(Alliance News) - Seplat Energy PLC on Tuesday said its Chair Basil Omiyi will resign in May and the company added it is looking to "strengthen its governance". Read More
Seplat Energy PLC - Lagos, Nigeria-based energy supplier - Says legal action against the immigration status of Chief Executive Officer Roger Brown has been withdrawn by the Nigeria Immigration Service, acting for the Nigerian government. Says it continues to engage with the Nigerian interior ministry to "bring closure to the false allegations presented to the ministry". Read More
Seplat Energy PLC - Lagos-based energy supplier - Notes that a lawsuit has being filed against the company and some of its directors and officers by the Nigeria Immigration Service. The lawsuit is in relation to the immigration status of Chief Executive Roger Brown and the withdrawal of his immigration visa. Seplat says it is confident that it has provided all the required documentation to the Nigerian government and is confident the judicial process will address the circumstances "appropriately". Read More
Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Says High Court in Lagos, Nigeria vacates interim court order against Chief Executive Officer Roger Brown. The case has been adjourned to May 16 to continue hearing, allowing Brown to run the company again. In March, Seplat reported Brown had been barred from running the company for seven days, amid accusations of racism. Says the company maintains the petition filed by 5 persons claiming to be minority shareholders "lacks proper basis" and is premised on false allegations. Says it remains confident that the judicial process will address the circumstances appropriately and continues to engage the Nigerian interior ministry. Read More
(Alliance News) - Seplat Energy PLC on Friday said that its Chief Executive Officer Roger Brown has been barred from running the company for seven days, amid accusations of racism. Read More
(Alliance News) - Seplat Energy PLC on Thursday backed its Chief Executive Officer Roger Brown, following reports that his Nigerian visa has been revoked due to racism allegations. 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