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Oil & Gas - Page 40

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

Dangote: We Didn’t Discuss Petrol Price With IPMAN, Denies Fixing ₦600/Litre

The Dangote Petroleum Refinery has refuted claims of fixing petrol price at ₦600 per litre. A report had claimed that independent petroleum marketers projected that petrol to be supplied from the refinery would be sold at ₦600 per litre. However, the Dangote

August 14, 2024

NNPCL Crude Sales In Naira Will Boost Economy - Nigerian Govt

Business·News·Oil & Gas

How NNPCL Crude Sales In Naira Will Boost Economy

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday held a strategic meeting with relevant stakeholders in Abuja to ensure implementation of President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude

August 14, 2024

Business·News·Oil & Gas

Nigeria’s Crude Oil Production Surges To 1.3mbpd In July

Nigeria’s average daily crude oil production increased to 1.307 million barrels per day (mbpd) in July. This was revealed in the Organisation of the Petroleum Exporting Countries (OPEC) monthly Oil Market Report for August 2024 released on Monday. According to OPEC’s report,

August 13, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·News·Oil & Gas

Dangote: No Refinery Across The World Depends On Domestic Crude Oil Supply – Kachikwu

Amid the ongoing face-off between the Dangote Refinery Limited and the regulators in Nigeria’s oil and gas sector over domestic crude oil supply obligation, businessman and media entrepreneur, Dumebi Kachikwu, has said no refinery in the world depends on local producers for

August 13, 2024

Elumelu’s Transcorp Power Records 55.4% Revenue Increase In Q1

Business·News·Oil & Gas

Elumelu To Nigerian Govt: Tell Us Those Behind Oil Theft

The Chairman Of United Bank for Africa and Heirs Holdings, Tony Elumelu, has charged the Federal Government and security operatives to tell Nigerians those behind oil theft, which has over the years kept crude production below output target. The billionaire business and

August 11, 2024

Presidency Foreign Trips: Tinubu Fiddles While Nigeria Burns – Atiku

News·Oil & Gas

We Must Stand Against Attempts To Frustrate Dangote Refinery – Atiku Charges Nigerians

Former Nigeria’s Vice President, Atiku Abubakar, has called for a decisive stand against any attempt to frustrate the Dangote Refinery. According to Atiku, the Dangote Refinery is “a significant private sector project positioned to meet our energy and forex needs,” and warned

August 11, 2024

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Business·News·Oil & Gas

Dangote Refinery’s Supplies Will Disrupt Europe’s Oil & Gas Industry – OPEC

The Organisation of Petroleum Exporting Countries (OPEC), has noted that supplies from 650,000bpd capacity Dangote Refinery and Petrochemical Company will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC in its newly released monthly Oil

August 8, 2024

Business·News·Oil & Gas

Dangote-Regulator Face-off: We Didn’t Sabotage Any Refinery – NNPCL Boss

The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mr. Mele Kyari has said the company has not sabotaged any domestic refinery. He said the national oil company has not breached any law guiding its dealings with partners,

August 7, 2024

News·Oil & Gas

NNPCL Exports 950,000 Barrels Cargo Of New Crude Oil Grade To Europe

A new crude oil grade called Utapate has been unveiled to the global market by the Nigerian National Petroleum Company Limited (NNPCL). The first cargo of 950,000 barrels of the Utapate crude oil mix was exported to Spain in July from Oil

August 6, 2024

CNG Will Save N2trn Monthly Spend On Petrol, Diesel - Tinubu

Business·News·Oil & Gas

CNG Will Save N2trn Monthly Spending On Petrol, Diesel – Tinubu

Nigeria’s President, Bola Ahmed Tinubu, has underscored the economic benefits of the Compressed Natural Gas (CNG) Initiative launched by the Federal Government to reduce transportation costs. Tinubu said the initiative will save N2 trillion spent monthly on the importation of Premium Motor

August 4, 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 40

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

Dangote: We Didn’t Discuss Petrol Price With IPMAN, Denies Fixing ₦600/Litre

How NNPCL Crude Sales In Naira Will Boost Economy

Nigeria’s Crude Oil Production Surges To 1.3mbpd In July

Dangote: No Refinery Across The World Depends On Domestic Crude Oil Supply – Kachikwu

Elumelu To Nigerian Govt: Tell Us Those Behind Oil Theft

We Must Stand Against Attempts To Frustrate Dangote Refinery – Atiku Charges Nigerians

Dangote Refinery’s Supplies Will Disrupt Europe’s Oil & Gas Industry – OPEC

Dangote-Regulator Face-off: We Didn’t Sabotage Any Refinery – NNPCL Boss

NNPCL Exports 950,000 Barrels Cargo Of New Crude Oil Grade To Europe

CNG Will Save N2trn Monthly Spending On Petrol, Diesel – Tinubu

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Oil & Gas - Page 40

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