Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, urged African countries to focus…
Tag: oil
Schwedt on the Brink: Oil Sanctions Stir German Divide
The eastern German town of Schwedt faces rising economic and political tensions as its refinery fights…
MRS Oil Nigeria Reports 71% Revenue Growth
MRS Oil Nigeria Plc has released its audited financial results for 2024. The company reported a…
BW Energy Makes Major Oil Discovery Offshore Gabon
BW Energy has announced a significant oil discovery in the Bourdon prospect, located within the Dussafu…
Trump Tightens Sanctions, Cuts Russian Energy Transactions
The Trump administration ended a key license allowing U.S. energy transactions with Russian financial institutions, aiming…
Chevron Exit Fuels Venezuela’s Crisis
The Trump administration cancelled Chevron’s operating license in Venezuela, raising concerns about worsening the country’s economic…
Dangote Refinery Fuels Nigeria with 33 Million Litres Daily
The Dangote Refinery now produces 33 million litres of Premium Motor Spirit (PMS) daily, meeting Nigeria’s…
Trump’s Energy Move Slashes Nigeria’s Oil Prospects
U.S. President Donald Trump plans to issue an executive order and declare a national energy emergency…
Nigeria’s December 2024 Oil Production Falls Short of OPEC Quota
Nigeria’s daily average oil production in December 2024 reached 1.667 million barrels per day (mbpd), marking…
Seplat Energy to Boost Nigeria’s Oil Production by Reviving 400 Dormant Wells
Seplat Energy is taking decisive steps to revive over 400 dormant oil wells in Nigeria, aiming…