Oil & Gas

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 …

Shell Petroleum Development Company (SPDC) has the shutdown its floating, production, storage and offloading (FPSO) vessel, located off the Bayelsa coastline due to water leakage. The FPSO is a floating vessel used …

The Organization of Petroleum Exporting Countries, OPEC and its allies, have increased Nigeria’s oil quota to 1.830 million barrels per day, mb/d in September 2022, from 1.826 mb/d in August …

Seplat Energy, Nigeria’s leading energy supplier has commenced the commercial injection of crude oil through the new Amukpe-Escravos Pipeline located in Niger Delta. The company previously depended on the Trans …

Transnational Corporation Plc (Transcorp) has released its half-year results for the year ended June 30th, 2022, posting 85 per cent profit after tax as revenue for the year grew. The …

The President of the Democratic Republic of Congo, Félix Tshilombo, has invited international investors to tender bids for the country’s oil and gas blocs as the government moves to diversify …