October 21, (THEWILL) – The Chairman of Heirs Energies, Tony Elumelu, has said that the newly rebranded firm is totally committed to environmental development from a global standpoint.
Elumelu made this disclosure while speaking on the unveiling of the company’s new logo following the announcement of its new corporate identity as Heirs Energies Limited, formerly Heirs Holdings Oil & Gas.
Heirs Holdings Oil & Gas had announced a major rebranding, and change in its name to Heirs Energies Limited with a new logo colour scheme, reinforcing the strategy of meeting Africa’s unique energy needs in a sustainable manner.
“Heirs Energies signifies our unwavering commitment to environmental responsibility, value creation in Africa, integration across our value chains, while working together with our community towards a shared destiny,” the company said in a statement last week, adding that the rebranding was in line with achieving net zero emissions by 2050.
It stated, “Heirs Energies will utilise its extensive expertise, resources, and innovation to lead in transforming the energy landscape while creating a lasting, positive impact on the environment.
“Heirs Energies will continue its exploration and production, while leveraging on emerging technologies to cut carbon emissions by eliminating gas flaring, as well as investing in gas utilisation projects to harness the abundant energy sources for improved energy access, that will drive development on the continent.”
Elated Elumelu reiterated the company’s passion for innovation, growth, and sustainability in Africa which the new brand identity represents.
He said, “Heirs Energies signifies our unwavering commitment to environmental responsibility, value creation in Africa, integration across our value chains, while working together with our community towards a shared destiny.
“We are excited to embark on this transformative journey that will shape the future of the energy sector in Africa.”
THEWILL recalls that Heirs Oil & Gas, Africa’s integrated energy company, was awarded the ‘Africa deal of the year 2021’ by Project Finance International (PFI), following its $1.1 billion financing and acquisition of 45% stake in OML 17 in 2021. The award ceremony which took place on May 9, 2022 in London, was a gathering of senior industry leaders to celebrate excellence.
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