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Oil & Gas - Page 39

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

News·Oil & Gas

Adoption Of Local Content Policy Will Boost Africa’s Energy Security, Economic Development – NCDMB

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has called on African countries to prioritise the adoption of local content policy for the oil and gas industry and other resources, stressing that it is veritable

August 22, 2024

Ezekwesili Backs JAMB Sanctions Against Mmesoma Over UTME Result Forgery

News·Oil & Gas·Power

We Need Total Deregulation Of Petroleum Sector Not Only Subsidy Removal – Ezekwesili

Former Nigeria’s Minister of the Education, Dr Oby Ezekwesili, called for a complete deregulation of the country’s petroleum sector, insisting that removal of subsidies is not enough. She said that overtime, experience has shown that merely changing the prices of petroleum products

August 21, 2024

Business·News·Oil & Gas

Lagos Residents Grapple With Transport Challenges As Fuel Scarcity Lingers

Lagos residents are grappling with transport challenges due to lingering fuel scarcity which has forced many commercial vehicles off the road. Between 7:30am and 9:00 am on Wednesday, 21st August, Prime Business Africa observed that many commuters were stranded at different bus

August 21, 2024

fuel scarcity stranded petrol tankers in Lagos

Business·News·Oil & Gas

Scarcity: Stranded Petrol Tankers Waiting For Supply Form Long Queue On Oshodi-Apapa Expressway

As petrol scarcity bites harder, tankers waiting to load petrol at depots in Apapa have formed a long queue along Oshodi-Apapa Expressway in Lagos, raising concerns about challenges of supply and safety as accidents could happen with petrol tankers queue on such

August 20, 2024

Business·News·Oil & Gas

NNPCL Reduces Stake In Dangote Refinery As It Repays 60% Of $1bn Loan

NNPCL Loan Repayment and Stake Reduction in Dangote Refinery The Nigerian National Petroleum Company Limited (NNPCL) has repaid 60 percent of the $1.036 billion loan it secured in September 2021 for its investment in the Dangote Petroleum Refinery and Petrochemicals Free Zone

August 20, 2024

Nigerian Govt Gives Date For Beginning Naira Crude Sales To Dangote Refinery Others

Business·News·Oil & Gas

Nigerian Govt To begin Crude Sales In Naira To Dangote Refinery, Others In October

The Nigerian government has said sales of crude oil in naira to Dangote Refinery and others will begin in October this year. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday, presided over a meeting of the

August 19, 2024

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business·News·Oil & Gas

Fuel Crisis: NNPCL’s Promises Fail To Ease Black Market Surge

Black Market Thrives Amid Fuel Scarcity The Nigerian National Petroleum Company Limited (NNPCL) promised to end the queues for Premium Motor Spirit (PMS), commonly known as petrol, by mid-week. However, the black market for PMS thrived on Sunday as the scarcity persisted.

August 19, 2024

Business·News·Oil & Gas

NNPCL Opens Up On Allegations Of $6.8bn Debt, Remittances To Federation Account

The Nigeria National Petroleum Company Limited (NNPCL) has denied allegations that it is owing international oil traders about $6.8 billion. The national oil company also said it is not true that it has not remitted revenues to the Federation Account since January

August 19, 2024

News·Oil & Gas

Minister Of Power Hails Savannah’s Investment In Nigeria’s Energy Sector

Minister of Power, Adebayo Adelabu, has applauded Savannah Energy, the British independent energy company ,for its investment in Nigeria’s energy sector, as well as its contribution to the growth of the domestic gas market to support national development. The Minister made the

August 17, 2024

Business·News·Oil & Gas

Matrix Energy Counters Claim Of Importing Substandard Petrol, Diesel

Matrix Energy Group has said its products have always complied with approved specifications, refuting allegations that it imports substandard petroleum products into Nigeria. The indigenous oil marketing company said it has been importing petroleum products for more than two decades and none

August 17, 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 39

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

Adoption Of Local Content Policy Will Boost Africa’s Energy Security, Economic Development – NCDMB

We Need Total Deregulation Of Petroleum Sector Not Only Subsidy Removal – Ezekwesili

Lagos Residents Grapple With Transport Challenges As Fuel Scarcity Lingers

Scarcity: Stranded Petrol Tankers Waiting For Supply Form Long Queue On Oshodi-Apapa Expressway

NNPCL Reduces Stake In Dangote Refinery As It Repays 60% Of $1bn Loan

Nigerian Govt To begin Crude Sales In Naira To Dangote Refinery, Others In October

Fuel Crisis: NNPCL’s Promises Fail To Ease Black Market Surge

NNPCL Opens Up On Allegations Of $6.8bn Debt, Remittances To Federation Account

Minister Of Power Hails Savannah’s Investment In Nigeria’s Energy Sector

Matrix Energy Counters Claim Of Importing Substandard Petrol, Diesel

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