Energy

Savannah Petroleum signs MoU on Agadem Rift Basin
Energy

Savannah Petroleum signs MoU on Agadem Rift Basin

Savannah Petroleum said it has signed a legally binding Memorandum of Understanding between Savannah’s Niger subsidiary and the Republic of Niger. The company said in a statement that the MOU affirms both Parties’ commitment to the realisation of a proposed early production scheme utilising crude oil resources associated with Savannah’s […]

Exxon joins Chevron to report bumper Q2 earnings
Energy

Exxon joins Chevron to report bumper Q2 earnings

World’s largest oil company, Exxon Mobil said its second-quarter 2018 earnings jumped to $4 billion, The result is a positive when compared with $3.4 billion a year earlier. Cash flow from operations and asset sales was $8.1 billion, including proceeds associated with asset sales of $307 million. Exxon noted in the disclosure that during the […]

RESULT ALERT: BOC Gases second quarter 2018
Energy

RESULT ALERT: BOC Gases second quarter 2018

BOC Gases Plc has just released its second quarter 2018 results: Gross revenue: N739 million versus N609 million last year Net profit: N101 million versus N79 million last year Total asset: N4.4 billion versus N4.2 billion last year (six months period) Total liabilities: N1.9 billion versus N1.8 billion in 2017.