End of year sees mixed progress on 2022’s top 10 oil and gas projects
Progress on the world’s largest oil and gas fields has been a mixed bag in 2022, with the start-up of several major projects pushed into 2023 and beyond.
ANOH
Seplat boosts profits, keeps faith on Exxon deal
Seplat Energy has boost profits among higher production, with the company staying confident on its planned purchase of ExxonMobil’s local Nigerian unit.
Oil lifts Seplat higher, but pipe problems continue
Seplat Energy has reported some slow progress at pipeline projects, but with EBITDA growing at 82% year on year it is seeing a clear benefit from higher oil prices.
Seplat expects higher production this year, despite ANOH delays
Seplat Energy saw production drop in 2021 but, with the expectation that a new export route will open in March, expects better things ahead.
Gas supplies start up to OB3 pipe from Kwale plant
Nigerian Gas Co. (NGC) and Nedogas Development have commissioned a gas gathering facility in Delta State to supply the OB3 trunk line.
Shell contractors killed in Nigeria ambush
An attack in Nigeria’s Imo State has left seven Shell contractors dead, according to local reports.
Seplat increases gas and lines up name change
Seplat Petroleum has ramped up production in the first quarter and has set out plans to rebrand as Seplat Energy.
Seplat completes funding for ANOH project
Seplat Petroleum has raised cash for its ANOH gas plan from a group of primarily Nigerian banks.
Shell signs up for Lagos, Ogun gas provision
Shell Nigeria Gas (SNG) has signed a deal to provide gas to industrial and manufacturing companies in Lagos and Ogun states.
Seplat feels pinch as prices fall
Seplat fell to a loss in the first half of the year as oil prices roughly halved, from $65.16 per barrel in the first half of 2019 to $35.94.
Seplat ups spending, delays ANOH start
Seplat Petroleum’s revenue fell to $130 million in the first quarter, down 18%, with the company blaming an under lift of oil and lower prices.
Seplat touts resilience, shift to gas
Seplat Petroleum’s revenue fell 6.5% in 2019 while cash flow from operations fell 32.7%, but the company was keen to highlight its resilience to the current macroeconomic shock.
Seplat cuts production hopes
Seplat Petroleum’s production slipped during the first nine months of 2019 versus the same period in 2018, although profit increased substantially.