Energy

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.

RESULT ALERT: 11 Plc half year 2018
Energy

RESULT ALERT: 11 Plc half year 2018

Former Nipco Plc now known as 11 Plc has just released its half-year results: Gross revenue: N85 billion versus N56 billion last year Net profit: N5.4billion versus N2.4 million net profit last year Total asset: N72 billion versus N74 billion last year (six months period) Total liabilities: N43 billion versus N47 billion […]

Total acquires two gas plants in France
Energy Global

Total acquires two gas plants in France

French energy giant, Total has signed an agreement with KKR-Energas to acquire its two gas-fired combined cycle power plants (CCGT) in the North and East of France. The asset represents an electricity generation capacity of approximately 825 megawatts (MW). The transaction is subject to approval by the relevant authorities. “This […]

Total says profit rose by 83% in Q2
Energy Global

Total says profit rose by 83% in Q2

French oil giant, Total, said its net income for the second quarter of the year rose by 83% on year on year basis. Commenting on the results, Chairman and CEO Patrick Pouyanné said: Oil prices continued to increase, averaging 74 $/b in the second quarter, supported notably by inventory reductions […]

Anglo American profit fell by 9% in Q2
Energy

Anglo American profit fell by 9% in Q2

One of the world’s largest mining corporation, Anglo American said it realized a net profit of $1.2 billion for the second quarter of the year. The result represents 9% year on year fall in profit. Mark Cutifani, Chief Executive of Anglo American, said: “We have delivered another strong performance during […]

Shell to buyback $25 billion shares
Energy

Shell to buyback $25 billion shares

Royal Dutch Shell plc has announced the immediate start of a share buyback programme in accordance with authority granted by shareholders at the company’s 2018 Annual General Meeting1. Chief Executive Officer Ben van Beurden commented: “Today we are taking another important step towards the delivery of our world-class investment case, […]

Shell secures exploration acreage offshore Mauritania
Energy

Shell secures exploration acreage offshore Mauritania

Shell Exploration and Production Mauritania (C-10) B.V. and Shell Exploration and Production Mauritania (C-19) B.V. have signed another exploration contract in Mauritania. Shell said in a statement that it signed two Production Sharing Contracts with the government of Mauritania for the exploration and potential future production of hydrocarbons in the […]