29 stories found
Moody’s has revised its outlook for Seplat Energy positively, reflecting confidence in the company’s prospects following broader upgrades to Nigeria’s oil and gas regulatory environment.
Tony Elumelu's Heirs Holdings investment in Seplat Energy has more than doubled, now valued at over $1 billion, driven by a significant surge in Seplat’s share price.
The Nigerian Senate has given Seplat Energy and other companies a 48-hour deadline to appear before an investigative hearing after they failed to answer audit queries.
Seplat Energy has announced the sale of a 10% joint venture stake to the Nigerian National Petroleum Company (NNPC) for $281.6 million (₦384.38 billion).
Seplat Energy Plc has signed a binding agreement with the Nigerian National Petroleum Company Limited (NNPC Ltd) to sell a 10 percent working interest in their joint venture assets for approximately $281.6 million.
Teyana Taylor tearfully accepted a major award at the BET Awards, reflecting on her two decades of hard work, while Lauryn Hill also received top honors. The event celebrated various artists, with a full list of winners and performances highlighted.
Seplat Energy Plc has announced a five-year growth strategy aiming to increase oil production to 500,000 barrels per day and distribute $1 billion in dividends to shareholders, building on its acquisition of Mobil Producing Nigeria assets.
President Bola Tinubu has approved a N3.3 trillion (approximately $2.2 billion) plan to clear Nigeria's power sector debts. The initiative aims to improve electricity reliability, stabilize the energy value chain, and restore investor confidence, following a review of legacy debts accumulated over a decade.
Oil workers' union PENGASSAN has grounded the operations of Seplat Energy Plc across multiple locations nationwide, leading to fresh tension in Nigeria’s oil and gas sector.
Seplat Energy reports a 144% revenue growth to $2.73bn for 2025, driven by a full year of contribution from its offshore assets. Learn more. Read More: https://punchng.com/seplat-posts-144-revenue-growth-to-2-73bn/
Seplat Energy has called on companies to move beyond treating sustainability as mere CSR, advocating instead for its integration into operations and decision-making to manage risks and create value.
The NNPC and Seplat Energy Joint Venture has initiated a program to empower 127 teachers in Imo State with essential digital and STEAM skills, aiming to boost their professional development and economic resilience.
The Nigerian Senate has issued a 48-hour ultimatum to Seplat Energy, Network E&P Nigeria Limited, and two other oil companies to appear before it and address issues raised in the Nigeria Extractive Industries Transparency Initiative (NEITI) report.
NNPC Limited announced its plan to acquire a 10% interest in the NNPCL-SEPNU Joint Venture from Seplat Energy Plc for $281.6 million, aiming to enhance shareholder returns.
A Federal High Court in Lagos has nullified a directive from the House of Representatives Committee that ordered Seplat Energy to pay N72.624 billion in compensation to communities over alleged oil spills, ruling that the committee usurped judicial powers.
Tony Elumelu has been appointed as the new chairman of Seplat Energy, succeeding Dr. Bryant Orjiako. The board has also named Engr. Effiong Okon as Chief Executive Officer, effective August 1, 2026, as part of the company's leadership changes.
Seplat Energy's stock closed at N10,450 per share on April 14, 2026, marking an 80 percent gain since January and adding approximately N2.9 trillion in market capitalization. This makes it the first stock on the Nigerian Exchange to cross the N10,000 barrier.
Workers at Seplat Energy have suspended their industrial action following renewed talks and written assurances addressing their pay-related concerns.
Nigeria's Seplat Energy has been hit by a strike, occurring amidst efforts to increase the company's output.
Seplat Energy has released highlights from its fourth-quarter earnings call, providing insights into the company's financial performance.
Seplat Energy has granted share awards to its executive directors as part of its compensation and incentive program.
The Nigerian Senate Public Accounts Committee has given Seplat Energy and three other oil companies 48 hours to respond to audit queries from the Nigeria Extractive Industries Transparency Initiative (NEITI).
The CEO of Seplat Energy stated that Nigeria has an opportunity to lead global energy security by improving uptime, securing routes, delivering more products to the market, and deepening gas infrastructure. This comes as the world seeks reliable energy sources.
Seplat Energy announced a 430% surge in its half-year profit and declared special dividends, leading to a 0.6% gain in its shares on the Lagos exchange.
UTM Offshore has signed a gas sales agreement with Seplat Energy and NNPC Limited for the supply of gas to its Yoho FLNG project, marking a significant step in the development of the floating liquefied natural gas facility.
Seplat Energy shareholders have approved a total dividend of 25.0 US cents per share for 2025, indicating strong growth and a commitment to returning value to investors.
The Nigerian Content Development and Monitoring Board (NCDMB) and Seplat Energy are finalizing plans for a Centre of Excellence in gas development at Delta State University (DELSU), with board approval granted in 2024.
Workers of Seplat Energy have commenced an indefinite strike due to unresolved welfare issues and stalled negotiations on a new collective bargaining agreement.
Police in Akwa Ibom State have arrested four youths from the Ibeno community over alleged vandalism at a Seplat Energy facility in Mkpanak Village, issuing a warning against such criminal acts.