Business

McDermott has received a limited notice to proceed for an engineering, procurement, construction, and installation (EPCI) contract from Shell Trinidad and Tobago Limited for the Manatee gas field development project, located off the east coast of Trinidad and Tobago. Subject to Shell taking a final investment decision, the Manatee project …

The GCEO, NNPC Ltd, Mele Kyari has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve, and lead in the ever-changing global energy landscape. Kyari gave this charge on Tuesday while delivering an Industry address at the opening ceremony of the 41st Nigerian Association of Petroleum Explorationists …

The Nigerian National Petroleum Company Limited (NNPC Ltd.) will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President Bola Ahmed Tinubu to investigate, review, and reconcile the financial records on alleged indebtedness to the Federation by …

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, announces its unaudited results for the nine months ended 30 September 2023, recording a rise in revenue by 31 percent to N478.1bn from N258.7bn year-on-year. The company also declared …

By Fortune Nwosu Africa’s progress on the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063 aspirations has been uneven, with significant differences among subregions, countries, and rural and urban areas. This calls for accelerated efforts to ensure that Africa achieves the global goals by the 2030 deadline, the …

By Tony O. Elemelu, Group Chairman, United Bank for Africa Some moments resonate as profoundly remarkable in life, where dreams are born from humble beginnings and transformed into extraordinary realities. As I stood before 700 UBA graduate trainees, drawn from across Africa, I thought of the long journey that brought me …

Ammunition, an Atlanta-based full-service advertising industry, today announced the appointment of Jeanna Welday as Vice President of Client Partnership. With a rich background in client relations and a passion for creative excellence, Welday is set to help steer the agency toward a future of client-centric innovation and growth. Welday joins …

Seplat Energy regrets to announce a serious incident on the Depth wise swamp drilling rig “Majestic” in the early hours of this morning. Seplat as the operator of the SEPLAT/NNPCL joint venture contracted the rig. It was in transit to its planned drilling location at Ovhor in Delta State when …

Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, is partnering with the Government of Senegal to fund the development of the landmark Sangomar oil field. Through this strategic collaboration, AFC will invest €50 million in the oil field to help boost the country’s emerging oil & …

MultiChoice Africa Holdings B.V (MAH) regrettably notifies DStv subscribers of its withdrawal of services from Malawi with immediate effect. This follows the injunction issued by the High Court in Lilongwe in a matter between MultiChoice Malawi (MCM) and the Malawi Communications Regulatory Authority (MACRA) prohibiting an adjustment to the DStv …