Seplat Energy PLC said Friday that it has agreed to acquire Exxon Mobil Corp. s shallow water assets in Nigeria for $1.28 billion plus up to a $300 million contingent. | February 25, 2022
IRVING (dpa-AFX) - Oil major Exxon Mobil Corp. (XOM) Friday announced its agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian oil and gas company
The African Energy Chamber spoke with Tim O’Hanlon, Senior Advisor for the Oslo-listed energy and power company, Panoro Energy, about the continent’s production challenges, the role exploration will play, and Africa’s significance as a frontier gas market.
The bulls regained dominance on the equities sector of the Nigerian Exchange Limited (NGX), as many blue-chip companies recorded price appreciation, causing market capitalisation
Founder and former MD/CEO of Seplat, Austin Avuru, has urged members of the public to disregard his purported sacking as a non-executive director of the company. Avuru in a statement by his lawyer, Osaro Eghobamien, SAN and Folabi Kuti, SAN of Perchstone and Graeys, said the general public should discredit the sack announced by Seplat […]
A group, Nchekwa Igbo Society, has cautioned against ongoing media persecution of Chairman of Seplat Petroleum Development Company Plc, A.B.C. Orjiako, describing it as “unjust and the handiwork of detractors to tarnish his image.”
The world’s energy shows that the world’s investment is now driven by environmental, social, and governance (ESG). Also, look at the COP26 of the Paris Agreement; there is a heavy focus on the E-environment.
With growing tension in the oil and gas sector to address climate change and decarbonize, oil and gas experts across Africa are set to converge on the 2021 Sub-Saharan Africa Oil/Gas (SSOAG) Conference.
Seplat Cuts Debt, Spends on Gas Mar 1, 2021 12:15:pm Summary by: William Powell Nigerian producer Seplat generated $330mn from operations last year. The cash went mainly on its major Assa North Ohaji South (Anoh) gas project and repaying $100mn of debt. And despite the lowest oil prices in its 10-year history, the company said it had maintained dividen. Posted in:
Nigeria‘s PIB nears journey’s end [NGW Magazine] Feb 18, 2021 7:15:am Summary The Nigerian Petroleum Investment Bill is nearing enactment, but there are still differences between the states and the government over sharing the upstream bounty. [NGW Magazine Volume 6, Issue 4] by: Omono Okonkwo Over a decade after first mooted, the Petroleum Industry Bill (PIB) is set to become law this spring. The speaker of the lower chamber of Nigeria’s national assembly, Femi Gbajamiamila, said in January that “we intend to pass this bill by April. That is the commitment we have made. Some may call it a tall order, but we will do it and we will do it with every sense of responsibility without compromising the thoroughness of the work that will be done.”