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Oil & Gas - Page 79

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

Dangote Cement GMD Defends Company's Prices After Criticism

Business·Oil & Gas

Nigeria’s Fuel Landing Cost To Drop By N20.7bn After Dangote Refinery Launch – Buhari

President Muhammadu Buhari will commission Dangote Refinery on 22 May 2023 before the end of his administration and the removal of the fuel subsidy in June. This was disclosed by Bashir Ahmad, the Special Assistant on Digital Communications to President Buhari, in

May 8, 2023

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

Business·Oil & Gas

Dollar Scarcity, Six Other Factors To Increase Fuel Price To N1,700 Per Litre

The President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PPROOAN), Billy Gillis-Harry, has revealed that scarcity of Dollars in the official market and crude oil cost could push fuel price to N1,700 after the subsidy is removed in June.

May 8, 2023

Business·Oil & Gas

Edo Refinery Places Order For 200,000 Barrels Of Crude

Edo Refinery and Petrochemicals Company Limited (ERPC) says it has once again placed order for 200,000 barrels of crude from Oza Oil Field operated by Decklar Resources Inc and Millenium Oil and Gas Company. The Refinery was established with the injection of

May 7, 2023

NNPC Denies Plans To Increase Fuel Price

Business·Oil & Gas

Post-petrol Subsidy: 4 Most Affected Economic Sectors

As Nigerian government continues to mull over the removal of petrol subsidy scheme due to the heavy burden it poses on public finances, experts have continued to express concerns about the impact on different sectors of the economy due to the likely

April 29, 2023

Business·News·Oil & Gas

Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, on Wednesday led representatives of international oil and gas companies and their service counterparts to visit Orbit Galvanized Steel Industries Limited at Ikorodu, Lagos, a subsidiary of the African

April 27, 2023

Court Set Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Business·Oil & Gas

Wale Tinubu’s Oando To Commence Electric Transport Business In Lagos

Oando Clean Energy (OCEL), largely owned by Wale Tinubu, has taken delivery of electric buses from Chinese carmaker, Yutong Bus, as the company enters the transportation business in Lagos State. Oando Plc is adding the deployment of mass transit to its portfolio

April 26, 2023

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·Oil & Gas

Imo, Taraba Spent Highest On Petrol In Last 1 Year – Report

The National Bureau of Statistics (NBS) report shows that Imo State paid the highest average retail price of N332.67 per litre for petrol. This was followed by Taraba at N330.00 and Borno at N324.55. However, Benue paid the lowest average retail price

April 25, 2023

Seplat Accuses Petitioners Of Trying To Prevent Board From Eliminating Related Party Transactions

Business·Oil & Gas

Seplat’s Chairman, Basil Omiyi, Others To Quit Over ExxonMobil Acquisition Deal

The Chairman of Seplat Energy, Basil Omiyi, will retire from his post before the company’s May 2024 Annual General Meeting. Omiyi, who was appointed to the role 11 months ago, will exit the company due to Seplat’s Board of Directors’ Succession Forward

April 25, 2023

Flood: SERAP Gives Presidency 7 Days To Recover Missing Ecological Funds

News·Oil & Gas

Investigate ‘Missing’ 149m Barrels Of Crude Oil, SERAP Urges Buhari

Socio-Economic Rights and Accountability Project (SERAP) has tasked President Muhammadu Buhari to set up a presidential panel of inquiry to probe the allegations that over 149 million barrels of crude oil are missing. SERAP’s demand is coming on the heels of a

April 24, 2023

Business·Oil & Gas

Seplat Energy, Immigration Service Settle Job Dispute Involving CEO, Roger Brown

Seplat Energy and the Nigeria Immigration Service (NIS) have settled their dispute as the latter withdraws the lawsuit filed against the oil and gas company. The Nigeria Immigration Service had sued Seplat Energy for breaching the Immigration Act 2015 after employing its

April 21, 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 79

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

Nigeria’s Fuel Landing Cost To Drop By N20.7bn After Dangote Refinery Launch – Buhari

Dollar Scarcity, Six Other Factors To Increase Fuel Price To N1,700 Per Litre

Edo Refinery Places Order For 200,000 Barrels Of Crude

Post-petrol Subsidy: 4 Most Affected Economic Sectors

Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant

Wale Tinubu’s Oando To Commence Electric Transport Business In Lagos

Imo, Taraba Spent Highest On Petrol In Last 1 Year – Report

Seplat’s Chairman, Basil Omiyi, Others To Quit Over ExxonMobil Acquisition Deal

Investigate ‘Missing’ 149m Barrels Of Crude Oil, SERAP Urges Buhari

Seplat Energy, Immigration Service Settle Job Dispute Involving CEO, Roger Brown

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Oil & Gas - Page 79

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