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Oil & Gas - Page 52

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

Jigawa Residents Spent More On Petrol In June

Business·Oil & Gas

IPMAN Seeks Direct Fuel Supply From NNPCL To Offer Lower Prices For Nigerians

Independent oil marketers are calling for direct access to premium motor spirit (PMS) from the Nigerian National Petroleum Company Limited (NNPCL) to offer lower prices to consumers. Abubakar Maigandi, the National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), emphasized

February 15, 2024

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

Business·Oil & Gas

Dangote Refinery Set To Export 2 Fuel Cargoes

The Dangote Petroleum Refinery has initiated tenders to sell two fuel cargoes for export, marking a pivotal moment in Nigeria’s energy sector. Speaking on the matter, industry insiders revealed that the refinery, with its colossal $20 billion investment, is poised to transform

February 15, 2024

Nigeria Needs Improved Security, Investment To Achieve Over 2 mbpd Crude Oil Production – Report

Business·Oil & Gas

How Nigeria’s Crude Oil Production Slips To 1.419mbpd – OPEC

Nigeria experienced a slight dip in its crude oil production, falling to 1.42 million barrels per day (mbpd), as reported by the Organisation of Petroleum Exporting Countries (OPEC) for January 2024.

February 15, 2024

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

Business·Oil & Gas

Nigeria’s Oil Output Surges To 1.4 million Bpd, Fueling Economic Optimism

Amidst a global surge in crude oil prices, Nigeria’s oil production witnessed an upswing, reaching 1,426,574 barrels per day in January 2024. This is shown in data obtained from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). READ ALSO: Major Events That Shaped Nigeria’s

February 14, 2024

Business·News·Oil & Gas

Nigeria’s Power Minister Advocates Naira Payments For Gas

In a bid to address the persistent challenges plaguing Nigeria’s power sector, Minister of Power, Adebayo Adelabu, has unveiled a proposal to mandate domestic gas payments in naira. This initiative aims to combat the recurrent shortage of gas supply, a major hindrance

February 10, 2024

Oil & Gas

Shell Nigeria Seeks NCDMB’s Support For Its Oil, Gas Projects

The leadership of Shell Companies in Nigeria on Wednesday sought the support of the Nigerian Content Development and Monitoring Board (NCDMB) to achieve accelerated development of three major oil and gas projects notably Bonga North deepwater and HI and HA, which are

February 8, 2024

News·Oil & Gas

NNPCL, TotalEnergies Celebrate As Production Begins On Akpo West Oil Field

NNPCL and TotalEnergies have announced the successful commencement of oil production from the Akpo West Field located 135 kilometres off the coast on Petroleum Mining Licence (PML) 2.

February 8, 2024

Business·Oil & Gas

How Delay Of Govt Approval Hinders Dangote Refinery Fuel Release

The much-anticipated release of aviation fuel (Jet A1) and diesel from the Dangote Petrochemical Refinery into the Nigerian market has hit a regulatory snag, delaying the commencement of sales.

February 8, 2024

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·Oil & Gas

Why Global Oil Market Needs $14trn Investment – OPEC

In a paradigm-shifting address at India Energy Week, OPEC’s Secretary General Haitham al-Ghais illuminated the pressing need for $14 trillion investment in the global oil market over the next two decades. His remarks underscored the critical juncture at which the energy sector

February 7, 2024

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business·News·Oil & Gas

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Long queues at filling stations in Lagos State have sparked concerns among residents, leading to speculation about a potential fuel scarcity. However, the Nigerian National Petroleum Company Limited (NNPCL) has moved to allay fears, attributing the situation to what it terms a

February 6, 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 52

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

IPMAN Seeks Direct Fuel Supply From NNPCL To Offer Lower Prices For Nigerians

Dangote Refinery Set To Export 2 Fuel Cargoes

How Nigeria’s Crude Oil Production Slips To 1.419mbpd – OPEC

Nigeria’s Oil Output Surges To 1.4 million Bpd, Fueling Economic Optimism

Nigeria’s Power Minister Advocates Naira Payments For Gas

Shell Nigeria Seeks NCDMB’s Support For Its Oil, Gas Projects

NNPCL, TotalEnergies Celebrate As Production Begins On Akpo West Oil Field

How Delay Of Govt Approval Hinders Dangote Refinery Fuel Release

Why Global Oil Market Needs $14trn Investment – OPEC

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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Oil & Gas - Page 52

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