Oil & Gas

Double Dealing is the Real Reason Seplat Sack Austin Avuru The last appears not to have been heard about the removal of Mr. Austin Avuru as a Non-Executive Director of Seplat Energy Plc. by the Board of the company, as emerging facts show that the businessman had in March 2020 ...

Seplat Energy sacks Austin Avuru over ‘breach’ of company policies Seplat Energy Plc says it has terminated the appointment of Austin Avuru as a non-executive director of the company.  Edith Onwuchekwa, director, legal and company secretary at Seplat, announced this in a corporate filing on Thursday. This is coming a month ...

  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 ...

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 ...

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. ...

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, ...

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 ...

Dux Oil, a cosmopolitan oil and gas concern last weekend dedicated its Oyo State gas station. The outlet, which boasts of modern day facilities with conscious safety measures is located on the ever busy Ibadan – Ife road, Ibadan, Oyo State,with a branch at Challenge also in Ibadan. It was ...

Our attention has been drawn to a malicious and spurious publication by a one-man blog (nurajos.blogspot.com) on alleged schism in the board of OMSL over alleged mismanagement of $18m (Eighteen million dollars). In the said write-up, the faceless hack mischievously alleged that our chairman, Capt Idahosa Wells Okunbo, had taken ...

The Senate has cleared Ocean Marine Solution Limited (OMSL) of allegations of illegal security activities at the Secure Anchorage Area (SAA) of the Lagos Ports. The Senate resolution to that effect was passed on Wednesday, December 18, 2019 consequent upon the consideration of the report on the investigation into the ...