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Oil & Gas - Page 49

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

Buhari, Jonathan, Shettima Others Celebrate Tinubu At 73

Business·News·Oil & Gas

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

President Bola Tinubu has defended his administration’s decision to discontinue fuel subsidy payments, stating that it was a necessary action to prevent Nigeria from going bankrupt. Speaking at the Special World Economic Forum in Riyadh, Saudi Arabia, Tinubu acknowledged that the policy

April 29, 2024

Business·News·Oil & Gas

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

The Socio-Economic Rights and Accountability Project (SERAP) is filing a lawsuit against the Nigerian National Petroleum Corporation (NNPC) over the company’s inability to clarify and account for the missing $2.04 billion and N164 billion alleged missing oil revenue. According to SERAP, the

April 28, 2024

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

Business·News·Oil & Gas

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

The $20 billion refinery project in Nigeria, the brainchild of Africa’s richest man, Aliko Dangote, is having payment problems, which is delaying the discharge of crude oil shipment from Chinese state energy giant PetroChina. Since March 28, two million barrels of West

April 26, 2024

AMA News·Oil & Gas

Renewable Energy: The Hottest Investment Space in Africa

LONDON, England, 24 April 2024, /African Media Agency/- Renewable Energy is one of the hottest investment spaces in Africa and AFSIC – Investing in Africa 2024 will continue to highlight important discussions from top companies on the topic in our Sustainable Development stream sponsored by Executives

April 24, 2024

Business·News·Oil & Gas·World News

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

According to data released by the Joint Organisations Data Initiative (JODI), global crude oil production took a dip by 1.2 million barrels per day (bpd) in February compared to the same period last year. This decline was primarily attributed to steep output

April 18, 2024

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Business·News·Oil & Gas

Dangote, Modular Refineries To Pay Naira For Crude Oil- Nigerian Govt

The Nigerian government has greenlit domestic crude oil transactions to be conducted in naira or dollars, addressing long-standing concerns of indigenous refineries and operators. The declaration, announced by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), aims to streamline the process and ensure

April 16, 2024

Business·Oil & Gas

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

Wumi Iledare, has called on authorities in Nigeria's oil and gas sector to come up with drastic measures to ramp up crude oil production which is the major revenue earner for the country.

April 15, 2024

Business·Markets·News·Oil & Gas

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigeria, Africa’s largest oil producer, faced a significant revenue setback as a consequence of consecutive declines in crude oil production. The country lost about N720 billion due to a slump in production during February and March 2024. According to data from the

April 15, 2024

Business·News·Oil & Gas

Nigerian Military Cracks Down On Oil Theft, Seizes 700,000 Stolen Liters Of Crude

The Nigerian military has intensified efforts to tackle the rampant issue of oil theft in the Niger Delta region, with a recent operation resulting in the recovery of approximately 700,000 liters of stolen crude oil. Major-General Edward Buba, the Defence spokesperson, revealed

April 14, 2024

Business·News·Oil & Gas

Oil Theft, Vandalism Plague Nigeria’s Oil Production, OPEC Reports Decline To 1.23mbpd

Nigeria’s oil production saw a decline for the second consecutive month, hitting 1.231 million barrels per day in March, according to the latest report from the Organisation of Petroleum Exporting Countries (OPEC). The country’s oil output took a hit as it produced

April 12, 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 49

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

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

Renewable Energy: The Hottest Investment Space in Africa

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

Dangote, Modular Refineries To Pay Naira For Crude Oil- Nigerian Govt

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigerian Military Cracks Down On Oil Theft, Seizes 700,000 Stolen Liters Of Crude

Oil Theft, Vandalism Plague Nigeria’s Oil Production, OPEC Reports Decline To 1.23mbpd

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

NMDPRA CEO Distances Self From Viral Statement on Allegations

Tinubu Engages Labour Leaders in Midnight Meeting Over Planned National Protest

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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Oil & Gas - Page 49

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