Seplat Energy, on Thursday, said it had not received any official notification from the Federal Government of Nigeria reversing its proposed acquisition of the entire share capital of Mobil Producing …
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd) in July 2022. OPEC made this …
Shortly after President Muhammadu Buhari authorised the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc, he has made a U-turn on the deal. Buhari had on Monday approved the …
A-Z Petroleum Products Ltd, on Wednesday urged the House of Representatives to help in recovering N30 billion liabilities due to it from the Ministry of Finance, Budget and National Planning …
Crude prices have dropped by 22.5 percent since mid-June, setting the stage for reduced pressure on local pump prices. Oil prices have fallen to an average of $95 a barrel—level …
Caverton Offshore Support Group Plc has posted a 73.97 percent drop in its net profit in the first six months of the year, 2022. The provider of marine, aviation and …
The Nigerian Upstream Petroleum Regulatory Commission(NUPRC) has rejected the sale of ExxonMobil’s assets to Seplat Energy as approved by President Muhammadu Buhari. Recall that the President had in a statement …
The Federal Government of Nigeria has presented a letter of consent to Seplat Energy Offshore Limited, a subsidiary of Seplat Energy, for the cash acquisition of the entire share capital of Mobil …
Nigeria lost N891bn to gas flaring in 18 months. This was disclosed in the latest data released by the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill …
Zenon Petroleum and Gas Limited has filed a winding-up suit against Prudent Energy and Services Limited, the parent company of Ardova Plc, over $6 million debt. AbdulWasiu Sowami, chief executive …