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Oil & Gas - Page 74

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

News·Oil & Gas

Nigeria, Equatorial Guinea Mull New Partnership Opportunities In Oil Sector

Nigerian government and the Republic of Equatorial Guinea have opened discussions regarding new partnership opportunities such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and lowering the costs of major oil and gas operations. These possibilities

July 13, 2023

Experts Allege Shady Deal By Security Operatives, Who Burnt Vessel With Stolen Oil InA Delta

Business·Oil & Gas

Experts Allege Shady Deal By Security Operatives, Who Burnt Vessel With Stolen Oil In Delta

Security experts have called for a probe of the activities of security operatives involved in fighting oil theft in the Niger Delta. The call follows the report of security operatives of the Joint Task Force, Operation Delta Safe, in collaboration with Tantita

July 12, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Oil & Gas

FG, OPEC+ To Renegotiate Crude Oil Output After Nigeria’s Failure To Meet Quota

The Federal Government is planning to meet with members of the Organisation of the Petroleum Exporting Countries and its non-OPEC partner, Russia, in November to renegotiate Nigeria’s crude oil output. According to the Group Chief Executive Officer of the Nigerian National Petroleum

July 12, 2023

Business·Oil & Gas

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

The Nigerian National Petroleum Company (NNPC) Limited has informed members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to take delivery of petrol they paid for during the subsidy regime at a new price that includes the Value Added Tax (VAT).

July 11, 2023

Business·Oil & Gas

NCDMB, NLNG To Launch Local Content Opportunities on E-Marketplace

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited are collaborating to roll out tender opportunities from the gas production and processing company on the Oil and Gas E-Market Place. This initiative is geared towards the implementing a

July 10, 2023

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

Business·Oil & Gas

FG Using Oil Companies’ Fines To Increase Revenue – Major Oil Marketers

The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Olu Adeosun, said the fuel subsidy removal will increase the Federal Government’s revenue from the oil industry. Adeosun stated that the removal of fuel subsidy, which ushered in the complete deregulation

July 7, 2023

Business·Oil & Gas

Shell Petroleum Directors Meet Tinubu Over Investments After ExxonMobil Visit

President Bola Tinubu and a delegation from the Shell Petroleum Development Company (SPDC) met over Nigerian investments and his government’s policy reforms. Tinubu told the Shell Petroleum delegation, led by the firm’s global upstream director, Zoe Yujnovich, that his administration’s policies will

July 4, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

Fuel Prices To Drop, As Oil Marketers Begin Importation On Credit

The prices of fuel in Nigeria will drop in the coming weeks, as products imported by the major oil marketers are set to arrive in the country next week. According to the Executive Secretary of the Major Oil Marketers Association of Nigeria

July 3, 2023

Business·Oil & Gas

Seplat CEO Seeks Tinubu’s Support Against NNPC Over ExxonMobil Assets Drama

After its plan to acquire oil and gas assets from ExxonMobil Corporation before Bola Tinubu became President failed, the Chief Executive Officer of Seplat Energy, Roger Brown, is now hoping the new administration will approve the acquisition. Recall that Brown had stated

June 29, 2023

Business·Oil & Gas

Fuel Price To Hit N700/litre, Up From N500 – Oil Marketers Reveal

The price of fuel in petrol stations will rise from N500 per litre, to as high as N700 per litre, the National Controller Operations of Independent Petroleum Marketers Association of Nigeria (IPMAN), Mike Osatuyi, revealed. The representative of the oil marketers said

June 29, 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 74

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

Nigeria, Equatorial Guinea Mull New Partnership Opportunities In Oil Sector

Experts Allege Shady Deal By Security Operatives, Who Burnt Vessel With Stolen Oil In Delta

FG, OPEC+ To Renegotiate Crude Oil Output After Nigeria’s Failure To Meet Quota

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

NCDMB, NLNG To Launch Local Content Opportunities on E-Marketplace

FG Using Oil Companies’ Fines To Increase Revenue – Major Oil Marketers

Shell Petroleum Directors Meet Tinubu Over Investments After ExxonMobil Visit

Fuel Prices To Drop, As Oil Marketers Begin Importation On Credit

Seplat CEO Seeks Tinubu’s Support Against NNPC Over ExxonMobil Assets Drama

Fuel Price To Hit N700/litre, Up From N500 – Oil Marketers Reveal

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SEC Orders Full Registration of Tradable Instruments by January 2026

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