President Donald Trump said Friday that he was considering “winding down” military operations against Iran, as the United States temporarily eased sanctions on Iranian oil shipments to address a global supply crisis. Trump, in a post on…
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A commander of Iran’s Revolutionary Guard said Monday that the Strait of Hormuz has been closed and warned that any vessel attempting to pass could be targeted, Iranian ⁠media reported. The move comes after Supreme Leader Ayatollah Ali…
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Africa’s richest person, Aliko Dangote, says local and foreign mafia tried several times to sabotage his $19 billion refinery from coming to fruition. Dangote said he has repaid about $2.4 billion of the $5.5 billion borrowed to build…
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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has directed its members to comply with the directive of the two labour centres to begin an indefinite nationwide strike on Monday. Its General Secretary, Mr Afolabi…
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President Bola Tinubu has approved three new directives in the oil and gas sector to introduce fiscal incentives for related projects, reduce contracting costs and timelines, and promote cost efficiency in local content requirements. A…
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Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said oil marketers have commenced the importation of petrol into Nigeria. The chief executive officer of NMDPRA, Farouk Ahmed, disclosed this at a crucial…
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Ex- Niger Delta Militant leader, Asari Dokubo, has accused the Nigerian Army and Navy of being behind 99 percent of oil theft in the country. Dokubo made the accusation after a private meeting with President Bola Tinubu in his office on…
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The Nigerian National Petroleum Company Limited (NNPCL) says official drilling operations for the first oil well in Nasarawa will commence in March 2023. Mele Kyari, group chief executive officer (GCEO), NNPC Limited, disclosed this on…
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President Muhammadu Buhari says it makes no sense for Nigeria to sell petroleum products at prices lower than those sold in neighbouring countries. In his Independence Day Speech on Thursday, President Buhari stated that while petroleum…
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President Muhammadu Buhari on Wednesday held talks with King Salman in Riyadh, during which both leaders committed to deeper partnership especially in the areas of oil and gas for the development of both countries. Malam Garba Shehu,…
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