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Oil & Gas - Page 63

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

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

Business·News·Oil & Gas

Nigeria Govt To Revive Marginal Field Bid Round To Fuel Domestic Energy Boost

President Bola Tinubu has given the green light for a new round of bidding to revitalize abandoned oil and gas fields in Nigeria. This announcement, made by Minister of State for Petroleum Senator Heineken Lokpobiri, comes in the wake of the country’s

November 23, 2023

Business·News·Oil & Gas

TotalEnergies Confirms Containment Of Egina FPSO Oil Leak

TotalEnergies has confirmed the containment of the oil leak from the Egina Floating Production Storage and Offloading (FPSO) vessel. Charles Ebereonwu, the company’s Country Communication Manager, assured that the oil leak, which occurred during crude loading on November 15, has been contained.

November 23, 2023

Business·News·Oil & Gas

Union Bank Partners UGEAP To Fuel Renewable Energy Development In Nigeria

Universal Green Energy Access Programme (UGEAP) based in Luxembourg and Union Bank of Nigeria have solidified the groundwork for a strategic alliance aimed at propelling the growth of the renewable energy sector in Nigeria. This collaboration, signified by the initial signing of a Memorandum

November 22, 2023

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·News·Oil & Gas

Petrol Hits N630.63/Litre, Diesel N1004.98/Litre In October- NBS

In a revelation by the National Bureau of Statistics (NBS) on Wednesday, the average retail prices of petrol and diesel soared in October 2023. The NBS’s Petrol Price Watch for October disclosed that the average price of petrol reached an eye-watering N630.63 per

November 22, 2023

Business·News·Oil & Gas

Nigeria, Germany Cement Economic Ties With $500 Million Renewable Energy Deal

In a development, Nigeria and Germany solidified their economic partnership through significant agreements signed at the German-Nigerian Business Forum worth $500 million. President Bola Tinubu, addressing attendees in Berlin, emphasized Nigeria’s robust democracy as a magnet for foreign investment. The Forum witnessed

November 22, 2023

1.78mpd Oil Output Project Can Be Achieved – NNPCL

Business·News·Oil & Gas

NNPCL Kicks As Nigeria Records 172 Crude Oil Theft Incidents In 1 Week

The Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has described the destruction of over 5,000 kilometers of oil pipelines by vandals as a national calamity, with the country recording 172 crude oil theft incidents across different states between

November 22, 2023

Why Price Of 12.5kg Gas May Hit ₦18k by December In Nigeria

Business·News·Oil & Gas

LPG Refill Costs Soar By 14.04% In October, Adding Pressure on Nigerian Homes

In light of the latest data released by the National Bureau of Statistics, the average retail cost of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG) surged by 14.04% in October 2023 compared to September 2023. This increase, now at N10,545.87,

November 21, 2023

Eni, Nigerian Govt Pause Oilfield Dispute Arbitration For License Talks

Business·News·Oil & Gas

Eni Halts Arbitration On OPL 245 Oilfield Dispute With Nigerian Govt

Eni, an Italian oil giant, has pressed pause on their arbitration proceedings concerning the OPL 245 oilfield dispute with the Nigerian government. The move aims to open discussions on transforming the license from prospecting to production, potentially unlocking one of Nigeria’s most

November 21, 2023

Business·News·Oil & Gas

Nigerian Govt Faces $16 Trillion Loss From Decade-Long Natural Gas Flaring- Report

The Federal Government of Nigeria has been revealed to have incurred an estimated loss of $16 trillion over the past decade due to natural gas flaring, as detailed in the Energy Institute’s report. Echoing concerns raised in the report, Hebrew Energy disclosed

November 21, 2023

Africa·Business·News·Oil & Gas

German Chancellor Pledges $4.4 Billion For Africa-EU Green Energy Initiative

In a commitment during the G20 Compact with Africa Investment Summit in Berlin today, German Chancellor Olaf Scholz announced $4.4 billion funding injection into the Africa-EU Green Energy Initiative, aiming to span until 2030. Expressing a proactive stance, Scholz highlighted Germany’s intention

November 20, 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 63

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

Nigeria Govt To Revive Marginal Field Bid Round To Fuel Domestic Energy Boost

TotalEnergies Confirms Containment Of Egina FPSO Oil Leak

Union Bank Partners UGEAP To Fuel Renewable Energy Development In Nigeria

Petrol Hits N630.63/Litre, Diesel N1004.98/Litre In October- NBS

Nigeria, Germany Cement Economic Ties With $500 Million Renewable Energy Deal

NNPCL Kicks As Nigeria Records 172 Crude Oil Theft Incidents In 1 Week

LPG Refill Costs Soar By 14.04% In October, Adding Pressure on Nigerian Homes

Eni Halts Arbitration On OPL 245 Oilfield Dispute With Nigerian Govt

Nigerian Govt Faces $16 Trillion Loss From Decade-Long Natural Gas Flaring- Report

German Chancellor Pledges $4.4 Billion For Africa-EU Green Energy Initiative

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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Oil & Gas - Page 63

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