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Tag: Seplat Energy

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ExxonMobil-Seplat deal to increase Nigeria’s oil output – Experts

The conclusion of the $1.28 billion divestment deal between ExxonMobil and Seplat, along with similar transactions in Nigeria’s upstream oil sector, is expected to boost oil output by 21.4%, reaching over 1.7 million barrels per day, according to experts. In his Independence Day national broadcast, President Bola Tinubu announced that the government is set to […]

News Oil and Gas

Seplat Energy demand swift divestment process to boost oil, gas output

Seplat Energy Plc, a Nigerian independent energy business listed on the Nigerian and London Stock Exchanges, has stated that if divestiture and other related deals are hastened, Nigeria’s subsurface potentials could be greatly maximized and oil/gas production levels improved. This disclosure was made by the CEO of Seplat Energy, Mr. Roger Brown at the 2024 […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Tinubu moves to settle ExxonMobil, Seplat Energy rift

President Bola Tinubu has reaffirmed his commitment to resolving the divestment issues between ExxonMobil and the indigenous energy company, Seplat Energy. This commitment was articulated in a statement by the president’s spokesperson, Ajuri Ngelale, during a meeting with ExxonMobil President Liam Mallon and other executives at the State House in Abuja on Tuesday. In February […]

Seplat Energy extends agreement for ExxonMobil acquisition
News

Seplat Energy extends agreement for ExxonMobil acquisition

Seplat Energy Plc has prolonged the Share Sale and Purchase Agreement for the acquisition of ExxonMobil’s share capital in Mobil Producing Nigeria Unlimited, according to a notice submitted to the Nigerian Exchange Limited. The extension is aimed at keeping the transaction intact while awaiting the resolution of certain legal matters and obtaining the required regulatory […]

Seplat Energy announces N125bn profit before tax in 2023
Energy

Seplat Energy announces N125bn profit before tax in 2023

Melvin Onwubuke Seplat Energy Plc, on Thursday, announced N125.5 billon profit before tax in its audited result and accounts for the full year ended December 2023, an increase of 45 per cent compared to the preceding N86.73 billion, recorded for the 2022 financial year. Seplat Energy, listed on both the Nigerian Exchange Limited and the […]

Seplat energy board appoints Udo Udoma as chairman
Business

Seplat energy board appoints Udo Udoma as chairman

Melvin Onwubuke The Board of Seplat Energy Plc, listed on both the Nigerian Stock Exchange and the London Stock Exchange, has announced the appointment of Mr. Udoma Udo Udoma, as the new Independent Non-executive Chairman of the company. This was disclosed by the company’s notice to the Nigerian Exchange Limited and the investing public; Udoma […]

How increased electricity access will drive investment - Seplat
Oil and Gas

Seplat gas revenue hits $63.7m H1 2023

Seplat Energy Plc, an indigenous energy firm, increased its gas revenue by 10.21% to $63.7 million in the first half of 2023 from $57.8 million in the same period of 2022. The Punch reported that the increase in petrol revenue, according to a statement issued by the group on Monday, was the result of higher […]

How increased electricity access will drive investment - Seplat
Business featured

Seplat Energy announces interim dividend payment to shareholders

The interim dividend for the half-year ending June 30, 2023, will be paid to shareholders of Seplat Energy Plc at the rate of US3 cents per ordinary share of N0.50k. According to Nairametrics, this information was gotten from the company’s corporate action statement to the Nigerian Exchange Limited. The shareholders whose names appear in the Register of Members as […]

How increased electricity access will drive investment - Seplat
Business

Seplat Energy reports N140.6bn gross profit

Seplat Energy Plc, the prominent Nigerian independent energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the first half of 2023. The company demonstrated robust growth with a 3.8% increase in revenue, reaching N278.3bn from N219.2bn year-on-year. Additionally, a gross profit of N140.6bn was […]

NIS restores Seplat CEO Roger Brown's immigration documents
Uncategorized

NIS restores Seplat CEO Roger Brown’s immigration documents

The Nigeria Immigration Service and the Ministry of Interior have stated that Seplat Energy’s Chief Executive Officer, Mr. Roger Brown,’s immigration documents have been restored. The company further stated that after the documents were restored, Mr. Brown was reinstated in his position as the company’s CEO. This was revealed in the company’s notice to the Nigerian Exchange Limited. The […]

How increased electricity access will drive investment - Seplat
Oil and Gas

Seplat Energy records 36.9% revenue growth despite crisis

Seplat Energy Plc, an indigenous oil exploration business, increased its revenue from $241.8 million to $331 million in the first quarter of 2023, a 36.9% increase. The Punch reported that the company’s core annual dividend aim was raised by 20% to US 12 cents with a quarterly dividend of three cents, according to its unaudited financial […]

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