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Oil & Gas - Page 53

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

Oil & Gas·World News

U.S. Shale Oil Boom Faces Uncertain Future As Global Dynamics Shift

In the aftermath of the Red Sea crisis and Saudi Arabia halting oil production expansion, questions arise about the sustainability of the U.S. shale oil boom. Last year’s unexpected production surge, fueled by efficiency gains, faces skepticism as analysts ponder the potential

February 5, 2024

News·Oil & Gas

NNPCL Unveils 36 Oil Block Concessions With Global, Local Partners

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed the concession of 36 oil blocks to international and indigenous oil companies. According to the NNPCL’s latest financial statements, these concessions span deepwater, continental shelf, land, swamp, and partially swamp terrains. Noteworthy blocks

February 4, 2024

Business·Oil & Gas

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

NNPCL has revealed that it is on track to complete mechanical phase rehabilitation of the Warri Refining and Petrochemical Company (WRPC) in the first quarter of 2024.

February 3, 2024

#EndBadGovernance Protests: PDP Criticises Tinubu's Silence, Demands Immediate Response

News·Oil & Gas

Tinubu Orders Resolution Of $1.3bn OML 245 Oil Block Dispute

Tinubu has instructed key government figures and agencies, including the Attorney-General of the Federation, Lateef Fagbemi, and Minister of State for Petroleum Resources, Heineken Lokpobiri, to expedite the resolution of all court cases surrounding the long-standing $1.3bn deepwater OML 245 oil block

February 1, 2024

Why Port Harcourt refinery can’t work this December as promised - Ex-NNPC chief

Business·Oil & Gas

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

The are concerns over the delayed launch of refined products from the Port Harcourt Refining Company.

February 1, 2024

Business·Oil & Gas

NNPCL Woos South Korean Investors To Gas Projects In Nigeria

In a move to harness Nigeria's abundant gas resources for global energy markets, the Nigerian National Petroleum Company Limited (NNPCL) has engaged in discussions with a South Korean consortium led by Daewoo E & C.

January 31, 2024

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Business·Oil & Gas

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

In the early hours of GMT+1, Brent crude hit $82.65 per barrel, reflecting a market grappling with uncertainties. U.S. WTI crude futures saw a 0.4% rise, reaching $77.09, bouncing back from Monday’s dip fueled by fears surrounding Chinese demand and the China

January 30, 2024

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

Business·Oil & Gas

Dangote Refinery: ‘Catalyst For Naira Value Enhancement, Economic Growth’

In the pursuit of strengthening the value of the Nigerian Naira, financial experts have advocated a strategic increase in crude oil production in conjunction with the anticipated impact of the Dangote Refinery.

January 26, 2024

Fuel Scarcity Looms In South-East, South-South, Others As IPMAN Threatens To Stop Supply

Business·Oil & Gas

Oil Marketers Seek Tax Relief Amidst Profit Downturn

IPMAN vice president lamented about the dire situation faced by oil marketers, requesting tax relief from the Federal Government to navigate the challenging economic conditions posed by the removal of fuel subsidy.

January 25, 2024

Business·Oil & Gas

NNPCL Unveils 150 Million Litres Storage Facility, Aviation Arm, As Port Harcourt Refinery Gears Up For Production

NNPCL has announced the completion of a state-of-the-art 150 million litres storage facility at Atlas Cove, ahead of the full-scale operations of the Port Harcourt Refining Company.

January 25, 2024

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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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

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Oil & Gas - Page 53

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

U.S. Shale Oil Boom Faces Uncertain Future As Global Dynamics Shift

NNPCL Unveils 36 Oil Block Concessions With Global, Local Partners

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

Tinubu Orders Resolution Of $1.3bn OML 245 Oil Block Dispute

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

NNPCL Woos South Korean Investors To Gas Projects In Nigeria

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

Dangote Refinery: ‘Catalyst For Naira Value Enhancement, Economic Growth’

Oil Marketers Seek Tax Relief Amidst Profit Downturn

NNPCL Unveils 150 Million Litres Storage Facility, Aviation Arm, As Port Harcourt Refinery Gears Up For Production

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Neimeth Generates N3.09bn From Drug Sales In Nine Months

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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

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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

Neimeth Generates N3.09bn From Drug Sales In Nine Months

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