Tag: Chief Executive Officer

Shell: We Paid $4.5bn Royalty, Taxes To Nigerian Govt In 2022

ADEOLA YUSUF

WHO COLLECTED WHAT: Oil giant gives details of money paid to FIRS, NNPC, NUPRC, NDDC Others in 2022       Shell’s Report on Payments to governments has indicated that the Federal Government of Nigeria was paid a total sum of  $4,521,134,915 for the fiscal year ended, 2022. This amount is made up of the money paid as production entitlement, taxes, royalties,and fees in  2022. The disclosure was part of Shell’s reports on Sustainability, Climate & Energy Transition, Lobbying and Payments to Governments that were published on Tuesday A breakdown of the…

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Chevron Records $11.2 Billion Earnings

Abibat Babalola

Corporation has reported earnings of $11.2 billion for the third quarter 2022, which represents a significant increase when compared with $6.1 billion in the same period 2021. Sales and other operating revenues in third quarter 2022 were $64 billion, compared to $43 billion same period last year. Commenting on the development, Chevron’s Chairman and Chief Executive Officer, Mike Wirth, said: “We delivered another quarter of strong financial performance with return on capital employed of 25 percent,” “At the same time, we’re increasing investments and growing energy supplies, with our Permian…

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Savannah Energy Begins First Gas Sales To Central Horizon Gas Company

ADEOLA YUSUF

Savannah Energy Plc, has commenced gas sales to Central Horizon Gas Company Limited (“CHGC”), a subsidiary of Axxela Limited (“Axxela”), and a major gas distribution company situated in the South-South region of Nigeria. On February 2022, Savannah signed an interruptible gas sales agreement (“GSA”) with CHGC to supply up to 5 MMscfpd daily for an initial one-year period. CHGC operates a 17km gas pipeline infrastructure network with a throughput capacity of 50 MMscfpd, which provides natural gas to industrial and commercial customers in the Trans Amadi Industrial Area of Port…

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Petrol Sells for N250 per litre As Scarcity bites Harder

ADEOLA YUSUF

. Succor Underway as 300 million litre petrol-laden Vessels commence product’s discharging in Lagos . Black marketers record business booms while filling stations ‘run out of fuel”   Two vessels laden with 300 million litres of Premium Motor Spirit (PMS), known as petrol, which arrived at Lagos ports, have started to discharge the product, Platforms Africa reports, just as hardship caused by off-spec product supply bite harder. The vessels, Platforms Africa gathered, arrived on Tuesday at ASPM jetty Ijora and Wednesday at Pinnacle jetty, Apapa, area of Lagos, Nigeria’s commercial capital.…

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BREAKING: Buhari Appoints Board, Mgt of NNPC Limited + Names of Appointees

ADEOLA YUSUF

The name of Senator Ifeanyi Ararume was not found on the list of appointees sighted Platforms Africa contrary to earlier list sent to the Senate where the President recommended the Senator as Chairman of the board President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited as he also released full names and regions of members of the board. It will be recalled that President Buhari had last September written the Senate on the administrative structure amendments to the Petroleum Industry Act, which included…

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Savannah Acquires ExxonMobil, Petronas’ Entire Assets in Chad, Cameroon

ADEOLA YUSUF

Savannah Energy PLC has announced that it has signed a Share Purchase Agreement (“SPA”) with Exxon Mobil Corporation, ExxonMobil International Holdings, Inc. and Esso Exploration Holdings, Inc. (“Exxon”) and has separately signed an SPA with PETRONAS (E&P) Overseas Ventures SDN. BHD. (“PETRONAS (E&P) Overseas Ventures”). Platforms Africa reports that the British independent energy company focused around the delivery of Projects that Matter in Africa, which made this announcement in a statement, added that the deals were “relating to the purchase of each of their entire upstream and midstream asset portfolios…

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