template. This framework aims to strengthen collaboration between oil producers and domestic refineries. NUPRC Chief Executive, Gbemga…
NCDMB Receives $1m Return on Investment from NEGOGAS The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments. The cheque was presented by the Chairman of the…
FIRS Records Historic N12.3 Trillion Revenue in 2023 Enugu, Nigeria, April 14, 2024 – The Federal Inland Revenue Service (FIRS) achieved an unprecedented milestone in revenue generation, amassing an impressive N12.3 trillion in 2023, according to Mr. Zacch Adedeji, the Chief Executive of FIRS. Speaking at the FIRS special day during the 35th Enugu International…
Seplat Energy CEO to Advocate Gas-Focused Investments at African Energy Week (AEW) 2024 CAPE TOWN, South Africa, April 12, 2024 – Roger Brown, CEO of Seplat Energy, a Nigerian independent oil and gas company, is set to address the prestigious African Energy Week (AEW): Invest in African Energy conference, scheduled for November 4-8. With a…
NSCDC Antivandal Uncovers Artisanal Refinery in Rivers Community The Nigeria Security and Civil Defence Corps (NSCDC) Rivers State Command’s Antivandal Squad has made a significant discovery, uncovering a local refinery in the Adobi-Akwa settlement within the Etche Local Government Area of Rivers State. Led by CSC Peters Ibiso, representing Commandant Basil Igwebueze, the Antivandal Squad…
Oil Rebounds as Middle East Tensions Outweigh Rate Cut Concerns Oil staged a 2% rebound on Friday, poised for a modest weekly uptick, buoyed by escalating tensions in the Middle East that heightened concerns over potential disruptions in supply. This surge offset the bearish sentiment stemming from reduced expectations for U.S. interest rate cuts this…
PRESS RELEASE: Nigerian Oil & Gas Ministers Of State To Address Global Energy Stakeholders At The 23rd Annual NOG Energy Week Following the Executive Order by President Bola Ahmed Tinubu GCFR, the Honourable Minister of State for Petroleum Resources (Oil) and the Honourable Minister of State for Petroleum Resources (Gas) will be delivering the Ministerial…
Lokpobiri Explains Causes of Nigeria’s Crude Oil Production Shortfall Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, recently addressed concerns surrounding the country’s crude oil production shortfall during the first quarter of 2024 (Q1 2024). Lokpobiri attributed the decline in production to challenges faced by the Trans Niger Pipeline and maintenance activities conducted…
Kosmos Energy Returns to African Energy Week: Invest in African Energy 2024 as a Diamond Sponsor Kosmos Energy, a leading global energy firm based in the United States, reaffirms its commitment to driving sustainable investment in Africa’s energy sector by returning as a diamond sponsor for this year’s African Energy Week (AEW): Invest in African…