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Oil & Gas - Page 29

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

Why We Resort To Importing Crude From U.S. – Dangote

Oil & Gas·Opinion

Implications Of Dangote Refinery’s Case Against NNPC And Others On Nigeria’s Energy Sector

Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit at the Federal High Court in Abuja, seeking to nullify the import licenses issued to the Nigeria National Petroleum Corporation Limited (NNPC), Matrix Petroleum Services Limited, A.A. Rano Limited, and four other

October 21, 2024

Business·News·Oil & Gas

Nigeria Govt Approves $1.28bn Seplat-ExxonMobil Deal 2 Years After

Nigerian government has approved the sale of Exxon Mobil’s onshore assets to Seplat Energy, more than two years after the $1.28 billion deal was struck by the two energy firms. Chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga

October 21, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas

Dangote Refinery Supplies Two-Thirds Of Nigeria’s Jet Fuel As Imports Decline

Dangote Refinery Takes Lead in Jet Fuel Production Aviation jet fuel from the Dangote Refinery has come to dominate Nigeria’s supply, accounting for roughly two-thirds of the market. This development marks a shift in the country’s reliance on imported jet fuel, with

October 21, 2024

Oil & Gas

Aftermath Of Round Table Discussion: Oil Companies, HCDT In For Better Days

A two day roundtable discussion aimed at exploring the full benefit of the Petroleum Industry Act (PIA), Gender Equality and social inclusion as well as Community Needs Assessment has ended in Port Harcourt, Rivers State. The round table discussion, which has stakeholders

October 18, 2024

Business·FEATURES·News·Oil & Gas

The Safety Of Using CNG: A Growing Concern After Benin Explosion

The Push for CNG Adoption in Nigeria As Nigeria continues its shift from petrol and diesel-powered vehicles to Compressed Natural Gas (CNG), a recent incident has thrown safety concerns into the spotlight. On Thursday, October 17, a tragic explosion occurred at a

October 18, 2024

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Business·FEATURES·News·Oil & Gas

Fuel Prices Hike: A Double-Edged Sword For Economic Reform

Fuel Subsidy Removal: Economic Strategy or Crisis Catalyst? Nigeria’s removal of fuel subsidies is a major turning point in its economic strategy. With petrol prices now exceeding N1,000 per litre in many cities, the government claims this move is necessary for long-term

October 18, 2024

Oil & Gas

CNG Vehicle Explosion: FG Blames Faulty Cylinder, Warns Against Use Of Unaccredited Conversion Centres

The Federal Government has blamed the explosion of compressed natural gas (CNG) vehicle in Edo State on improperly welded Cylinder. The CNG-powered vehicle exploded at the NIPCO gas station in Aduwawa, along the Benin-Auchi highway, on Thursday, October 17, 2024, leaving many

October 17, 2024

Dangote Refinery, FCCPC Clash As NNPCL Insists On Importation Of Fuel

Business·News·Oil & Gas

NNPC Still Sole Off-taker For Dangote Petrol, Marketers Insist

NNPC Retains Control Despite Government Directive The Nigerian National Petroleum Company Limited (NNPC) remains the sole off-taker of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery, despite a recent directive by the Federal Government allowing other oil marketers to purchase directly

October 17, 2024

Nigeria's petrol Import declines In October As Dangote Refinery boosts production

Business·News·Oil & Gas

Nigeria’s petrol Import declines As Dangote Refinery Boosts Production

The importation of petrol into Nigeria has seen a significant drop recently, marking a shift in the country’s fuel supply landscape. According to a report by S&P Global Commodity Insights, the first two weeks of October revealed a steep decline in petrol

October 17, 2024

Fuel Price Racketeering: Dangote Must Do More for Nigerians

Business·Oil & Gas·Opinion

NNPC, Dangote Refinery And The Politics Of Petrol Pricing: Where Are We?

The situation of things concerning the prices of premium motor spirit (PMS) popularly called petrol continues to be a subject of great concern to many Nigerians. This is particularly because Nigerians continue to expect a fall in the prices of petroleum products

October 16, 2024

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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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

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Oil & Gas - Page 29

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

Implications Of Dangote Refinery’s Case Against NNPC And Others On Nigeria’s Energy Sector

Nigeria Govt Approves $1.28bn Seplat-ExxonMobil Deal 2 Years After

Dangote Refinery Supplies Two-Thirds Of Nigeria’s Jet Fuel As Imports Decline

Aftermath Of Round Table Discussion: Oil Companies, HCDT In For Better Days

The Safety Of Using CNG: A Growing Concern After Benin Explosion

Fuel Prices Hike: A Double-Edged Sword For Economic Reform

CNG Vehicle Explosion: FG Blames Faulty Cylinder, Warns Against Use Of Unaccredited Conversion Centres

NNPC Still Sole Off-taker For Dangote Petrol, Marketers Insist

Nigeria’s petrol Import declines As Dangote Refinery Boosts Production

NNPC, Dangote Refinery And The Politics Of Petrol Pricing: Where Are We?

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SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

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Amnesty International Lists Alleged Gross Human Rights Violations Under Buhari’s Administration

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Oil & Gas - Page 29

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