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Oil & Gas - Page 38

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

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business·News·Oil & Gas

Dangote Refinery Rolls Out First PMS Products

Dangote Refinery has finally begun refining Premium Motor Spirit (PMS) also known as petrol. President of Dangote Group, Aliko Dangote, made a presentation of the first sample of petrol produced from the refinery on Tuesday. This comes after a series of postponements

September 3, 2024

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

Business·News·Oil & Gas

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

The price of petrol in Nigeria is on the verge of a significant increase, with estimates suggesting it could reach N1,300 per litre. This rise is attributed to the financial challenges faced by the Nigerian National Petroleum Company (NNPC) Limited, which is

September 3, 2024

Business·News·Oil & Gas

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

NNPC Faces Financial Challenges Due to Rising Supply Costs NNPC Ltd. is facing significant financial pressure due to rising Premium Motor Spirit (PMS) supply costs. This situation is putting a strain on the company’s ability to maintain a stable fuel supply, raising

September 2, 2024

Business·News·Oil & Gas

Nigerians Groan As Price Of Cooking Gas Rises 16.7% To N1,400/kg In 1 Month

The price of Liquefied Petroleum Gas (LPG), also known as cooking gas, has risen to N1,400 per kilogram (Kg) this month, reflecting 16.7 per cent, month-on-month increase from N1,200 in July. Prime Business Africa’s checks revealed that 5kg has risen to N7,000

August 29, 2024

Business·News·Oil & Gas

NNPCL Would Be Mini Aramco Today If Set Up Like NLNG – Expert

Financial analyst and educator, Kalu Aja, has asserted that the Nigeria National Petroleum Company Limited (NNPCL) could have become at least a mini ARAMCO if it was set up like the Nigeria Liquefied Natural Gas (NLNG) Limited. Aramco is the Saudi Arabian

August 27, 2024

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business·News·Oil & Gas

Nigeria’s Crude Oil Production Declines To 1.4mbpd In Q2 – NBS

NBS Report Highlights Drop in Crude Oil Production The Nigeria Bureau of Statistics (NBS) has released its quarterly Gross Domestic Product (GDP) report for 2024, revealing a decline in Nigeria’s crude oil production. According to the report, the average daily crude oil

August 27, 2024

Business·News·Oil & Gas

Petrol Pricing Discussions Intensify As Dangote Refinery Readies September Launch

Petrol Pricing Talks Ahead of Dangote Refinery Launch As Nigeria gears up for the imminent launch of the Dangote Petroleum Refinery, discussions on petrol pricing have taken centre stage. The Federal Government’s committee, established to ensure the sale of crude oil to

August 27, 2024

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

Business·News·Oil & Gas

NNPC Begins Gas Exports To Asia, Targets New Markets

NNPC Exports Gas to China and Japan The Nigeria National Petroleum Corporation (NNPC) Limited, has commenced the export of Liquefied Natural Gas (LNG), to the Asian markets of China and Japan, marking a significant milestone in its global energy strategy. This development,

August 27, 2024

5 Reasons Nigeria's Crude Oil Production is Declining – And What Next

Business·FEATURES·News·Oil & Gas

Is Nigeria’s Crude Oil Supply Policy Recipe For Economic Sabotage?

Nigeria’s Controversial Crude Oil Supply Policy: What’s at Stake? Nigeria’s latest push to prioritise domestic crude oil supply over exports is raising alarm bells across the oil industry. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream Petroleum Regulatory Authority

August 25, 2024

Business·News·Oil & Gas

Oando Completes $783m Acquisition Of Agip Oil

Oando PLC has announced that it has successfully completed acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC), from the Italian energy company, Eni. A statement signed by Ayotola Jagun, Oando Chief Compliance Officer and Company Secretary,

August 23, 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 38

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

Dangote Refinery Rolls Out First PMS Products

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

Nigerians Groan As Price Of Cooking Gas Rises 16.7% To N1,400/kg In 1 Month

NNPCL Would Be Mini Aramco Today If Set Up Like NLNG – Expert

Nigeria’s Crude Oil Production Declines To 1.4mbpd In Q2 – NBS

Petrol Pricing Discussions Intensify As Dangote Refinery Readies September Launch

NNPC Begins Gas Exports To Asia, Targets New Markets

Is Nigeria’s Crude Oil Supply Policy Recipe For Economic Sabotage?

Oando Completes $783m Acquisition Of Agip Oil

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