Imo Oil Producing LGAs Petition Buhari over Lopsided Appointment in NDDC thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Seplat Plc.âs Earnings Bounced Back Strongly on Higher Oil Prices
eplat Petroleum Development Company (Ticker: SEPLAT) Plc.âs earnings bounced back strongly on higher oil prices as the global economy heals gradually following the pandemic, analysts maintain buy rating due to strong upside potential.
Profit margin had hit the bottom following the outbreak of coronavirus pandemic in the financial year 2020 when oil prices slide strongly due to lack of demand.
In its first quarter (Q1) of 2021, the indigenous oil exploration and production company saw its profit after tax payment expanded from loss position to profitability.
âWe like that the company grew PAT by over two-fold in the period under review, a development triggered by higher oil price-induced expansion in revenue , rising 6.8% quarter on quarterâ, Chapel Hill Denham said in a report.
It is
worth reiterating that gas flaring reduction potential was part of
the underlying opportunity for the (otherwise laudable)
project. PI&D obtained arbitral award against Nigeria,
sought to enforce same inclusive of the substantial interests and
Nigeria after some initial lethargy and missteps is now actively
challenging same, arguing that the entire project was a fraud. See
Fikayo Akeredolu, Nigeria and P&ID: The Story
Behind the $9.6 Billion Judgement, Nigeria Wins Another Victory Against
P&ID ,
Energy Voice, 30.09.2020:
https://www.
energyvoice.com/oilandgas/africa/268744/nigeria-pid-court-guarantee/;
Kush Amin, Did an Alleged Corrupt Natural Gas
Contract Rob Nigeria of US$9.6 Billion? ,
ANOH Gas Processing Co raises US$260 million to fund gas processing plant in Nigeria hydrocarbonengineering.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonengineering.com Daily Mail and Mail on Sunday newspapers.
Seplat completes funding for ANOH project
Seplat Petroleum has raised cash for its ANOH gas plan from a group of primarily Nigerian banks.
Updated: 02/02/2021, 7:55 am
Seplat meets Imo State amid talks on ANOH
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Seplat Petroleum has raised cash for its ANOH gas plan from a group of primarily Nigerian banks.
The seven banks agreed to provide $260 million of debt for the ANOH gas processing plant. The cash was raised via an incorporated joint venture, ANOH Gas Processing Co. (AGPC).