Oil & Gas
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Tankers avoid Hormuz after US/Israel attacks on Iran
Oil tankers are now avoiding the Strait of Hormuz, the shipping lane that links the oil-rich Persian Gulf to the…
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Dangote Refinery ready for daily supply of 65m litres of petrol
Dangote Petroleum Refinery & Petrochemicals has affirmed capacity to supply between 60 and 65 million litres of Premium Motor Spirit…
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US to relax ban on Venezuelan oil exports to Cuba
The United States has decided to relax its ban on sale of Venezuelan oil to Cuba. The US Department of…
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Tinubu directs oil, gas revenue to Federation Account in sweeping reform
President Bola Tinubu has ordered sweeping reform to the administration of Nigeria’s oil and gas revenues, directing that all earnings…
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NIMASA, NUPRC partner to boost maritime, oil and gas regulation
The Nigerian Maritime Administration and Safety Agency (NIMASA) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC), have announced a joint commitment…
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RMAFC debunks report of ceding disputed oil and gas wells to states
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has debunked reports that certain disputed crude oil and gas wells had…
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Nigeria pledges fresh funds for faster takeoff of African Energy Bank
The Nigerian government has hinted on its readiness to provide more funding to the Africa Energy Bank (AEB) to expertise…
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NNPC discovers new oil well with substantial crude deposits in N’Delta
The Nigerian National Petroleum Company Limited (NNPCL) says a new oil well has been discovered in the Niger Delta region.…
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Dangote Refinery increases petrol price from N699 to N799/litre, assures steady supply
Dangote Petroleum Refinery & Petrochemicals has increased Petroleum pump price from N699 to N799, pledging commitment to market stability and…
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US plans seizure of Russian oil tanker heading for Europe – Report
The United States may seize a Russian-flagged oil tanker heading across the Atlantic to Europe, according reports by CBS News,…
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