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Oil & Gas - Page 34

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

Business·News·Oil & Gas

Why 3 Million Barrels Of Oil Production Daily Is Achievable – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) is confident that Nigeria can reach a daily crude oil production level of 3 million barrels. Mr. Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, shared this view during a Stakeholders Engagement Session with

September 29, 2024

Why NNPC Is Facing Challenges Meeting Crude Supply Demands To Dangote Refinery- PENGASSAN

Business·News·Oil & Gas

Why NNPCL Can’t Meet Crude Supply Demands To Dangote Refinery- PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has disclosed why the Nigerian National Petroleum Company (NNPC) Limited is facing difficulties in supplying crude oil to the Dangote Refinery. The revelation was made by PENGASSAN President, Festus Osifo, during

September 27, 2024

Business·FEATURES·News·Oil & Gas

Petrol Price: Can Strengthening The Naira Save Nigerians?

Rising Petrol Price Sparks Concern The price of petrol has become a pressing concern for Nigerians, with many wondering if there is a way out of the current economic situation. The reality is that the price of petrol directly affects every aspect

September 26, 2024

Business·FEATURES·Oil & Gas

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Apart from the recent hike in petrol price, Nigerians are also confronted with a 70 per cent surge in price of Liquefied Petroleum Gas (LPG), also known as cooking gas. This no doubt has taken a heavier toll on income of households as

September 26, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Backs End Of Petrol Subsidy, Citing Economic Gains

Nigerian billionaire Aliko Dangote has expressed strong support for ending the country’s long-standing petrol subsidy. During an interview with Bloomberg TV in New York, Dangote said, “The time is right to get rid of subsidies,” emphasising that the move could significantly benefit

September 24, 2024

Business·FEATURES·News·Oil & Gas

Nigeria’s Gas Gamble: Can The Brass LNG Revival Deliver On Promises?

A Bold Move Amid Gas Challenges The Nigerian government’s recent announcement to revive the long-abandoned Brass LNG project has sparked fresh debates and raised several questions. Set aside in 2006, the Brass LNG project was originally projected to produce 10 million tonnes

September 23, 2024

Nigerian Military Cracks Down On 71 Illegal Refineries, Seize 788,400 litres Of Stolen Crude Oil In 1 Week

Business·News·Oil & Gas

Military Destroys 71 Illegal Refineries, Seizes 788,400 Litres Of Stolen Crude Oil

Nigerian Troops Seize 788,400 Litres of Stolen Crude Oil in Niger Delta In a week-long operation, Nigerian troops have destroyed 71 illegal crude oil refining sites in the Niger Delta region. The military also seized 788,400 litres of stolen crude oil and

September 21, 2024

https://dangote.com/our-business/oil-and-gas/

Business·FEATURES·News·Oil & Gas

NNPCL VS Dangote Refinery: Price War Or Fraud?

NNPCL and Dangote Refinery in Pricing Controversy A fresh storm is brewing in Nigeria’s energy sector as the Nigeria Labour Congress (NLC) accuses the Nigeria National Petroleum Corporation Limited (NNPCL) and Dangote Refinery of engaging in fraudulent practices regarding fuel pricing. The

September 20, 2024

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·News·Oil & Gas

Taxes, Not Oil Prices, Driving Fuel Costs- OPEC

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has disclosed that taxes imposed by major oil-consuming countries, not oil prices, are the main driver behind rising fuel costs at the pump. Al Ghais revealed this during

September 19, 2024

Business·FEATURES·News·Oil & Gas

Nigeria’s Oil Sector: A Crisis Of Leadership, Corruption, Poor Governance

The oil sector has long been Nigeria’s economic lifeblood, contributing the bulk of its foreign exchange earnings and government revenue. Yet, despite the nation’s immense crude oil reserves, the industry is riddled with corruption, mismanagement, and leadership failures. The result is a

September 18, 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 34

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

Why 3 Million Barrels Of Oil Production Daily Is Achievable – NNPCL

Why NNPCL Can’t Meet Crude Supply Demands To Dangote Refinery- PENGASSAN

Petrol Price: Can Strengthening The Naira Save Nigerians?

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Dangote Backs End Of Petrol Subsidy, Citing Economic Gains

Nigeria’s Gas Gamble: Can The Brass LNG Revival Deliver On Promises?

Military Destroys 71 Illegal Refineries, Seizes 788,400 Litres Of Stolen Crude Oil

NNPCL VS Dangote Refinery: Price War Or Fraud?

Taxes, Not Oil Prices, Driving Fuel Costs- OPEC

Nigeria’s Oil Sector: A Crisis Of Leadership, Corruption, Poor Governance

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Oil & Gas - Page 34

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