SEPLAT Energy Plc says it is increasing domestic gas supply in Nigeria by installing over 850 million standard cubic feet per day (MMscfd) of infrastructure. Chief Operating Officer, Mr Samson Ezugworie, stated on Sunday that the company is working diligently to address Nigeria’s persistent energy poverty. Ezugworie confirmed that over …
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NIGERIA’s indigenous firm, Seplat Energy Plc, has finally completed its acquisition of Mobil Producing Nigeria Unlimited, MPNU, from ExxonMobil at $800 million after over two years when the first deal was signed. The company disclosed this in a recent statement. According to the oil firm, the acquisition will add an …
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Clean Energy access for all citizens, irrespective of location has been identified as the surest bet for a successful global energy transition and the fight against climate change. Managing Director, Neconde Energy Limited, Monday Okoro made the assertion on Wednesday in Lagos at a panel discussion on Operationalising a Clean …
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As part of efforts to ensure reforestation, reduce biodiversity loss, boost food security and support the global net-zero emission agenda, Seplat Energy, Nigeria’s foremost indigenous energy company, has launched a special sustainability campaign tagged “Seplat Tree 4Life.” Seplat Energy, the first Nigerian company to complete a dual listing on the …
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Seplat Energy, Nigeria’s biggest energy company by market value, Sahara Group, ND Western Limited and Tony Elumelu-backed Heirs Oil and Gas are in contention to take over an equity interest said to be worth $4 billion, held by the Nigerian unit of Hague-based Oil Major, Shell Plc, via a joint …
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Seplat Petroleum Development Company has dragged a Senior Advocate of Nigeria, Mr. Kunle Ogunba to the Legal Practitioners Privileges Committee (LPPC) and the Legal Practitioners Disciplinary Committee of the Nigerian Bar Association (NBA) for alleged gross misconduct and unethical practices contrary to the Rules of Professional Conduct for Legal Practitioners …
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Industry leaders in the energy sector have called on the Federal Government to allow market forces to determine the price of power rather than the present system of price-fixing by the National Electricity Regulatory Commission (NERC). They were speaking at the 2019 Energy Sustainability Conference which held in Lagos. The …
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Federal Government-owned refineries, located in Port Harcourt, Kaduna and Warri, lost over N231bn in the last four years as the proposed rehabilitation of the plants suffered a setback. The Port Harcourt Refining Company has two refineries, while the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company …
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The Special Presidential Investigation Panel for the Recovery of Public Property says the Nigerian Petroleum Development Company Ltd and one of its Joint Venture partners, Seplat Petroleum Development Company Plc, have short-changed the Federal Government by $1.8bn and N8.8bn from 2013 to 2017. Responding to The PUNCH’s inquiry on Sunday, the …
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The Nigerian Stock Exchange (NSE) on Friday moved 311.59 million shares valued N8.95 billion traded in 2,588 deals. This was against 414.35 million shares worth N3.29 billion exchanged in 3,380 deals on Thursday. GT Bank drove the volume of shares traded with an exchange of N138.16 million shares worth N2.28 …
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