The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi, has called for the support of the ongoing decentralisation of power supply in the country through its off-grid and stand-alone systems. Speaking at Alaghodaro Investment Summit recently in Benin City, Edo State capital, an event where investment experts and heads of federal government regulatory agencies…
Seven Energy International Limited has announced an agreement on the terms of a comprehensive capital restructuring of the Group (the “Agreed Transaction”) between: (1) Seven Energy; (2) the Company; (3) certain other members of the Group; (4) Savannah Petroleum PLC (“Savannah”); (5) lenders under the US$24.1 million term loan facility (the “Term Loan 1 Facility”)…
Crude oil prices were under pressure on Tuesday, falling 3 percent on rising U.S. output forecasts and global demand concerns. Investors were also looking ahead to crude oil options expiration on Wednesday, which could prove to be a near-term bullish catalyst for the commodity that’s seen a bounce over the last month, according to Bill Baruch of Blue…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has expressed the commitment of the Corporation to science education. The NNPC GMD, who stated this during the grand finale of the Corporation’s 2017 National Quiz Competition, on Tuesday in Abuja, said the Corporation’s stand was informed by the critical role…
TAG Oil Limited has announced the reports its second quarter results for the interim period ending September 30, 2017, highlighted by an 11% increase in revenues and a 34% increase in operating netbacks from the previous quarter. TAG Oil also added 809 gross acres to its petroleum mining permit portfolio with PMP 60291, which has…
