Tag: #energyindustry

Seplat Energy Grows PBT By 197.8% to N34.7billion
Energy

Seplat Energy Grows PBT By 197.8% to N34.7billion

By Olatunde Dodondawa … Cash generated from operations hits N74.4bn, rising by 197.8% Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, announces its unaudited results for the three months ended 31 March 2022, recording a rise in […]

US To Become World’s Largest LNG Exporter In 2022
Energy

US To Become World’s Largest LNG Exporter In 2022

By Shakrullah Odunsi The United States has been tipped to become the world’s largest exporter of Liquefied Natural Gas in 2022. According to Shell’s latest annual LNG Outlook published today(Monday), LNG exports grew in 2021 despite a number of unexpected outages that dented LNG available for delivery. The USA led […]

Oil Prices Stable as US Sanctions Against Iran Nears
Energy

More Revenue For Nigeria As Oil Price Rises Above $90

…Price may hit $120/barrel By Shakrullah Owolabi Nigeria may surpass its oil revenue target for 2022 if the current oil price level of over $90 per barrel is sustained in the months ahead. The development signals more revenue inflow for Nigeria as this is about $35.44 a barrel over its […]

Chevron seeks stakeholders
Energy

Chevron posts $15.6bn best earnings since 2014

By Shakrullah Owolabi U.S supermajor, Chevron has posted full-year 2021 earnings of $15.6 billion, compared to a loss of $5.5 billion in 2020. The oil firm also booked strong cash flow from operations of $29.2 billion and record free cash flow of $21.1 billion last year. Chevron’s net oil-equivalent production […]

NNPC Disclaims Fake 50th Anniversary Quiz Contest, Warns General Public
Energy

NNPC Cautions Against Panic Buying Of Petroleum, Assures Of Adequate Products Supply

By Olatunde Dodondawa NNPC CAUTIONS AGAINST PANIC BUYING, ASSURES OF ADEQUATE PRODUCTS SUPPLY The Nigerian National Petroleum Corporation, NNPC, has assured of adequate stock of petroleum products in the wake of the festive period. The assurance is contained in a statement issued in Abuja, today Tuesday by Garba Deen Muhammad, Group […]

NNPC Committed to Bringing Down Cost of Production, Remaining Competitive
Energy

Kyari Allays Fears of Fuel Scarcity, Explains Why Nigeria is Demanding for Energy Justice at COP26

By Olatunde Dodondawa Mallam Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC) has allayed fears of any hitch in petroleum products supply following reports of a resurgence of queues in some parts of the country. The GMD also explained why Nigeria is demanding energy justice at the ongoing […]

NNPC Commends PTD’s Maturity, Patriotism, Says We’ll Actively Participate In Quick And Effective Solution
Energy

Shake-Up: NNPC Promotes, Disengages, Redeploys Senior Management

By Olatunde Dodondawa In a bid to strengthen and reposition the Nigerian National Petroleum Corporation (NNPC) towards attaining global excellence and profitability, the Management of the Corporation has announced the promotion and redeployment of some staff to fill key vacant positions. In a statement released by the Corporation’s Group General […]

Henry Menkiti COO Asharami Energy at SPE Conference 2021
Energy

Asharami Energy Urges Emission-Cutting Programs In Upstream Operations

By Olatunde Dodondawa Operators in the upstream sector need to develop Nigeria-specific prorams to address the challenge of emissions in the march towards energy transition, Henry Menkiti, Chief Operating Officer, Asharami Energy has said. Speaking at the Society of Petroleum Engineers (SPE) International Conference and Exhibition, Menkiti said the nation […]