Contrary to some media reports, the Majestic rig is owned by Depthwize Nigeria Limited and not Seplat. As stated in our previous announcement, the ri
The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan to support the naira and stabilise the foreig
Seplat Energy regrets to announce a serious incident on the Depthwise swamp drilling rig “Majestic” in the early hours of this morning. Se
Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell spokesperson said on Monday, roughly a month after loadings of the medium
The Nigerian Content Development and Monitoring Board (NCDMB) and the Anti-Corruption Agency of Nigeria (ACAN) recently concluded a three-day sensitiz
…Naira slide impacting price of PMS Oil marketers operating in the country have said the continued slide of the naira against the United States dollar
Nigerians are bracing themselves for heightened economic challenges as indications arise of an imminent increase in the price of petrol ranging from a
The United States has agreed to give Iran access to $6 billion in currently frozen Iranian oil revenue currently held in South Korea, media reported o
The members of the OPEC+ group saw their collective oil production slump to the lowest level in nearly two years in July after Saudi Arabia began its
L-R: Vice Chairman of the Nigerian Council of the Society of Petroleum Engineers (SPE), Salahudeen Tahir; Finance Manager, Shell Nigeria Exploration a