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Oil & Gas - Page 81

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

Court Frees Seplat’s Roger Brown From Restriction Amid Faceoff With Shareholders

Seplat Energy reported on Thursday, 6 April 2023, that the ex parte interim order against its Chief Executive Officer, Roger Brown, has been vacated by the Federal High Court in Lagos. According to the oil and gas company, Brown will resume his

April 6, 2023

Business·Oil & Gas

Oil Firm Boss, Tunji Oyebanji, Warns FG Against Fuel Subsidy Removal

The Federal Government has been warned by the Managing Director of 11 Plc, formerly Mobil Oil Nigeria Plc, Tunji Oyebanji, of the impact fuel subsidy removal will have on Nigerians. Oyebanji said before the government goes ahead to remove the subsidy, there’s

April 3, 2023

Business·News·Oil & Gas

Century Energy, ELI Join Forces To Run ELI AKASO Terminal In OML18

Century Energy Group (CG) on Sunday announced partnership with Energy Link Infrastructure (Malta) Limited (ELI) for the completion, operations and maintenance of the ELI AKASO floating storage and offloading (FSO) terminal in Oil Mining Lease (OML) 18. This project is a critical

April 3, 2023

Business·Oil & Gas

Failed Transaction: Court Orders Ibeto Energy To Refund N2.29bn To Dozzy Oil

A High Court sitting in Port Harcourt has ordered Ibeto Energy Development Limited to refund the sum of N3.29 billion to Dozzy Oil and Gas Limited. The refund was said to be money paid to Ibeto Energy Development Limited in a failed

March 30, 2023

News·Oil & Gas

NCDMB, FIRS Offer Tax Incentives For Oil Industry R&D Investments

Oil and gas companies desirous to reduce their tax burden and grow profitability should consider increasing investments in research and development (R&D), with a view to taking advantage of the incentives provided in existing fiscal laws, the Nigerian Content Development and Monitoring

March 30, 2023

News·Oil & Gas

Oil & Gas: NUPRC Boss, Heritage Energy CEO Meet On PIA, New Regulatory Regime

The Chief Executive of the Nigeria Upstream Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has pledged all-inclusive regulatory regime for the oil and gas industry, just as he appeals for collaboration in implementing the Petroleum Industry Act (PIA) 2020. Komolafe made the pledge

March 30, 2023

Buhari To Flag off Oil Exploration in Nasarawa, Say It will Boost Energy Security

News·Oil & Gas

Buhari Flags Off Oil Exploration In Nasarawa, Says It will Boost Energy Security

President Muhammadu Buhari on Tuesday declared that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as well as enhance overall energy security for the country. In his virtual message to the official kick off

March 29, 2023

Business·Oil & Gas

Seplat Board Directors Take Legal Action Against Co-founder, Orjiako

Seplat Energy has terminated a consultancy agreement with the firm’s co-founder, A.B.C Orjiako, accusing him of putting the company at risk of liability. In a statement released on Thursday, 23 March 2023, Seplat said Orjiako and another company of his, Amaze Limited, which

March 23, 2023

Business·Oil & Gas

NNPC Appoints Frenchman To Head Its Trading Subsidiary In Nigeria

The Nigerian National Petroleum Company Limited (NNPC) Limited has appointed a former Vice President of the Abu Dhabi National Oil Company, Jean-Marc Cordier, to head NNPC Trading Ltd. In a statement released by NNPC, Cordier will bring his 30 years of experience

March 21, 2023

Business·Oil & Gas

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

In order to avert a hike in the price of Premium Motor Spirit (PMS), known as fuel, Nigerian National Petroleum Company (NNPC) Limited has increased the supply level to oil marketers. This was revealed by the National Public Relations Officer, the Independent

March 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 81

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

Court Frees Seplat’s Roger Brown From Restriction Amid Faceoff With Shareholders

Oil Firm Boss, Tunji Oyebanji, Warns FG Against Fuel Subsidy Removal

Century Energy, ELI Join Forces To Run ELI AKASO Terminal In OML18

Failed Transaction: Court Orders Ibeto Energy To Refund N2.29bn To Dozzy Oil

NCDMB, FIRS Offer Tax Incentives For Oil Industry R&D Investments

Oil & Gas: NUPRC Boss, Heritage Energy CEO Meet On PIA, New Regulatory Regime

Buhari Flags Off Oil Exploration In Nasarawa, Says It will Boost Energy Security

Seplat Board Directors Take Legal Action Against Co-founder, Orjiako

NNPC Appoints Frenchman To Head Its Trading Subsidiary In Nigeria

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

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