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Oil & Gas - Page 64

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·News·Oil & Gas

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

Residents of South East, South-South and North Central zones in Nigeria may suffer another round of petrol scarcity as the Eastern zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to withdraw services next week.

November 19, 2023

Business·News·Oil & Gas

Seplat Plans $250M Gas Plant In Delta State, Focuses On Energy

Effiong Okon, Seplat Plc's Director of New Energy, revealed the company's blueprint to erect a $250 million gas plant in Sapele, Delta State.

November 18, 2023

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Business·News·Oil & Gas

Blame Game Intensifies As Fuel Scarcity Grips Abuja, Neighboring States

Oil marketers and the Nigerian National Petroleum Corporation Limited (NNPCL) engaged in a tug-of-war over the ongoing fuel scarcity that has led to long queues at petrol stations in Abuja and neighboring states. According to Chief Ukadike Chinedu, the National Public Relations

November 17, 2023

5 Reasons Nigeria's Crude Oil Production is Declining – And What Next

Business·FEATURES·Oil & Gas

Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth

In the realm of global oil production, Nigeria stands at a critical juncture, striving to align its output with OPEC quotas while charting a course toward robust economic growth. According to data released by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), the

November 16, 2023

CNG Will Save N2trn Monthly Spend On Petrol, Diesel - Tinubu

Business·News·Oil & Gas

Nigerian Govt Unveils N300,000 To N600,000 Conversion Cost For CNG-enabled Vehicles

The Nigerian government has taken a step in its commitment to promote the adoption of eco-friendly transportation by unveiling the anticipated conversion costs for enabling vehicles to run on Compressed Natural Gas (CNG). Ranging between N300,000 to N600,000, this initiative aims to

November 14, 2023

Business·Oil & Gas

Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation For Refineries

The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted efforts are not made to increase the current low production

November 13, 2023

Business·News·Oil & Gas

Defense Minister Aims For 1.9 Million Barrels Daily By Year-End

Nigeria’s Defense Minister, Bello Matawalle, has unveiled a plan to increase the country’s oil production level to 1.9 million barrels per day, marking an improvement from the current 1.5 million barrels per day, as reported by the Nigerian Upstream Petroleum Regulatory Commission

November 13, 2023

Business·News·Oil & Gas

Dangote’s $19B Refinery Set To Meet Nigeria’s Energy Demands

Africa’s wealthiest individual, Aliko Dangote, has confirmed that the output from his $19 billion refinery complex is poised to soon meet the energy demands of Nigeria and global markets. Speaking with Bloomberg in Riyadh during the Saudi-Nigeria business roundtable, Dangote highlighted the

November 12, 2023

Africa·Business·News·Oil & Gas

NNPCL, Aiteo Launch Nembe Crude Oil Grade

The Nigerian National Petroleum Company Limited (NNPCL) and Aiteo have jointly introduced the Nembe crude oil grade. The announcement was made at the Argus European Crude Conference in London, with Olufemi Soneye, NNPCL’s Chief Corporate Communications Officer, delivering the news on Wednesday,

November 8, 2023

News·Oil & Gas

Tinubu Names 3 New NUPRC Executive Commissioners

Bola Tinubu has appointed three new Executive Commissioners to serve in the Nigerian Upstream Petroleum Regulatory Commission

November 8, 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 64

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

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

Seplat Plans $250M Gas Plant In Delta State, Focuses On Energy

Blame Game Intensifies As Fuel Scarcity Grips Abuja, Neighboring States

Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth

Nigerian Govt Unveils N300,000 To N600,000 Conversion Cost For CNG-enabled Vehicles

Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation For Refineries

Defense Minister Aims For 1.9 Million Barrels Daily By Year-End

Dangote’s $19B Refinery Set To Meet Nigeria’s Energy Demands

NNPCL, Aiteo Launch Nembe Crude Oil Grade

Tinubu Names 3 New NUPRC Executive Commissioners

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