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Oil & Gas - Page 47

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

Nigeria’s Oil GDP Growth Slows To 5.7% In Q1 2024

Nigeria, Africa’s largest oil producer, faces a significant challenge as its oil Gross Domestic Product (GDP) growth slows to 5.7 percent in the first quarter of 2024. The country, which relies heavily on oil production for about two-thirds of its government earnings

May 28, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Refinery To Begin Diesel Exports In June, Gets NMDPRA’s Approval To Refine Petrol

The Dangote Refinery, Africa’s largest, is set to commence the export of diesel meeting European standards in June, alongside the introduction of gasoline into the Nigerian market. This development was confirmed by Devakumar Edwin, Vice President for Oil and Gas at Dangote

May 27, 2024

Business·News·Oil & Gas

Nigeria Customs Seizes 17,580 Litres Of Petrol In Less Than 60 Days

The Nigeria Customs Service, Federal Operations Unit, Zone D, has announced the interception of 17,580 litres of premium motor spirit (PMS) valued at N12.7 million. This operation took place between April and May 2024, focusing on the Mubi and Yola axis of

May 23, 2024

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

Business·News·Oil & Gas

Dangote Refinery Raises Diesel Prices To N1,100 Amid Naira’s Decline

Dangote Petroleum Refinery has increased the price of its Automotive Gas Oil (diesel) from N940/litre to N1,100/litre due to the recent depreciation of the naira against the US dollar. The refinery’s decision, announced recently, reflects ongoing challenges in Nigeria’s energy market. “We

May 22, 2024

Dangote Sugar Refinery, NASCON Allied, Dangote Rice To Merge

Oil & Gas·Opinion

Dangote To The Rescue

For the first time in about 25 years, Nigerians heard a truly comforting fuel news. The owner of Dangote Refinery, the man himself, Aliko Dangote, assured that Dangote Refinery operations were finally here for real. This news has positively punctuated government’s litany

May 20, 2024

NNPC: Oil Production To Increase To 1.7mbpd Amid Infrastructure Challenges

Business·News·Oil & Gas

NNPC: Oil Production Nears 1.7mbpd Amid Infrastructure Challenges

In an engagement with stakeholders in Lagos, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), highlighted strides towards enhancing Nigeria’s oil production. From April’s 1.28 million barrels per day, Kyari disclosed that production is steadily

May 20, 2024

Business·News·Oil & Gas

Dangote Refinery To Import 24 Million Barrels Of Crude Oil From U.S.

In a move set to bolster its operations, the Lagos-based Dangote Refinery, spearheaded by Africa’s wealthiest entrepreneur Aliko Dangote, has announced plans to procure 24 million barrels of US crude oil over the next year. This initiative underscores the refinery’s commitment to

May 17, 2024

Business·News·Oil & Gas

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

NNPC E&P and Natural Oilfield Services Ltd, a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd. (SEEPCO), have begun oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State.

May 13, 2024

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

Business·News·Oil & Gas

NNPC: Nigerian Govt Plans Fresh Audit On N2.7tn Fuel Subsidy Claims

The Nigerian National Petroleum Company Limited (NNPCL) is under scrutiny once again as the Federal Government gears up for an audit of the N2.8 trillion fuel subsidy claims. This move comes in the wake of previous audits that slashed initial claims from

May 9, 2024

Business·News·Oil & Gas

NUPENG Defies Court Order, Continues Illegal Dues Collection At Dangote Refinery

The leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has been accused of disobeying a restraining court order, allowing a factional group to illegally collect dues and levies from tanker drivers at the Dangote refinery in Lagos. According

May 9, 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 47

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

Nigeria’s Oil GDP Growth Slows To 5.7% In Q1 2024

Dangote Refinery To Begin Diesel Exports In June, Gets NMDPRA’s Approval To Refine Petrol

Nigeria Customs Seizes 17,580 Litres Of Petrol In Less Than 60 Days

Dangote Refinery Raises Diesel Prices To N1,100 Amid Naira’s Decline

Dangote To The Rescue

NNPC: Oil Production Nears 1.7mbpd Amid Infrastructure Challenges

Dangote Refinery To Import 24 Million Barrels Of Crude Oil From U.S.

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

NNPC: Nigerian Govt Plans Fresh Audit On N2.7tn Fuel Subsidy Claims

NUPENG Defies Court Order, Continues Illegal Dues Collection At Dangote Refinery

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