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Oil & Gas - Page 48

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

Shell Paid Over $1bn In Taxes, Royalties To Nigerian Govt In 2023- Report

Shell Nigeria has disclosed that it has paid a sum of $1.09 billion to the Nigerian government in corporate taxes and royalties for the year 2023. These payments, as outlined in the 2023 Shell Briefing Notes, signify the ongoing commitment of the

May 8, 2024

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

Business·News·Oil & Gas

Fuel Scarcity: NNPC Warns Against Panic Buying, Reassures Sufficient Supply

The Nigerian National Petroleum Company Limited (NNPCL) has cautioned members of the public against engaging in panic buying of Premium Motor Spirit (PMS), also known as petrol, assuring that it now has sufficient stock that can meet supply needs for at least

May 7, 2024

Business·News·Oil & Gas

NECA Raises Concerns Over Impact Of Lingering Fuel Scarcity On Economy, Seeks FG’s Urgent Intervention

The Nigeria Employers’ Consultative Association (NECA), has called on the Federal Government to urgently intervene and address the lingering fuel scarcity, expressing concerns that it has created a significant negative impact on the economy. The Director General of NECA, Mr. Adewale-Smatt Oyerinde,

May 6, 2024

5 Reasons Nigerians Still Buy Generators despite High Fuel Cost

FEATURES·Oil & Gas

5 Reasons Nigerians Still Buy Generators Despite Unstable Fuel Costs

Despite steady rise in cost of fuel over the years, Nigerians have continued to buy generators for their various power needs. From N65 per litre between 2008 and 2011, the price of fuel was increased to N141 in 2012 during President Goodluck

May 5, 2024

Business·News·Oil & Gas

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

The Nigeria National Petroleum Corporation (NNPC) has attributed the lingering fuel scarcity in the country to panic buying and sharp practices by some petroleum marketers. However, petroleum marketers have disagreed with the NNPC’s position, citing inadequate supply as a major reason for

May 4, 2024

Business·News·Oil & Gas

Lagos, Anambra, Enugu Residents Lament Petrol Scarcity, Price Hike

Residents of Lagos, Enugu, and Anambra have lamented challenges posed by the raging scarcity of Premium Motor Spirit (PMS) also known as petrol, and the sudden hike in price of the product.

May 1, 2024

Business·News·Oil & Gas

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Amid the raging fuel scarcity in parts of Nigeria, the Nigerian National Petroleum Company Limited (NNPCL), and the Major Energies Marketers Association of Nigeria (MEMAN) have assured that there is adequate stock of Premium Motor Spirit (PMS) also known as petrol for

April 30, 2024

Fuel Price Chaos: From N195 To N1,200 In Less Than 2years Amid Economic Hardship

Business·News·Oil & Gas

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Petrol queues, crowded bus stops, traffic, and hikes in transport fares have returned to most states in Nigeria, with residents resorting to buying petrol in jerrycans, fondly referred to as ‘kegs’ as black market prices soar towards N1000 per litre due to

April 30, 2024

Oil & Gas·Opinion

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

At the World Economic Forum in Riyadh, Saudi Arabia, Sunday, Nigeria’s President, Bola Tinubu, argued that subsidy removal saved Nigeria from bankruptcy. Continued payment of subsidy by government would have impoverished the country, according to Tinubu

April 29, 2024

Business·Oil & Gas

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

Petroleum engineer, Mr Martin Onovo, has alleged that the Nigeria National Petroleum Company Limited (NNPCL) has not been providing accurate information about the status of ongoing rehabilitation of the Port Harcourt refinery. His comment comes amid worries expressed by Nigerians over the

April 29, 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 48

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

Shell Paid Over $1bn In Taxes, Royalties To Nigerian Govt In 2023- Report

Fuel Scarcity: NNPC Warns Against Panic Buying, Reassures Sufficient Supply

NECA Raises Concerns Over Impact Of Lingering Fuel Scarcity On Economy, Seeks FG’s Urgent Intervention

5 Reasons Nigerians Still Buy Generators Despite Unstable Fuel Costs

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Lagos, Anambra, Enugu Residents Lament Petrol Scarcity, Price Hike

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

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Oil & Gas - Page 48

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