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Oil & Gas - Page 58

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·Oil & Gas

Nigeria’s Riverside LNG To Supply Gas To South Africa

Nigeria-based Riverside LNG is engaging in discussions to supply gas to South Africa, marking the potential initiation of the first-ever gas deal between the two nations. Bloomberg reported on Wednesday that the company, led by Chief Executive Officer David Ige, who spearheaded

December 28, 2023

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·Oil & Gas

OPEC Predicts High Oil Demand In 2024

OPEC outlined roles for economic growth in 2024, expecting a surge in global oil demand by 2.2 million barrels per day (mb/d) year-on-year (y-o-y).

December 28, 2023

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

Business·News·Oil & Gas

Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

In a disclosure by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria experienced a significant setback in crude oil production, leading to a loss of about N289.6 billion in revenue for November 2023. This loss followed a decline in oil output compared to

December 25, 2023

Business·News·Oil & Gas

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria’s Oil Revenue Secrecy

SERAP has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over the alleged failure to disclose crucial financial details since the removal of petrol subsidy in May 2023.

December 24, 2023

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business·News·Oil & Gas

Port Harcourt Refinery’s Phase 2 Repair Set For Completion In Q4 2024 – Kyari

Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, has reassured that the second phase of repair works at the Port Harcourt refinery will be completed by the fourth quarter of 2024.

December 23, 2023

Nigeria Reaffirms OPEC Commitment Amid Angola's Exit, Aims To Exceed Production Targets

Africa·Business·News·Oil & Gas

Nigeria Reaffirms Commitment To OPEC, Aims To Exceed Production Targets Amid Angola’s Exit

Following Angola’s withdrawal from the Organisation of Petroleum Exporting Countries (OPEC), Nigeria has reiterated its allegiance to OPEC while vowing to surpass production targets set by the organisation in 2024. Addressing concerns about membership in OPEC, the country’s Minister of State for

December 23, 2023

Business·News·Oil & Gas

Dangote Refinery Receives Additional 1Million-Barrel Crude Shipment

Dangote Refinery has marked a significant step forward in its path to commencing the production of refined petroleum products as it has received an additional one million barrels of bonny light crude from the Nigeria National Petroleum Corporation Limited (NNPCL) This signals a

December 22, 2023

News·Oil & Gas

Nigerian Govt Announces ‘Mechanical Completion’ Of Port Harcourt Refinery, States When Fuel Production Starts

The Port Harcourt Refining Company (PHRC) in Rivers State is about to recommence operations in line with the Nigerian government’s promise to ensure the production of refined petroleum products at the facility in December 2023. With the subsisting effects of the removal

December 21, 2023

Business·News·Oil & Gas

Oil Theft: Army Discovers 636 Illegal Refining Sites, Seizes 21.7M Litres Of Crude Worth N54bn In 5 Months

In an extensive and relentless operation spanning five months, the Nigerian military has made significant strides against oil theft, unearthing 636 illegal refining sites and intercepting a mammoth 21.7 million litres of crude oil valued at N54 billion. This crackdown is part

December 21, 2023

Lawmakers To Investigate $60 Billion Revenue Loss From Alleged Inflated Cash Calls By NNPC

Business·News·Oil & Gas

Lawmakers To Investigate $60bn Revenue Loss From Alleged Inflated Cash Calls By NNPC

In a move to address revenue loss amounting to over $60 billion, the House of Representatives has pledged to launch an investigation into the Nigerian National Petroleum Company Limited (NNPC) Joint Venture Agreements. The decision, triggered by a motion presented by Chika

December 21, 2023

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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 58

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

Nigeria’s Riverside LNG To Supply Gas To South Africa

OPEC Predicts High Oil Demand In 2024

Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria’s Oil Revenue Secrecy

Port Harcourt Refinery’s Phase 2 Repair Set For Completion In Q4 2024 – Kyari

Nigeria Reaffirms Commitment To OPEC, Aims To Exceed Production Targets Amid Angola’s Exit

Dangote Refinery Receives Additional 1Million-Barrel Crude Shipment

Nigerian Govt Announces ‘Mechanical Completion’ Of Port Harcourt Refinery, States When Fuel Production Starts

Oil Theft: Army Discovers 636 Illegal Refining Sites, Seizes 21.7M Litres Of Crude Worth N54bn In 5 Months

Lawmakers To Investigate $60bn Revenue Loss From Alleged Inflated Cash Calls By NNPC

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