Friday, 20th May 2022
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Austin Avuru

24 Dec
Founder and former MD/CEO of Seplat, Austin Avuru, has urged members of the public to disregard his purported sacking as a non-executive director of the company. Avuru in a statement by his lawyer, Osaro Eghobamien, SAN and Folabi Kuti, SAN of Perchstone and Graeys, said the general public should discredit the sack announced by Seplat…
2 Dec 2019
After a report condemned its move to appoint a foreign Chief Executive Officer, SEPLAT Petroleum Development Company has defended its decision to name Roger Brown as CEO. The firm insisted that the appointment was in compliance with the Nigerian Content Development Act "All the activities of SEPLAT as a corporate citizen are in fulfilment of…
28 Nov 2019
The plan by the management of Seplat Petroleum Development Company to replace the outgoing Managing Director/Chief Executive Officer, Austin Avuru, with a Briton negates Section 30-36 of the Nigerian Oil and Gas Industry Content Development Act..
6 Aug 2019
Mr. Austine Avuru is the Co-founder/Chief Executive Officer of Seplat Petroleum Development Company Plc. In this interview with HELEN OJI, he enumerated the economic gains of gas-generated power, as well as how the company’s huge investment in gas, especially the recent $700 million project, would enhance profitability and shareholders’ value. What are the key attractions…
15 Jul 2019
According to the company, the project is funded through equity of $420 million, among other financing options, with government offsetting $210 million, while the remaining would be funded by Seplat.
17 May 2019
The Chairman, Seplat Petroleum, Dr. Ambrosie Orjiako, has said that 2018 operational and financial performance...
8 May 2019
Seplat Petroleum Development Company Plc has stated that it would continue to deleverage its balance sheet and improve drilling activities for sustainable growth.     In its interim management statement and consolidated interim financial results for the three months ended 31 March 2019, made available to The Guardian, the firm explained that it recorded positive impact in…
1 Aug 2018
Seplat Petroleum Development Company Plc., operators of the NPDC/SEPLAT joint venture has concluded the seventh edition of its annual Eye Can See Corporate Social Responsibility...
12 Jul 2018
To mitigate downtime losses, Seplat Plc, has said it is currently co-financing a third-party operated Escravos Pipeline, which is projected to be fully commissioned and operational this third quarter.     The pipeline is expected to serve as the primary evacuation route and deliver crude oil to Escravos, which is a Chevron Nigeria operated terminal…
20 Jun 2018
Stakeholders who gathered at a Roundtable for Gas Development, organised by The Business Year, in partnership with the Lagos Petroleum Club, have emphasised the need for the Federal Government...
28 Dec 2017
The Managing Director of Seplat, Austin Avuru has insisted that for the nation’s oil and gas sector to move forward, there is need for strong regulation Speaking at Petroleum Club Guarantors Dinner in Lagos recently....
22 Feb 2017
The awaiting inaugural West African International Petroleum Conference and Exhibition (WAIPEC) opened doors to delegates and visitors today (February 22) with a two-day...


37 mins ago
From next week, all attention will be on Abuja, the Federal Capital Territory (FCT), as the country’s two major parties – All Progressives Congress (APC) and Peoples Democratic Party....
37 mins ago
Despite challenges occasioned by the COVID-10 pandemic, the Nigerian banking industry has remained resilient, delivering 15.6 per cent and 6.8 per cent growth in total assets and profits respectively in the first half of 2021.
42 mins ago
Experts and stakeholders in Nigeria’s payment industry have called for concerted efforts to mitigate the growing menace of digital frauds.
45 mins ago
I am not contesting for any position. I’m only a participant to the extent that justice is done, and to see that we elect a good President for this country.
46 mins ago
Notwithstanding the fact that the newly promoted former Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has been retired, Minister of Police Affairs, Maigari Dingyadi...