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Oil & Gas - Page 56

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

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

Business·FEATURES·Oil & Gas

Dangote Refinery: Will Petrol Price Crash?

In the ever-evolving saga of petrol prices, the Dangote Refinery emerges as a potential game-changer. While the answer to whether prices will crash remains elusive, a closer look at the intricacies reveals a landscape shaped by diverse factors. The Dangote Refinery, situated

January 14, 2024

Business·Oil & Gas

Dangote Refinery Kicks Off Crude Oil Refining, Paving Way For Nigeria’s Energy Independence

In the early hours of Friday, the Dangote Refinery, situated in Lekki, Lagos Nigeria, commenced operations following the successful delivery of six million barrels of crude supply in batches since December 2023. Expressing his enthusiasm, Mr. Aliko Dangote, President of Dangote Group,

January 13, 2024

News·Oil & Gas

Total Energies Visits NCDMB, Reconfirms FID for Ubeta Project In 2024, Others Underway

Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed on Thursday that the company would

January 12, 2024

Business·News·Oil & Gas

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

Nigerian National Petroleum Company Limited (NNPCL) announced its historic profit of N2.548tn in 2022, marking its peak since establishment.

January 10, 2024

Business·News·Oil & Gas

Dangote Refinery To Receive Fresh 4 Crude Oil Cargoes From NNPC In February

There are indications that the Dangote refinery is to receive a fresh supply of four crude oil cargoes from the Nigerian National Petroleum Company Limited (NNPCL) in February

January 10, 2024

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

Business·Oil & Gas

Dangote Refinery Ready To Begin Production As Crude Supply Hits 6m Barrels

Dangote Petroleum Refinery has marked a milestone as it announced the reception of its final shipment, totaling six million barrels of crude oil, essential for commencing its operations.

January 9, 2024

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·News·Oil & Gas

Nigerian Oil Marketers Assure Stable Fuel Prices, NNPCL To Bear Under-recovery Costs

Independent Petroleum Marketers Association of Nigeria (IPMAN), reassured the public on Monday that there are no plans to increase the pump price of Premium Motor Spirit (PMS), commonly known as petro

January 9, 2024

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

Business·Oil & Gas

Nigeria Mitigates OPEC Shortfall, Amidst UAE, Angola Oil Cuts

Last month, Nigeria emerged as a beacon of stability in the tumultuous world of oil production. As the UAE and Angola curtailed their outputs, Nigeria surged forward

January 8, 2024

IPMAN Seeks Dangote Refinery's Partnership For Direct Product Allocation, Eases Concerns Over Petrol Stability

News·Oil & Gas

IPMAN Allays Fears Of Petrol Price Increase, Urges Nigerians To Stop Panic Buying

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said there is no plan to increase pump price of Premium Motor Spirit (PMS) popularly called petrol by its members, urging Nigerians to stop engaging in panic buying. Chairman of IPMAN, Enugu Depot,

January 7, 2024

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Business·News·Oil & Gas

Port Harcourt Refinery Begins Operations After Test-run This Month – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the test run on the 60,000-barrels-per-day (bpd) Port Harcourt refinery is on course and would be concluded this month. Femi Soneye, the NNPCL’s spokesperson, gave the affirmation on Thursday that the impending

January 5, 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 56

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

Dangote Refinery: Will Petrol Price Crash?

Dangote Refinery Kicks Off Crude Oil Refining, Paving Way For Nigeria’s Energy Independence

Total Energies Visits NCDMB, Reconfirms FID for Ubeta Project In 2024, Others Underway

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

Dangote Refinery To Receive Fresh 4 Crude Oil Cargoes From NNPC In February

Dangote Refinery Ready To Begin Production As Crude Supply Hits 6m Barrels

Nigerian Oil Marketers Assure Stable Fuel Prices, NNPCL To Bear Under-recovery Costs

Nigeria Mitigates OPEC Shortfall, Amidst UAE, Angola Oil Cuts

IPMAN Allays Fears Of Petrol Price Increase, Urges Nigerians To Stop Panic Buying

Port Harcourt Refinery Begins Operations After Test-run This Month – NNPCL

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Amnesty International Lists Alleged Gross Human Rights Violations Under Buhari’s Administration

Air Peace Ushers in Third Embraer 190, Reinforcing Capacity and Additional Festive Connectivity

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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

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

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

Amnesty International Lists Alleged Gross Human Rights Violations Under Buhari’s Administration

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Oil & Gas - Page 56

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