Business news
The Shell Petroleum Development Company of Nigeria Limited (SPDC JV) – Operator of the NNPC Limited, SPDC, TotalEnergies and Nigerian Agip Oil Company Joint Venture– has, announced the donation of US$1 million to support efforts to provide relief to over half a million people displaced in flood impacted communities of Borno State. “The donation […]
Seplat Energy Plc, foremost Nigerian indigenous energy company, has trained additional 50 journalists and media practitioners in Nigeria’s federal capital territory, Abuja as it concludes the third edition of its media training in line with the Company’s sustainability commitments. The media training programme was organized in partnership with Channels Academy, and had in […]
Lagos and London, 22 October 2024: Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange and the London Stock Exchange, is delighted to announce that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that consent has been granted by the Honourable Minister of Petroleum Resources in Nigeria, President Bola Ahmed Tinubu GCFR, […]
Seplat Energy Plc has confirmed the approval of its purchase of Exxon Mobil’s onshore assets valued at $1.28bn by the Federal Government. Confirming this report, Seplat Energy in a statement on Tuesday, said it was excited about the deal. It said; “Seplat Energy is delighted to announce that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) […]
The $550 million upstream gas project between the NNPC Ltd. and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC. According […]
LarryBravo Nwaiwu, Enugu In furtherance of his campaign promise to construct 10,000 roads in eight years, governor of Enugu State, Dr. Peter Mbah, has commissioned a mega asphalt production plant built by his administration. Inaugurating the plant in Emene on Thursday, Governor Mbah explained that the state would in addition produce the inputs for asphalt […]
The Nigerian National Petroleum Company Limited (NNPC Ltd) has successfully shipped Liquefied Natural Gas (LNG) cargoes to Japan and China on a Delivered Ex-Ship (DES) basis. According to a statement issued by the Chief Corporate Communications officer NNPC LTD Femi Soneye, the historic shipment marks an expansion of NNPC Ltd’s global market footprint and reinforces […]
A leading academic has identified the targeted investments in education by the Shell Petroleum Development Company (SPDC) Joint Venture as a catalyst for addressing Nigeria’s energy challenges. Professor Anene Moneke, Director of the NNPC/SPDC/TotalEnergies/NAOC Joint Venture Centre of Excellence in Environmental Management and Green Energy (CEMAGE) and holder of the NNPC/SPDC JV Professorial Chair in […]
The federal government on Monday, said it had offset N205 billion from the N1.3 trillion debt owed Generation Companies (Gencos) to raise the level of liquidity in the power sector. The government also stated that the noticeable improvement in electricity supply in parts of the country was not an accident, but due to recent efforts […]
The Nigerian National Petroleum Company Limited (NNPCL) has responded to controversies surrounding reports alleging the reintroduction of petrol subsidies. In a statement issued on Tuesday by the Chief Corporate Communications Officer, Olufemi Soneye in Abuja, it was clarified that the company is only addressing the PMS importation shortfall between itself and the Federation, denying claims […]