The Trump administration ended a key license allowing U.S. energy transactions with Russian financial institutions, aiming…
Tag: oil
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…
Adnoc Acquires Covestro for €12B, Strengthens Diversification in Europe
Adnoc, the UAE’s national oil company, has acquired German chemical giant Covestro for €12 billion. This…
Nigeria’s Oil and Gas Sector is Poised for a $10 billion Investment Surge
Nigeria, aiming to attract $10 billion in oil and gas investments over the next 12-18 months,…
Vital Energy Expands Permian Footprint in $1.1 Billion Acquisition Deal
Vital Energy, in partnership with Northern Oil and Gas Inc., has finalized a major agreement to…
Galp Calls for Partner to Develop Namibia Oil Block
Portugal’s Galp Energia has stated that they will need a partner to develop a prolific oil find…