News Trump orders blockade of sanctioned oil tankers in, out of Venezuela Alagbe Shenayon Dec 17, 2025 US President Donald Trump has said he is ordering a "a total and complete" blockade of all sanctioned oil tankers going into and…
News FG opens 50 oil blocks for bids, sets sights on $10bn investments in 2025… Alagbe Shenayon Dec 2, 2025 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has formally launched the 50-oil-block 2025 licensing round portal,…
Business Oil profit drops 43% despite higher output Alagbe Shenayon Nov 10, 2025 Nigeria’s gross profit from crude and gas sales declined by 43 per cent, contributing only about 8 per cent of the total oil and…
News Oil prices decline as OPEC+ pauses output hikes amid oversupply concerns Alagbe Shenayon Nov 4, 2025 Oil prices dropped on Tuesday after the Organization of the Petroleum Exporting Countries and its allies, OPEC+, decided to halt…
News Tinubu confers national honour on Ogoni Four, oil production to commence… Oluwadamilare Emmanuel Sep 25, 2025 President Bola Tinubu has posthumously conferred the national honours of Commander of the Order of the Niger (CON) on Albert…
News Billions stolen from South Sudan Oil- UN Toyibat Ajose Sep 16, 2025 A United Nations commission reported on Tuesday that South Sudanese government officials have stolen billions of dollars in oil…
Business Eterna Plc posts ₦1.6billion Profit in H1 2025 Toyibat Ajose Aug 5, 2025 Eterna Plc has remained profitable, reporting a ₦1.6 billion profit before tax for the first half of 2025, according to its…
Business Oil demand to rise until 2050- OPEC Toyibat Ajose Jul 10, 2025 OPEC declared on Thursday that global demand for crude oil will continue to rise until at least 2050, dismissing swift transitions…
Business Oil prices choppy as investors weigh supply risks after US strikes on Iran Alagbe Shenayon Jun 23, 2025 Oil prices touched a five-month high before erasing gains on Monday as oil and gas transit continued on tankers from the Middle…
News Oil Theft: Naval Chief seeks increased manpower, says 30,000 officers not… Alagbe Shenayon Jun 2, 2025 Nigeria’s Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, has emphasized that increasing manpower is crucial to combating oil…