Tony Elumelu’s Heirs Oil & Gas Morphs Into Heirs Energies

FUNSHO AROGUNDADE

Heirs Holdings Oil & Gas, a subsidiary of billionaire Tony Elumelu’s Heirs Holdings, has announced a major rebranding, and changed 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.

In a statement Wednesday, the company said 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.

“Our subsidiary, Heirs Holdings Oil & Gas Limited (HHOG), Africa’s largest indigenous-owned integrated energy company, has announced a change of name to Heirs Energies Limited, reinforcing our strategy of meeting Africa’s unique energy needs in a sustainable manner.

“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.”

Elumelu, Chairman of Heirs Energies, while commenting on the development, said the new brand identity reiterated the company’s passion for innovation, growth, and sustainability in Africa.

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.”