Oil & Gas
Economy Oil & Gas

TMSG hails ban on export of crude meant for local refining

By Abdulfatah Babatunde Lagos, Feb. 9, ’25 (TNZ) The Tinubu Media Support Group (TMSG) has commended the Federal Government’s decision to ban crude oil export allocated to domestic refineries. TMSG’s Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, gave the commendation in a statement emailed to TheNewsZenith on Sunday. The group expressed shock that some 500,000 […]

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Economy Oil & Gas

Dangote gives reason for latest petrol price hike

From Our Correspondent Lagos, Jan. 20 ’25 (TNZ) Dangote Refinery has attributed the recent hike in the pump price of petrol across the country to high crude oil prices at the international market. TheNewsZenith reports that the company, in a statement, noted that the refinery was not directly responsible for the hike. It noted that any […]

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Oil & Gas Politics

Warri refinery, Tinubu’s New Year gift to Nigerians -TMSG

By Abdulfatah Babatunde The Tinubu Media Support Group (TMSG) says it is elated by the reopening of the Warri Refinery, describing it as an unexpected New Year gift from President Bola Tinubu’s administration to Nigerians. The group’s Chairman Emeka Nwankpa gave commendation in a statement emailed to TheNewsZenith on Friday in Lagos. It expressed a […]

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Foreign News Oil & Gas

Angola’s oil production growth after OPEC exit

LUANDA, Jan. 1, ’25 (TNZ) Angola’s average daily oil production reached 1.134 million barrels in the first three quarters of 2024, increasing by four per cent. This compared to the same period last year, according to data from Angola’s National Petroleum, Gas and Biofuels Agency (ANPG). The rise follows Angola’s exit from the Organisation of […]

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Foreign News Oil & Gas

Eni begins 2nd phase of oil & gas production in Ivory Coast

The energy group said Italy’s Eni started a second oil and gas production phase at Ivory Coast’s offshore Baleine field on Saturday. Eni discovered the Baleine field in September 2021 and started production in August last year. The second phase was scheduled to begin by the end of 2024. Production will now reach 60,000 barrels of oil […]

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Economy Oil & Gas

$5bn Shell’s project, Nigeria’s pride in oil & gas investment – TDF

By Abdulfatah Babatunde The Democratic Front (TDF), a think tank group, has praised Shell’s $5 billion final Investment Decision (FID) on the Bonga North Deep Offshore field. TheNewsZenith reports that TDF described the investment as “yet another proof of the investment-friendly mindset of President Bola Tinubu’s administration”. Mallam Danjuma Muhammad and Chief Wale Adedayo, the […]

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Oil & Gas

NLNG shortlists 300 youths for NC-HCD training

By Abdulfatah Babatunde The Nigeria Liquified Natural Gas (NLNG) has shortlisted no fewer than 331 young graduates for its Nigerian Content Human Capacity Development (NC-HCD) Basic Training Programme for the NLNG Train-7 project, which began last week in Port Harcourt. TheNewsZenith reports that the project is a major NC programme, aimed at reskilling young graduates […]

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Economy Oil & Gas

NLNG receives FIRS’ ‘Most Compliant Taxpayer’ award

From Our Correspondent Nigerian Liquefied Natural Gas (NLNG) has received the prestigious ‘Most Compliant Taxpayer’ award from the Federal Inland Revenue Service (FIRS). TheNewsZenith reports that FIRS organised the award on 2024 FIRS Day during the Lagos International Trade Fair. In a statement on the award, Sophia Horsfall, the NLNG’s General Manager (External Relations and Sustainable […]

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Oil & Gas Video

Video: Monopoly: Fix our refineries, Obaigbena tells FG

  From Abdulfatah Babatunde Nduka Obaigbena, the Chairman of ThisDay/Arise Media Group, has challenged the federal government to urgently fix all four refineries. TheNewsZenith reports that Obaigbena made the remarks at the ongoing 20th All Nigeria Editors Conference (ANEC) in Yenagoa, Bayelsa State. According to him, if they want to encourage competition and stop monopolies […]

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Economy Oil & Gas Video

Video: Horsfall steps in as NLNG GM External Relations as Odeh retires

By Abdulfatah Babatunde As Andy Odeh, General Manager, External Relations and Sustainable Development begins retirement leave, the Nigeria Liquified Natural Gas (NLNG) has appointed Dr Sofia Horsfall as its new General Manager. TheNewsZenith reports that Odeh announced the changes at a news briefing in Lagos. The outgoing GM expressed confidence in Horsfall’s capabilities, highlighting her extensive […]

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