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Oil & Gas - Page 72

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

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

The price of Premium Motor Spirit, also known as petrol, is projected to rise from N580 to N750 per litre weeks from now, according to oil marketers. In a statement by the National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria

August 14, 2023

Business·Oil & Gas

Eunisell Pioneering Production Facilities to Transform Oil and Gas Landscape

Eunisell, a prominent player in the oil and gas industry, has introduced novel Early Production Facilities (EPFs) poised to reshape the Niger Delta’s oil and gas sector Strategically positioned in challenging onshore and remote swamp locales, these facilities are poised to expedite

August 11, 2023

Business·Oil & Gas

Access Bank Serves Seplat Energy With Bankruptcy Court Order Against Orjiako

Seplat Energy has been served with a bankruptcy ex parte interim court order from Access Bank, as the financial institution moves to recover the debt A.B.C Orjiako owes the lender. Orjiako, who served as the chairman of the company between August 2003

August 11, 2023

Business·Oil & Gas

Vessel Scarcity, Four Other Reasons Gas Prices Will Rise In Nigeria From Next Week

The President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, has listed five reasons the prices of cooking gas will rise from next week. Oladapo said market forces are influencing the prices at a period gas business has been

August 10, 2023

News·Oil & Gas

Subsidy Removal: NLC Requests For More Modular Refinery Licences In Edo

The Chairman of Nigeria Labour Congress (NLC), Edo State Chapter, Comrade Odion Olaye, has called on the Federal Government to issue more modular refinery licenses to operators in the state to expand the state’s refinery output. Olaye said the state is already

August 8, 2023

The authorised dealers in the official market sold the United States Dollar (USD) at the rate of N774.77/$1 at the end of trading on Tuesday.

Business·Oil & Gas

Seplat Energy Recommits To Safety, Environmental Sustainability

Seplat Energy Plc, a Nigerian independent energy company says its commitment to operational safety and environmental sustainability is a conscious one and remains unwavering. The Company achieved over 4.2 million hours without any Lost Time Injury (LTI) year-on-year on in its operated

August 8, 2023

Business·Oil & Gas

Seplat Operating Profit Falls By 51.7%, Records $33.8m Net Loss

The naira devaluation affected the operating profit of Seplat Energy in the first half (H1) of 2023, Prime Business Africa gathered. Seplat’s operating profit depreciated by 51.7 per cent or $126.90 million due to the naira devaluation and low oil prices, according

August 8, 2023

Business·Oil & Gas

Seplat Shareholders Demand Sack Of CEO, Board Amid Legal Fees Controversy

Seplat shareholders have asked the Financial Reporting Council of Nigeria (FRCN) and the Security and Exchange Commission (SEC) to investigate the oil and gas company. The shareholders under the umbrella, the Independent Shareholders Association of Nigeria (ISAN) also called for the sack

August 7, 2023

News·Oil & Gas

Wabote Advocates Corporate Governance For Indigenous Oil Firms, Hails Aradel Holdings

Indigenous oil and gas companies must instill principles of corporate governance in their operations if they are to grow and achieve sustainability, says the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi KesiyeWabote. Speaking virtually on Friday,

August 5, 2023

Business·Oil & Gas

History Shows Port Harcourt Refinery Might Disappoint Tinubu Amid Dangote’s Uncertainty

As uncertainty surrounds the commencement of operation at Dangote Refinery, President Bola Tinubu has turned his sight to Port Harcourt Refinery. Recall that Aliko Dangote, the founder of Dangote Refinery, had stated that the refiner will begin production by the end of

August 3, 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 72

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

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Eunisell Pioneering Production Facilities to Transform Oil and Gas Landscape

Access Bank Serves Seplat Energy With Bankruptcy Court Order Against Orjiako

Vessel Scarcity, Four Other Reasons Gas Prices Will Rise In Nigeria From Next Week

Subsidy Removal: NLC Requests For More Modular Refinery Licences In Edo

Seplat Energy Recommits To Safety, Environmental Sustainability

Seplat Operating Profit Falls By 51.7%, Records $33.8m Net Loss

Seplat Shareholders Demand Sack Of CEO, Board Amid Legal Fees Controversy

Wabote Advocates Corporate Governance For Indigenous Oil Firms, Hails Aradel Holdings

History Shows Port Harcourt Refinery Might Disappoint Tinubu Amid Dangote’s Uncertainty

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

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Oil & Gas - Page 72

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