Energy

Aradel

Dangote Refinery Set for Production, Receives 6th Batch of 1m Crude Barrels January

Dangote Refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN is the last cargo to complete the initial scheduled 6 million barrels […]

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Aradel

Dangote Refinery Receives Fourth One Million Barrels of Crude; Fifth, On the Way

Preparations are in top gear for the commencement of production in Dangote Refinery, as the petrochemical company has received the fourth crude shipment of, one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL), and expecting the fifth crude shipment, anytime from now. The fresh one million barrels of […]

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Russia-Ukraine Crisis Impacts Nigeria’s Crude Inflow Into International Markets, Says NNPC Ltd

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-dependable Asian market at the onset of hostilities in the Eastern bloc. Maryamu Idris, Executive Director, […]

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NASENI, REA Agree To Deploy Renewable Technologies To Light Up Rural Areas in Nigeria;To Partner NITDA On Local Content Development

The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI Solar resources and other renewable energy technologies, to increase electricity supply to Nigeria’s rural areas. This […]

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Aradel

Aradel Holdings Modular Refinery To Begin Operation Soon

The managing director and chief executive officer (CEO) of Aradel Holdings, Mr Adegbite Falada, has said, the company’s modular refinery will start operations soon, describing local refining of crude into petroleum products as very essential for Nigeria. Speaking in Lagos recently during the rebranding of Niger Delta Exploration and Production Plc (NDEP) to Aradel Holdings, […]

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Seplat

Drilling Rig Collapse: Seplat Condoles With Crew Families,Community

. Following the incident of a fatal accident which occured on Tuesday, 15th, August 2023, in the oil rig of major petroleum company, Seplat Energy,  Majestic rig near Ovhor, in Delta State, the company  has announce its regrets over the incident. The company’s Chief Executive officer, Mr. Roger Brown in a release said: “Seplat Energy […]

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NNPC Dismisses New Increase In Fuel Price from N617 to N720 Per Litre

The Nigerian National Petroleum Company Limited (NNPCL) has denied the alleged plan to increase the price of petrol from N617 to N720. The NNPCL made this known in a statement posted via its official X (Twitter) platform on Monday night, August 14, 2023. This came after reports in the media stated that the company was […]

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Seplat

Seplat Energy’s Gas Revenue Grows To $63.7m Year-On-Year

Leading Nigerian independent energy company, Seplat Energy Plc, listed on both the Nigerian Exchange Limited and the London Stock Exchange, has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022). This growth is attributed to increased realised gas prices and a […]

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Transcorp

Transnational Corporation Stock Up 274.34% Year-to-Date

Driven by strong fundamentals, the stock price of Transnational Corporation Plc has gained 264.34per cent in its Year-till-Date growth on the trading floor of the Nigerian Exchange Limited (NGX). The conglomerate in charge of President and Group CEO, Dr. Owen Omogiafo saw its stock price closed yesterday at N4.23 per share from N1.13 per share […]

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Transcorp3

Transcorp Wins Multiple Awards

Transnational Corporation Plc, Nigeria’s largest listed conglomerate with investments in the Power, Hospitality, and Energy sectors has emerged winner of the Sectorial Leadership Award – Conglomerates and the Highest Dividend Cover Award at the Pearl Awards, which recently took place in Lagos. Transcorp was awarded in recognition of outstanding operational and stock market performance in […]

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Refinery Fake

Dangote Dismisses Refinery Commissioning Plan, Says ‘Its Fake News’

Dangote Industries Limited, Nigeria’s diversified and fully integrated conglomerate, with interests spaning a range of sectors in Nigeria and across Africa, has dismissed the news that it plans to inaugurates its multi-purpose petroleum refinery located in Lagos, on the 24th January, 2023. The management of the conglomerate dismissed the planned inauguration of the refinery, describbing […]

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Seplat

Seplat Energy Announces New Corporate Appointments To Board

The Board of Seplat Energy Plc has named Mr. Samson (Sam) Chibogwu Ezugworie its board as the new Chief Operating Officer and Executive Director, effective 1st July 2022. According to the company, Ezugworie comes with over 30 years extensive industry experience, spending the last 25 years was with Royal Dutch Shell in Nigeria and Overseas.  […]

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