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Oil & Gas - Page 24

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Refinery Resumes U.S. Crude Import Amidst Domestic Supply Challenges

U.S. Oil Imports Resume After Hiatus The Dangote Petroleum Refinery has resumed importing crude oil from the United States after a three-month break. A shipment carrying two million barrels of WTI Midland crude from Chevron Corporation is expected at the refinery in

November 21, 2024

Illegal Refineries: Nigerian Navy Destroys 23 Sites, Recovers Stolen Crude

Business·News·Oil & Gas

Nigerian Navy Intensifies Fight Against Illegal Refineries, Destroys 23 Sites

Navy Intensifies Fight Against Illegal Refineries The Nigerian Navy has escalated its battle against illegal refineries, uncovering and destroying 23 sites in October alone. This effort, part of Operation DELTA SANITY, has led to significant recoveries, including large quantities of stolen crude

November 20, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas

Dangote Refinery Begins Petrol Export To Togo, Other West African Countries

A New Era for Regional Fuel Markets In a significant development for West Africa’s energy sector, the Dangote Refinery has officially started exporting petrol to neighbouring Togo. This marks the beginning of what could be a game-changing shift in regional fuel markets.

November 20, 2024

NNPC Promises Completion Of Port Harcourt Refinery Soon Amid Senate Concerns

Business·News·Oil & Gas

NNPC Admits Challenges Delaying Port Harcourt Refinery Takeoff, Promises Completion Soon

Port Harcourt Refinery Rehabilitation Hits Snags The Nigerian National Petroleum Company (NNPC) Limited has disclosed reasons for the delay in completing the Port Harcourt Refinery’s rehabilitation, two months after missing its September deadline. The NNPC stated that unforeseen technical challenges in the

November 19, 2024

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Business·FEATURES·News·Oil & Gas·Top Stories

Is Dangote Refinery’s 60 Million Litres Enough For Nigeria?

Dangote Refinery: A New Chapter in Fuel Distribution The Dangote Petroleum Refinery recently announced a significant agreement to supply the Independent Petroleum Marketers Association of Nigeria (IPMAN) with 60 million litres of petrol weekly. This development is being hailed as a game-changer

November 19, 2024

Benefits Of Dangote Refinery’s PMS, Diesel Distribution Plan

Business·News·Oil & Gas

Dangote Refinery Partners With Marketers For Weekly Supply Of 60 Million Litres Of Petrol

The Dangote Petroleum Refinery has struck a game-changing agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN) to supply 60 million litres of Premium Motor Spirit (PMS), or petrol, every week. This direct supply deal aims to streamline fuel distribution across

November 18, 2024

How Crude Oil Theft Stifles Nigeria's Oil Potential Despite OPEC Quota Progress

Business·FEATURES·News·Oil & Gas·Top Stories

How Crude Oil Theft Stifles Nigeria’s Potential Despite OPEC Quota Progress

Crude Oil Theft: A Persistent Challenge Nigeria recently achieved a production milestone of 1.8 million barrels per day (mbpd), inching closer to its OPEC quota. However, crude oil theft remains a significant issue undermining the country’s oil sector. Experts warn that this

November 18, 2024

Trump’s Oil Tsunami: Will Nigeria Sink Or Swim?

Business·FEATURES·News·Oil & Gas·Top Stories·World News

How Trump’s Energy Policies Could Affect Nigeria

Trump’s Energy Strategy Raises Alarm for Nigeria The return of Donald Trump as the 47th president of the United States brings renewed focus on his “America First” energy strategy, which could have significant implications for oil-dependent nations like Nigeria. As discussions unfold,

November 16, 2024

Business·News·Oil & Gas

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

International Economist and Global Strategist, Derego Williams, has stated that Nigeria’s record of hitting 1.8 million barrels per day of crude oil production in November is like “a drop in the bucket” compared to what the country used to produce in the

November 15, 2024

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

Business·News·Oil & Gas

NNPC Hits 1.8mbpd Oil Production, Eyes 2mbpd By Year End

The Nigerian National Petroleum Company Limited (NNPCL) says collaboration with its partners has enabled it to increase crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4 standard cubic feet per day (scfd). The company which made this known

November 14, 2024

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Oil & Gas - Page 24

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

Dangote Refinery Resumes U.S. Crude Import Amidst Domestic Supply Challenges

Nigerian Navy Intensifies Fight Against Illegal Refineries, Destroys 23 Sites

Dangote Refinery Begins Petrol Export To Togo, Other West African Countries

NNPC Admits Challenges Delaying Port Harcourt Refinery Takeoff, Promises Completion Soon

Is Dangote Refinery’s 60 Million Litres Enough For Nigeria?

Dangote Refinery Partners With Marketers For Weekly Supply Of 60 Million Litres Of Petrol

How Crude Oil Theft Stifles Nigeria’s Potential Despite OPEC Quota Progress

How Trump’s Energy Policies Could Affect Nigeria

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

NNPC Hits 1.8mbpd Oil Production, Eyes 2mbpd By Year End

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Oil & Gas - Page 24

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