The United States has sold $500 million worth of Venezuelan oil, marking a major step in accessing reserves. President Trump promises $100 billion for energy sector rebuild, despite industry doubts. Read full details.
The Federal Government warns it may revoke licenses for undeveloped oil blocks. Minister Lokpobiri says licenses are not status symbols, and no refunds will be given. Read the latest on Nigeria's energy sector.
The Nigerian Navy launches Operation Delta Sentinel to secure oil assets and boost production. TotalEnergies divests stake in Renaissance JV. Read the full details.
Nigeria's crude oil production fell in December 2025, lagging behind OPEC peers. The FG announces strict terms for the 2025 bid round, ending licence speculation. Read the full analysis.
The 10th Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will focus on Nigeria's oil licensing round. Key speakers from across Africa confirmed for the Lagos event in February 2026. Read more for details.
The Nigerian Navy launches Operation Delta Sentinel to secure oil assets and boost production to 2.5 million barrels per day by 2027. Read about the new maritime security strategy.
US President Trump urges oil executives to invest in Venezuela's vast reserves post-Maduro capture, promising security. CEOs remain wary, citing past seizures and calling the nation 'uninvestable'.
Three Chevron-chartered tankers are transporting Venezuelan crude to the US, as sanctions cause a major storage buildup. Get the latest on the oil shipments and the looming capacity crisis.
US Energy Secretary Chris Wright declares indefinite US control over Venezuelan oil sales, aiming to revive production with billions in investment. Details on the plan and its implications.
US authorities seized the Marinera oil tanker in the North Atlantic for violating sanctions linked to Venezuela and Iran. A second vessel was captured in the Caribbean. Full details on the international enforcement action.
US forces seized the Russian-flagged Marinera oil tanker in the North Atlantic for violating sanctions linked to Venezuela and Iran. A second vessel was captured in the Caribbean. Read the full details.
U.S. forces intercept a Russian-flagged oil tanker after a trans-Atlantic pursuit for violating sanctions on Venezuelan oil. Full details on the dramatic seizure operation inside.
Pastor Hank Kunneman defends Trump's plan to control Venezuela's oil, claiming divine approval. Read the global reactions and the controversial spiritual justification.
President Donald Trump announces a major oil transfer deal with Venezuela's interim government. Get the full details on the agreement and its global implications.
Former President Trump claims Venezuela's interim government will transfer sanctioned oil to the US, with proceeds controlled by Washington. Details on the plan and regional implications.
Global oil prices fall to $61 per barrel due to Venezuela's instability. Analysts warn of further drops below $60 if US tensions persist. OPEC+ pauses production hikes.
US President Donald Trump outlines a timeline for American oil companies to expand operations in Venezuela within 18 months, following the capture of Nicolas Maduro. Details inside.
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
Political upheaval in Venezuela could flood oil markets, slashing prices and creating a $10 billion shortfall in Nigeria's 2026 budget. Experts warn of severe fiscal strain and pressure on the Naira. Read the full analysis.
Geopolitical shifts in Venezuela could crash oil prices, threatening Nigeria's N58.18 trillion 2026 spending plan and naira stability. Experts warn of a potential $10.24 billion revenue shortfall.
Following the capture of Venezuelan leader Nicolás Maduro, US President Donald Trump has announced plans for American firms to develop Venezuela's vast oil reserves. Experts warn the plan faces massive hurdles and could take a decade. Read more on the imp
Economist Kalu Aja warns US intervention in Venezuela may flood oil market, pressuring prices and jeopardising Nigeria's $64 per barrel 2026 budget benchmark. Read the full analysis.
Minister Heineken Lokpobiri declares 2025 a successful year for Nigeria's oil sector, driven by reforms, new investments, and strengthened local content. Read the full report on the industry's progress and 2026 outlook.
Ghana's Tema Oil Refinery is back online after years of inactivity, operating at 28,000 bpd. This could reduce its reliance on imports from Nigeria's Dangote Refinery, its top 2025 supplier. Explore the shifting energy dynamics in West Africa.
Nigerian Army's 6 Division, in a sustained operation, has arrested 19 suspects and dismantled 22 illegal refining hubs in the Niger Delta, recovering over N150 million worth of stolen crude. Read the full report on the crackdown.
Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.
Petroleumprice.ng honours Aliko Dangote, MRS Oil, Rainoil, and others in its first industry awards. Winners were chosen via a hybrid model of public votes and expert judges. Read the full list.
A civil society coalition has lauded NNPC Ltd's CEO, Bashir Bayo Ojulari, for transformative leadership that increased crude production to a 36-year high of 355,000 bpd and drove record profits. Read the full appraisal.
British energy giant BP names industry veteran Meg O'Neill as its new CEO, marking the first external and female appointment in its 116-year history. Discover the strategic shift behind this major leadership change.