Oil & Gas - Page 82

Ardova Reacts To Takeover Threat, As Majority Investor Faces Lawsuit

Oil and gas firm, Ardova, has denied it is winding up, after Femi Otedola’s Zenon Petroleum and Gas Limited filed a case against its majority shareholder, Prudent Energy & Services Limited (PESL).

Fakoyejo Olalekan

August 9, 2022

Business·Oil & Gas

Nigeria’s Oil Regulator, NUPRC, Blocks Seplat, ExxonMobil’s Acquisition Deal, After Buhari’s Approval

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has denied the approval of Seplat’s acquisition of ExxonMobil’s Nigerian subsidiary. On Monday, Seplat had announced that President Muhammadu

Fakoyejo Olalekan

August 9, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business·Oil & Gas

President Buhari Approves Seplat Acquisition Of ExxonMobil’s Nigerian Subsidiary

The Federal Government has approved Seplat’s acquisition of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, after the Nigerian National Petroleum Company (NNPC) initially block the deal. In a statement released

Fakoyejo Olalekan

August 8, 2022

Business·Oil & Gas

UN Criticises Oil Companies For Making Over $100 billion In Three Months

The secretary-general of the United Nations, António Guterres, has condemned oil and gas companies for taking advantage of the rising price of crude oil to increase their earnings in the first quarter

Fakoyejo Olalekan

August 4, 2022

Editorial: Buhari’s Unclaimed Funds Trust Fund

Business·Oil & Gas

Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike

The Minister of State for Petroleum Resources, Timipre Sylva, has blamed Nigerian oil marketers for the increase of fuel price across filling stations within the country, amid scarcity. Sylva said the government

Fakoyejo Olalekan

August 3, 2022

Business·Oil & Gas

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Seplat Energy has commenced transportation of crude through the new Amukpe-Escravos pipeline in Niger Delta, as the oil and gas company looks to reduce it dependence on Trans Forcados System. The firm

Fakoyejo Olalekan

August 2, 2022

Business·Oil & Gas

Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch

The former chief executive of Seplat Energy, Austin Avuru, has experienced a setback in his tell-all book set for release on August, after the Federal Capital Territory High Court in Bwari, shutdown

Fakoyejo Olalekan

July 28, 2022

Business·Oil & Gas

Number Of NNPC Limited Staff To Be Sacked Revealed After President Buhari’s Unveiling

The Group Managing Director of Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has concluded plans to sack 500 workers, one week after the corporation officially launch its private brand. NNPC Limited

Fakoyejo Olalekan

July 25, 2022

Business·Oil & Gas

FG To Stop Funding NNPC Limited, As Pres. Buhari Reveals New Brand, Direction

The Nigerian National Petroleum Company (NNPC) Limited has officially been unveiled by President Muhammadu Buhari, as the era of the Nigerian National Petroleum Corporation comes to an end. President Buhari said the

Fakoyejo Olalekan

July 19, 2022

Business·Oil & Gas

Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat

Oando, MRS, and some filling stations have began selling Premium Motor Sprirt (PMS) above N165, three weeks after the Federal Government threatened to revoke license of firms that hike fuel price. Prime

Fakoyejo Olalekan

July 18, 2022

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Oil & Gas - Page 82

Ardova Reacts To Takeover Threat, As Majority Investor Faces Lawsuit

Nigeria’s Oil Regulator, NUPRC, Blocks Seplat, ExxonMobil’s Acquisition Deal, After Buhari’s Approval

President Buhari Approves Seplat Acquisition Of ExxonMobil’s Nigerian Subsidiary

UN Criticises Oil Companies For Making Over $100 billion In Three Months

Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch

Number Of NNPC Limited Staff To Be Sacked Revealed After President Buhari’s Unveiling

FG To Stop Funding NNPC Limited, As Pres. Buhari Reveals New Brand, Direction

Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat

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