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  • Oil & Gas - News
  • Updated: May 22, 2022

Latest Oil & Gas News Roundup For May 15 - May 22, 2022

Latest Oil & Gas News Roundup For May 15 - May 22, 2022

Welcome to the AllNews roundup of the latest Oil & Gas News that made the round last week.

Minister Of Petroleum Sylva Withdraws Presidential Bid, Back To Office

The Minister of State for Petroleum, Chief Timipre Sylva has withdrawn from the presidential race in the All Progressives Congress (APC) and has returned to work.

According to a journalist who was present at the ministry in Abuja on Monday, Sylva resigned after considering the enormity of the task at hand. Read more here.

Sylva Lauds Seplat On Exxon Mobil Shares Acquisition

Photo Credit: Twitter

Minister of State, Petroleum Resources, Chief Timipre Sylva has lauded Seplat Energy Plc on its recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation, Delaware, United States of America.

Sylva said such investments, which were underpinned by responsible policies that could ensure the achievement of net-zero carbon emission, were commendable and appreciated by the government and the good people of Nigeria. Read more here.

Climate Change: Seplat To Plant Five Million Trees In Five Years

Seplat Energy Limited has unveiled its `Tree 4 Life Initiative’, a commitment to embark on planting five million trees in five years to mitigate climate change and carbon emission.

It said the innovative “Tree Planting and Carbon Sequestration” programme would provide food security, reduce biodiversity loss and support the net-zero emission agenda. Read more here.

Seplat Appoints Omiyi Non-Executive Chairman

Photo Credit: UGC

Seplat Energy Plc, a leading Nigerian energy company, has appointed Basil Omiyi as the company’s new Independent Non-Executive Chairman, effective immediately.

Seplat, which is listed on both the Nigerian and the London Stock Exchanges made the announcement on Thursday in a statement by its Director, External Affair and Sustainability, Dr. Chioma Nwachukwu. Read more here.

Chevron Host Community Spends N98 Million On Development Projects

The Dodo River Communities Rural Development Association, in Ekeremor Local Government Area (LGA) of Bayelsa, on Friday said it spent N98.34 million on community development projects in 2021.

Chairman of the Association, Francis Amamogiran stated this at the 10th Annual General Meeting (AGM) of the association in Yenagoa, Bayelsa. Read more here.

These are the latest Oil & Gas news that made trends during the week. Visit our website https://allnews.ng for more Oil & Gas news around the world.

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