Category : Search result: PDVSA oil seizure


Trump Announces Naval Blockade Against Venezuela

US President Donald Trump announces a maritime blockade on Venezuela, demanding the return of oil and land he claims were stolen. Get the full details on this escalating crisis.

Nigeria's oil rigs stuck at 41 amid OPEC expansion

Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.

NCS Intercepts Cocaine on Brazilian Ship at Apapa

Nigeria Customs Service intercepts 25.5kg of cocaine hidden on MV San Anthonio at Apapa Port. The vessel, which sailed from Brazil, has been detained. Read the full details of the major drug bust.

PENGASSAN warns of oil sector brain drain over low pay

PENGASSAN warns Nigeria's oil sector faces a severe brain drain due to low wages and economic hardship. Union President Festus Osifo urges immediate action to close the wage gap and retain skilled workers.

NNS BEECROFT Intercepts 172kg of Illicit Drugs

Nigerian Navy Ship BEECROFT has intercepted and handed over 172kg of Cannabis sativa to the NDLEA. The seizure highlights ongoing efforts to secure Nigeria's maritime domain. Read more.

NNPC's ₦5.4trn Profit Shows Impact of Reforms

NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.

Troops nab driver, seize 276kg cannabis in Kogi

Nigerian Army troops in Kogi intercept a vehicle with 306 parcels of cannabis, arrest fleeing driver. A major blow to drug networks linked to banditry. Read the full details.

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. The deal aims to derisk and develop new opportunities in Nigeria's oil sector. Full details inside.

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.

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