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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Tag: oil
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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Seplat Energy appoints Tony Elumelu as non-executive director
Nigeria’s leading energy company, Seplat Energy Plc, has appointed Tony Elumelu as a non-executive director on its board, with effect ...
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Shell to invest $20bn in Bonga South West project – Ojulari
Shell Petroleum Development Company (SPDC) and its subsidiaries in Nigeria are planning to invest up to $20 billion in the ...
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NMDPRA Engages Legal Experts to Strengthen Compliance in Downstream Petroleum Sector
The NMDPRA has hosted a forum to align legal frameworks with downstream sector realities, ease business, and boost investor trust ...
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NUPRC: Nigeria’s Rig Count Jumps from 8 to 46 as Oil Sector Rebounds
NUPRC says oil sector is rebounding, with rig count rising from 8 in 2021 to 46, reflecting investor confidence The ...
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