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QatarEnergy selects Fugro to de-risk its major redevelopment project of Bul Hanine and Maydan Mahzam fields

Fugro has won a contract to deliver a high-value multi-year seabed Geo-data acquisition and geo-consultancy services to QatarEnergy as part of the redevelopment of the Bul Hanine and Maydan Mahzam fields in offshore Qatar. Operating from three state-of-the-art vessels (Fugro Proteus, Pacific Grouse and Bourbon Enterprise), a Fugro team of survey specialists will …

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Uganda tops African Development Bank’s Electricity Regulatory Index for fourth consecutive year

For the fourth consecutive year, Uganda’s electricity sector is Africa’s best regulated across several key metrics, according to the African Development Bank’s 2021 Electricity Regulatory Index. Other strong performers include East African neighbors, Kenya and Tanzania, as well as Namibia and Egypt. The 2021 Electricity Regulatory Index, an annual report, covered …

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 Seplat Energy Upgraded to ‘B’ by Fitch, Outlook Stable

Seplat Energy Plc (“Seplat Energy” or “the Company”), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has been upgraded to ‘B’ from ‘B-‘by Fitch Ratings on its Long-Term Issuer Default Rating (IDR). Fitch also confirms Seplat Energy’s Outlook to be …

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IEF Secretary General Congratulates the UK and Italy on COP26 Agreement

The Secretary General of the International Energy Forum (IEF) Joseph McMonigle congratulated the United Kingdom, Italy and all negotiating IEF countries on achieving consensus at the 26th UN Climate Change Conference (COP26). COP26 concluded in Glasgow with nearly 200 countries agreeing the Glasgow Climate Pact, which finalizes the rules that …

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Seplat Energy’s gas development, a major carbon reduction move

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian and London stock exchanges, has identified its gas development programs as a major boost for Nigeria’s energy transition agenda as well as the global call for carbon reduction. Roger Brown, The Chief Executive Officer, Seplat Energy …

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Shell unveils new energy business line in Nigeria

Global energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales to meet the rapidly growing energy needs of wholesale customers and provide more and cleaner energy solutions in the country. Building on the success of Shell Nigeria Gas, Shell Energy Nigeria, aims …

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Seplat Energy operating profit hits N62.6bn, rises by 299%

  Seplat Energy Plc (“Seplat Energy” or “the Company”), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has reported a nine-month (Q3) 2021 revenue of N182.7bn, representing a rise of 18.7 per cent year-on-year. In its unaudited results for the …

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