Seplat Energy achieves rise in yearly revenue and profit; ups dividend
28th Feb 2023 12:20
(Alliance News) - Seplat Energy PLC on Tuesday reported double-digit increases in both revenue and profit for 2022 as it lifted its dividend by 50%. Read More
(Alliance News) - Seplat Energy PLC on Tuesday reported double-digit increases in both revenue and profit for 2022 as it lifted its dividend by 50%. Read More
Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - In the nine months to September 30, says revenue rises 34% year-on-year to USD618.6 million from USD460.4 million. Pretax profit leaps 90% to USD185.2 million from USD97.4 million. Volumes lifted falls 11% to 4.9 million barrels of oil/gas from 5.5 million, but the average realised oil price rises 61% to USD108.25. Average realised gas price dips 2.1% to USD2.80. Declares quarterly dividend of 2.5 cents, unchanged from a year before, and brings total for the year-to-date to 7.5 cents. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Notes it receives no notification of the proposed acquisition of Mobil Producing Nigeria Unlimited having ministerial approval withdrawn. Read More
Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Says it has become aware of news and social media reports "alleging impropriety" in the process of securing ministerial consent for Mobil Producing Nigeria Unlimited deal. "Such reports are wholly untrue and the company will pursue legal action against any parties involved in disseminating false information related to its business," it says. Read More
Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Receives letter from minister of state for petroleum resources that Muhammadu Buhari, president of Nigeria, has approved that ministerial consent be granted to Seplat Energy Offshore Ltd's USD1.28 billion acquisition of Mobil Producing Nigeria Unlimited from Exxon Mobil Corp. Read More
Seplat Energy PLC - Lagos-based energy company focused on Nigeria - Begins the commercial injection of crude oil through its new Amukpe-Escravos pipeline. The 67 kilometre pipeline is expected to provide a "more reliable and secure" export route for liquids from Seplat Energy's major assets OML 4, 38 and 41, connecting them with the Chevron Corp-operated Escravos terminal. It has a capacity of 160,000 barrels of oil per day, of which the Seplat Energy and NPDC joint venture is entitled to inject 35,000 bbl/day. Adds that dewatering was completed on Friday. Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News: Read More
Seplat Energy PLC - Lagos-based energy company focused on Nigeria - Appoints Basil Omiyi as non-executive chair with immediate effect, following internal and external search processes. Read More
(Alliance News) - Seplat Energy on Monday said it is in talks with its departing chair regarding a future role with the Nigeria-based energy supplier. Read More
Seplat Energy PLC - Lagos-based energy company focused on Nigeria - Reports a pretax profit of USD83.4 million in the first quarter of 2022, nearly triple the previous year's figure of USD28.0 million. Crude oil revenue was 74% higher at USD216.2 million, up from USD124.1 million. This reflected higher average realised oil prices in the quarter, Seplat explains. Gas revenue fell by 9.7% to USD25.6 million from USD28.4 million due to lower gas volumes and lower customer offtake. Production stoppages in February and March also contributed to lower gas revenue. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News: Read More
Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Responds to newspaper report pertaining to shallow water assets in Nigeria, saying that its sale and purchase agreement with US oil major Exxon Mobil Corp has not been terminated. This follows newspaper and social media reports that the Nigerian National Petroleum Company Ltd had exercised a right of pre-emption under the NNPC/Mobil Producing Nigeria Unlimited joint operating agreement. Says MPNU, is not a party to the sale and purchaseand continues to hold its interests, rights and obligations under the NNPC/MPNU JOA. Read More
(Alliance News) - The following is a round-up of earnings issued by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
TRADING UPDATES: Seplat Energy eyes Exxon asset; Zenith inks contract Read More
IN BRIEF: Seplat Energy Chair Orjiako to step down at AGM Read More