Serbia's Oil Refinery Shutdown Could Cost for Years
Experts warn Serbia faces years of economic fallout, job losses, and budget risks after the shutdown of its only oil refinery due to US sanctions on Russian owners. Read the full analysis.
Category : Search result: oil sanctions
NUPRC's $10bn Licensing Round Hailed as Global Transparency Model
UK-based GETI commends NUPRC's digital licensing portal, projecting $10bn investment. A new benchmark for Africa's oil sector under Engr. Gbenga Komolafe's leadership.
ECOWAS Opens High-Level Talks Over Guinea-Bissau Coup
ECOWAS Parliament strongly condemns the military coup in Guinea-Bissau, labeling it an assault on democracy. High-level talks begin December 3rd. Read the full story.
Pacific Island Office Aids Sanctions-Busting Oil Smuggling
A beachside office in the Cook Islands is being used by dozens of tankers to smuggle Russian and Iranian oil, undermining Western sanctions. New Zealand expresses alarm. Read the full investigation.
Nigeria eyes $10bn from 50 oil blocks lease
Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron subsidiary. Deal aims to develop new opportunities in Nigeria's oil sector.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron. The deal aims to derisk and develop new opportunities in Nigeria's oil sector. Full details inside.
OPEC Keeps Nigeria's Oil Output at 1.5m bpd to 2026
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
OPEC+ Pauses Oil Output Hikes Until March 2026
OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.
OPEC+ Likely to Maintain Current Oil Production Levels
OPEC+ ministers are expected to keep oil output unchanged in Sunday's online meeting amid price uncertainty. Analysts predict no major market changes as group watches Ukraine talks.
OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Ogoni Lament FG Silence After Oil Resumption Report
Ogoni communities express frustration over Federal Government's silence months after receiving crucial committee report on potential oil exploration resumption in Ogoniland.
OPEC+ 2025 Oil Output Policy: A Review
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Belgian PM opposes EU plan on Russian assets for Ukraine
Belgium's Prime Minister Bart De Wever strongly opposes the EU proposal to use frozen Russian assets for Ukraine funding, citing legal and financial risks for his country.
Reps Demand EFCC Account for Seized Crude Oil
House of Representatives committee presses EFCC for full details on crude oil seizures and sales under Naira-for-Crude Policy. Hearing adjourned to December 4.
CRSFA fines three teams N500k each for Cup withdrawal
Cross River FA imposes N500,000 fines on Obubra United, ABIWAVES FC, and Akpabuyo United for abandoning Governor's Cup matches. Teams must pay within 30 days or face suspension from future events.
Wike Threatens Action Over False School Shutdown Order
FCT Minister Nyesom Wike has suspended education officials and promised severe sanctions over an unauthorized memo ordering school closures in Abuja. Read details.
Hungary increases oil shipments to Serbia amid sanctions
Hungary pledges increased oil exports to Serbia as US sanctions threaten refinery shutdown. Learn how this energy crisis impacts Balkan stability and payment systems.
Rivers remains key oil investment hub - Fubara
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
Trump brands Muslim Brotherhood terrorist organizations
US President Donald Trump designates Muslim Brotherhood chapters as foreign terrorist organizations, imposing sanctions and travel bans. Read full analysis of implications.
Scientific Research Guides Nigeria's Oil Production
Dr Omonigho Khalin Egbo's geochemical studies provide crucial data for Nigeria's energy security and revenue growth. Discover how his findings are shaping national oil policy.
NNPC Posts N5.4trn Profit, Reveals $60bn Investment Plan
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
NAICOM: Link NIN, CAC to Insurance by April 30, 2026
NAICOM mandates all insurers to link NIN and CAC details to policies by April 30, 2026. This move aims to boost transparency and curb fraud. Act now to ensure compliance!
Belarus pardons 31 Ukrainians in diplomatic pact
Belarus has pardoned 31 Ukrainian citizens as part of diplomatic agreement between Lukashenko and Trump. Read details of this significant political development.
FIFA Bans 3 Countries from World Cup for Politics
FIFA has banned Russia, South Africa, and Yugoslavia from World Cup participation due to political conflicts and international sanctions. Learn about the historic precedents.
US Weighs Sanctions Against Nigeria Over Violence
The United States considers sanctions against Nigeria alleging inadequate protection of Christian communities. Read about the diplomatic tensions and potential consequences.
US sanctions hit Lukoil's Bulgaria refinery operations
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
Bishop Anagbe Testifies Before US House Committee
Bishop Wilfred Anagbe testifies before US House Subcommittee, demanding concrete action to back Nigeria's CPC designation and targeted sanctions against officials.
Nigerian Influencers Apologize After Flight Brawl
Social media stars VDM and Mr Jollof clash aboard United Nigeria Airlines flight, issue public apologies as NCAA considers sanctions. Read the full story.
US MOSOP: Exclude Ogoni from oil block bids
MOSOP USA calls for Ogoni oil blocks removal from bidding rounds to protect fragile peace process. Federal Government urged to prioritize reconciliation before oil resumption.
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