Seplat Energy earns rare ISO 55001:2014 Asset Management System Certification
Seplat Energy Plc., a leading Nigerian independent Energy Company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has announced that it has successfully obtained the ISO 55001:2014 Standard Asset Management System certification, becoming the first energy…
Geregu Power Plc, FEDA in Talks for partial Acquisition
Leading power generating (Genco) firm, Geregu Power Plc and Fund for Export Development in Africa (FEDA) have begun talks for the acquisition of a portion of the local power generating company. Recall that Geregu Power remains the first power company…
NNPC/CNL Joint Venture secures $1.4bn for infill drilling scheme
Leading exploration giant, Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (NNPC/CNL JV) confirms that $1.4 Billion financing has been secured to fund the NNPC/CNL JV infill drilling program (Project)…
NNPC/Chevron JV secures $1.4bn funding for Kolmani field Exploration
Less than two weeks after the recent presidential flag off of the Kolmani drilling, the Nigerian National Petroleum Company Limited (NNPC) has sealed a $1.4 billion external project finance agreement jointly arranged by Standard Chartered Bank UK and the United…
NNPCL, NLNG, Chevron, Others line up for 11th PNC Forum by NCDMB
All is set for the takeoff of the 11th Practical Nigerian Content (PNC) Forum powered by the Nigerian Content Development & Monitoring Board (NCDMB) from December 5-8, 2022 in Uyo, Akwa Ibom State. Business Hilights recalls that it is noteworthy…
Buhari Flags off Oil Drilling in The North at Bauchi-Gombe Border
President Muhammadu Buhari has claimed that his administration attracted over $3bn investment in the Oil and Gas Sector at a time of near-zero appetite for investment in fossil energy. Speaking Tuesday in Bauchi at the Flag-off Ceremony of the Kolmani…
Circular Economy: TotalEnergies, Air Liquide innovate on low Carbon Hydrogen
TotalEnergies and Air Liquide are innovating to produce and valorize renewable, low carbon hydrogen at the Grandpuits zero crude platform. Under a long-term contract committing TotalEnergies to purchase the hydrogen produced for the needs of its platform, Air Liquide will…
Ghana government suspends subsidy on fuel
The Ghana government has announced the removal of subsidy on Residual Fuel Oil (RFO) until further notice. The move is an interim measure to ease the financial burden on the Price Stabilisation and Recovery Account (PSRA). A statement issued by…
COP27: C’Wealth’s Secretary-General welcomes historic outcome on loss, damage
At last, following two weeks of extensive negotiations at the UN Climate Change Conference COP27, nearly 200 countries have agreed on a set of key outcomes, including the establishment of a fund to address loss and damage due to climate…
Egbin Power Wins Safety Excellence Award of the Year
Egbin Power Plc has received the Utility Power Generation Company of the Year at the 2022 Afrisafe HSE Awards, a prestigious Health, Safety and Environment (HSE) industry award held to honour outstanding individuals, corporate organizations and laudable initiatives in the…
