Seplat Energy Crisis Deepens as Court Suspends the Chairman, CEO and Others There’s no indication that the crisis rocking Seplat Energy Plc may abate anytime soon. The crisis took a turn for the worse, yesterday, as a Federal High Court sitting in Abuja, suspended the company’s Chief Executive Officer, ...
Read More »Heirs Oil & Gas (HHOG) Reiterates Commitment to Global ESG Best Practices
Heirs Oil & Gas (HHOG) Reiterates Commitment to Global ESG Best Practices Doubles gas production capacity of OML 17 while upholding ESG commitments Heirs Oil & Gas, Africa’s integrated energy company has reaffirmed its commitment to both national and global environmental, sustainability and governance (ESG) best practices in view of its upcoming operational ...
Read More »Heirs Oil & Gas’ OML 17 wins PFI Africa deal of the year
Heirs Oil & Gas’ OML 17 wins PFI Africa deal of the year Heirs Oil & Gas (HHOG), Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’by Project Finance International (PFI), following the $1.1 billion financing and acquisition of 45% stake in OML 17 in 2021. ...
Read More »‘What Is Nigeria Turning Into’ – Reactions As Diesel Sells For N625 Per Litre
Nigerians on social media have expressed displeasure over the current price of automotive gas oil, also known as diesel. Naija News understands that the price of diesel has skyrocketed across the country with some filling stations now selling at N625 per litre. According to TheCable, this is four percent ...
Read More »MRS Exposes NNPC, Reveals How Corporation Imported Contaminated Petrol To Nigeria
Society gazette reports that there has been blame game following reports of contaminated petrol product in some filling stations in the country. This was discovered this week and one of the filling stations at the receiving end has been MRS due to the fact that a video making rounds ...
Read More »Ogun Govt seals Off Gas Depot At omida to curb reoccurring explosion
Barely 24 hours after two lives were lost in an explosion that hit the Olusegun Obasanjo Presidential Library, another gas explosion has occurred in Abeokuta, the Ogun State capital leaving two persons injured. The gas explosion which occurred at Onikoko area of Abeokuta around 10:am on Friday caused serious ...
Read More »Shell Nigeria appoints Elohor Aiboni as First Female MD
Shell Nigeria Exploration and Production Company (SNEPCO) has appointed Elohor Aiboni as its first female Managing Director. This was disclosed by a source in the company on Sunday. The development was also confirmed by one of the aides of President Muhammadu Buhari on Social media, Lauretta Onochie ...
Read More »NNPC: Refineries shut for 15 straight months cost Nigeria N152.08bn
The nation’s refineries lost a total of N152.08bn in 15 consecutive months of being idle, the latest data from the Nigerian National Petroleum Corporation have shown. Analysis of data collated from NNPC monthly reports revealed that all the refineries did not refine crude oil from July 2019 to September 2020. ...
Read More »Heirs Holdings Significantly Expands Oil and Gas Portfolio
Acquires 45% of OML 17 from Shell, Total and ENI Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent Estimated Additional 1 billion barrels of oil equivalent of further exploration potential Heirs Holdings (“HH”), the leading African strategic investor, ...
Read More »How Tunde Ayeni resigned from OMS in 2018 and sold his shares to Wells Property
The allegation by a former director of Ocean Marine Solutions (OMS) Limited, Mr Tunde John Ayeni, that the company was hijacked by Captain Hosa Okunbo has been contradicted by a series of validly-executed company resolutions and other documents was obtained by our reporter which he (Ayeni) signed, transferring his shares ...
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