June 19, 2024

Elumelu’s Heirs Holdings Oil & Gas rebrands to Heirs Energies, targets sustainable energy solutions in Africa

L-R: Osayande Igiehon , Chief Executive Officer of Heirs Energies and Tony Elumelu, Chairman of Heirs Energies

Oredola Adeola


Heirs Holdings Oil & Gas, has rebranded 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, with a view to maintaining its reputation as Africa’s largest indigenous-owned energy company.


This was disclosed in a statement released by the company on Wednesday and obtained by EnergyDay.


According to the Heirs Energies, 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,” the company said in the statement.


Tony Elumelu, Chairman of Heirs Energies, in his remark on the rebranding, said the new brand identity reaffirmed 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,” Elumelu noted.


Osayande  Igiehon, Chief Executive Officer, Heirs Energies, corroborating the statement of the Chairman further mentioned that Heirs Energies embodies the firm’s unique intention and approach to the energy sector.


Igiehon emphasised that Heirs Energies would not only focus on meeting Africa’s unique energy needs but also doing so in a sustainable and responsible manner that aligns with global environmental goals.


EnergyDay further gathered that Heirs Energies prioritises transparency, ethics, and corporate social responsibility, ensuring its operations deliver on its sustainability objectives to demonstrate Heirs Holdings founding philosophy of Africapitalism, ensuring the private sector drives African development, responsibly delivering economic and social transformation.