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Energy

Energy FEATURED Latest TOP STORIES 

Caverton Offshore Support Group posts wider annual loss

June 15, 2024June 15, 2024 Markets Reporters 0 Comments Caverton Offshore Support Group

Caverton Offshore Support Group saw its after-tax loss more than double in 2023 compared to the previous year despite an

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Energy FEATURED Latest TOP STORIES 

Seplat Energy eyes ‘swift completion’ of ExxonMobil subsidiary acquisition

June 14, 2024June 14, 2024 Markets Reporters 0 Comments ExxonMobil, Mobil Producing Nigeria Unlimited, Seplat Energy

With the removal of the legal hurdle that caused a tw0-year delay, Seplat Energy is expecting a swift completion of

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Energy FEATURED Latest TOP STORIES 

NNPC wants special court in fight against oil theft

June 13, 2024June 13, 2024 Markets Reporters 0 Comments Mele Kyari, NNPC, oil theft in Nigeria

Mele Kyari, group chief executive officer of the Nigerian National Petroleum Company Limited, has called for the support of the

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Energy FEATURED Latest TOP STORIES 

NNPC woos Lagos residents as CNG station begins operations

June 13, 2024June 13, 2024 Markets Reporters 0 Comments Lagos CNG station, NNPC CNG station

The Nigerian National Petroleum Company Limited (NNPC) has urged Lagos residents to patronise its newly-inaugurated compressed natural gas (CNG) station.

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Energy FEATURED Latest TOP STORIES 

NNPC denies inflating subsidy claims by N3.3trn

June 10, 2024June 10, 2024 Markets Reporters 0 Comments NNPC, Petrol subsidy claims

The Nigerian National Petroleum Company Limited (NNPC) has refuted an allegation that it inflated subsidy claims by N3.3 trillion. “NNPC

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Energy FEATURED Latest TOP STORIES 

Nigeria’s three-month petrol imports jump 45% to N2.63trn

June 9, 2024June 9, 2024 Markets Reporters 0 Comments Dangote petrol, Nigeria petrol imports

Nigeria, Africa’s top oil producer, spent 45 percent more on the importation of petrol in the first three months of

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Energy FEATURED Latest TOP STORIES 

Savannah Energy plans to double production after SIPEC acquisition

June 7, 2024June 7, 2024 Markets Reporters 0 Comments Savannah Energy, SIPEC

Savannah Energy Plc, a British independent energy company, is planning to increase production from the Stubb Creek oil and gas

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Energy FEATURED Latest TOP STORIES 

Oando contributes $500m in NNPC-Afreximbank oil-backed loan deal

June 7, 2024June 7, 2024 Markets Reporters 0 Comments Afreximbank, NNPC, Oando, Project Gazelle

Oando Plc, a Nigerian energy group, has said it was party to the successful closure of the $925 million facility

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Energy FEATURED Latest TOP STORIES 

Nigeria aims to cut stakes in refineries by 2026

June 5, 2024June 5, 2024 Markets Reporters 0 Comments Nigerian refineries, Refinery rehabilitation

Nigeria, Africa’s top oil producer, is looking to reduce its stakes in state-owned refineries in two years’ time.  The refineries,

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Energy FEATURED Latest TOP STORIES 

Blackout: Labour union obstructing national grid recovery, says TCN

June 3, 2024June 3, 2024 Markets Reporters 0 Comments Labour union strike, National grid

The Transmission Company of Nigeria has said the labour union is obstructing the restoration of the national grid. It said

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