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Oil & Gas - Page 62

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Dangote, Others Summoned As Nigeria's Natural Gas Production Drops Despite N250bn Fund

Business·News·Oil & Gas

Dangote, Others Summoned As Gas Production Drops Despite N250bn Fund

The Nigerian Senate has summoned Dangote Refinery and several other prominent entities for an urgent inquiry into the decline in Nigeria’s natural gas production despite the injection of N250bn intervention fund. “The decline occurred despite the infusion of N130bn into 15 companies

November 30, 2023

Chappal Energies Acquires Equinor's Nigerian Assets; OPEC Disagreement Over Country's Oil Output Target

Business·News·Oil & Gas

Chappal Energies Acquires Equinor’s Nigerian Assets Amid OPEC Disagreement on Oil Output

In a development within the oil and gas sector, Chappal Energies, a Nigerian-owned energy company, has sealed a deal to acquire Equinor’s Nigerian business, including a stake in the Agbami oil field. Equinor, a Norwegian energy group, confirmed the transaction in an

November 30, 2023

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

FEATURES·Oil & Gas

Oil Theft Continues To Frustrate Nigeria’s Efforts To Ramp Up Production

Increasing crude oil production output which provides over 90 per cent of Nigeria’s revenue has continued to elude the country due to theft. Oil theft in Nigeria has been a long-standing issue, with billions of dollars worth of crude oil stolen from

November 29, 2023

Business·News·Oil & Gas

Nigeria’s Diesel Prices Hit N978/Litre, Posing Economic Pressure Ahead Of Christmas

Diesel prices in Nigeria have surged to N978 per litre as of Tuesday, November 28, according to data released by HydroCarbon Information Services (HydroCIS) Limited. This continuous hike in prices has amplified the financial strain on businesses, exacerbating challenges already posed by

November 29, 2023

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Business·News·Oil & Gas

NNPCL Boosts Dangote Refinery With Fourth Delivery Of 1m Barrels Crude Oil

In a move propelling Nigeria’s refining landscape, the Nigeria National Petroleum Corporation Limited (NNPCL) has continued its stride by delivering an additional one million barrels of crude oil to the Dangote Refinery. This marks the fourth consecutive delivery in a series set

November 28, 2023

Business·News·Oil & Gas

Tinubu Reappoints Kyari As NNPCL CEO, Appoints New Board Members

President Bola Tinubu reappoints Mallam Mele Kolo Kyari as the CEO of the Nigerian National Petroleum Company Limited (NNPCL), and as announced the appointment of new board members. This decision, alongside the formation of a new board and management team, underscores a

November 27, 2023

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

Business·News·Oil & Gas

Nigerian Lawmakers To Probe N250 Billion CBN Disbursement For Gas Expansion Program

The Nigerian Senate gears up for a deep dive into the utilization of the over N250 billion disbursed by the Central Bank of Nigeria (CBN) under the Nigeria Gas Expansion Programme (NGEP) intervention fund. The investigative hearing, set to commence on November

November 26, 2023

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

Business·News·Oil & Gas

Dangote Announces $20 Billion Refinery Listing On NGX

Nigerian business mogul Aliko Dangote has unveiled plans to list his $20 billion Dangote Refinery on the Nigerian Exchange Limited (NGX). Dangote revealed the resolution of critical challenges hindering crude oil supply, a milestone propelling the refinery towards its long-anticipated listing. “We

November 26, 2023

Africa·Business·News·Oil & Gas

Nigerian Govt Pledges Commitment To West African Gas Pipeline Project

Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo has reiterated Nigeria’s support for the West African Gas Pipeline Project, emphasizing the government’s dedication to realizing its full potential. In his speech, In an address at the WAGP Authority Committee of Ministers

November 26, 2023

News·Oil & Gas·World News

UK Energy Price Surge Worsens Cost-of-Living Crisis

In the wake of escalating energy costs, households across the UK brace for a harsh winter as the regulatory body Ofgem announced a rise in the price cap on energy bills. With the cost-of-living crisis intensifying, Ofgem highlighted that the surge, effective

November 23, 2023

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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 62

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Dangote, Others Summoned As Gas Production Drops Despite N250bn Fund

Chappal Energies Acquires Equinor’s Nigerian Assets Amid OPEC Disagreement on Oil Output

Oil Theft Continues To Frustrate Nigeria’s Efforts To Ramp Up Production

Nigeria’s Diesel Prices Hit N978/Litre, Posing Economic Pressure Ahead Of Christmas

NNPCL Boosts Dangote Refinery With Fourth Delivery Of 1m Barrels Crude Oil

Tinubu Reappoints Kyari As NNPCL CEO, Appoints New Board Members

Nigerian Lawmakers To Probe N250 Billion CBN Disbursement For Gas Expansion Program

Dangote Announces $20 Billion Refinery Listing On NGX

Nigerian Govt Pledges Commitment To West African Gas Pipeline Project

UK Energy Price Surge Worsens Cost-of-Living Crisis

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NOM Demands Immediate Suspension of Tinubu’s New Tax Law, Warns of Worsening Hardship

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