Dangote Petroleum Refinery and Petrochemicals has recorded a net profit of $4.73 billion in the nine months ended September 30, 2026, reversing a $117.2 million loss in the corresponding period of 2025, as revenue rose 144 per cent to $22.5 billion. The unaudited financial results, released in Lagos yesterday, showed a sharp improvement in the […]
Subsea logged a first-quarter revenue of $1.9 billion, a decrease of 5.5 percent from the fourth quarter, the company said. Year-over-year revenue jumped 11.6 percent. The sequential decline resulted from decreased activity in Africa, the North Sea, and the Gulf of America, along with a drop in services activity attributed to normal offshore seasonality. This was somewhat balanced by an increase in project activity in Asia-Pacific and Brazil, the company said.