Seplat Energy Plc has set N1,360.58/$ as the exchange rate for determining the naira equivalent of its second-quarter 2026 interim and special dividends payable to shareholders...
Aradel Cuts Net Debt by 70 Per Cent as the icompany strengthened its balance sheet in the first half of 2026, reducing net debt to N46.5...
Oando Plc recorded N2.06 trillion in revenue for the first half of 2026, crossing the N2 trillion mark for the first time in a six-month reporting...
Seplat Energy earns $164 million in the first half of 2026 after reporting a 498 per cent increase in profit for the six months ended 30...
ExxonMobil and its partners have committed $1 billion to the Usan Infill Project offshore Nigeria, a move expected to increase the country’s crude oil production by...
Dangote Group has revealed plans to finance its proposed 700,000 barrels-per-day (bpd) oil refinery in Kenya through a combination of internally generated funds, bond issuances and...
UN Secretary General Antonio Guterres has called for oil and gas companies to face special taxes. His comments come as surging energy prices sparked by the...
Seplat Petroleum Development Company Plc, has announced the completion of transfer of the business activities and assets of OMLs 4, 38 and 41 from the Holding...
Engr. Sarki Auwalu, director and CEO of Nigeria’s Department of Petroleum Resources (DPR), told the press about how the country is strategically implementing OPEC-mandated production cuts...
Nigeria’s oil sector regulator, Department of Petroleum Resources (DPR) has released strategic plan and policy for the survival and success of the industry post COVID-19. Engr....
The Department of Petroleum Resources (DPR) Thursday extended by one week, the deadline to register to bid for Nigeria’s marginal oilfields, with June 21 being the...
Nigerian-owned marine vessels for oil and gas sector operations have increased from three per cent to over 40 per cent, the federal government has revealed. The...
OIL firms indebted to the Nigerian Government will not be allowed to participate in the newly launched bid round for marginal oilfields as oil firms, the...
Global oil commodities gained in prices on Wednesday as Brent crude, the benchmark against which Nigeria’s crude is priced, rose to $40 per barrel for the...