Category : Search result: Venezuela oil production


Trump Eyes Venezuela Oil After Seizing Maduro

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

Is Venezuela a World Power? The Shocking Truth

Venezuela holds the world's largest oil reserves but ranks 58th in GDP. Discover why its vast natural wealth hasn't translated into global power. Read the full analysis.

US Charges Maduro with Terrorism After Venezuela Invasion

The US has indicted Venezuelan President Nicolás Maduro and his wife Cilia Flores on terrorism and drug charges following a military strike. Attorney General Pamela Bondi confirms the charges. Read full details and public reactions here.

Nigeria's Oil Sector Wins in 2025, Says Minister Lokpobiri

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.

NNPC remits N12.1trn, reports N502bn profit in 2025

NNPC Limited remitted N12.117 trillion to the Federation Account in ten months, reporting strong revenue and profit growth. Oil production held steady as key gas pipeline projects near completion.

NNPC Records N4.36tr Revenue, N502bn Profit

NNPC Ltd announces N4.36 trillion revenue and N502 billion profit for November 2025, driven by increased oil production. Discover the full financial and operational breakdown.

Nigeria Aims to Resume Oil Production in Ogoniland

The Nigerian government is pushing to resume crude oil production in Ogoniland, Rivers State, marking a major shift in a long-standing dispute. Read about the new peace efforts and economic implications.

PETROAN: N58.18tr 2026 Budget Achievable with 1.84mbpd

PETROAN endorses Nigeria's 2026 budget, citing realistic oil targets. It urges transparent privatisation of state refineries by Q1 2026 and highlights security, host communities, and regulatory funding as key to success.

US Pursues Third Oil Tanker in Caribbean Near Venezuela

The US Coast Guard is actively pursuing another sanctioned oil tanker near Venezuela, intensifying pressure on Caracas's oil sector. This follows the recent seizure of the 'Centuries' tanker. Get the latest details.

Civil Society Rates NNPC Boss High on Performance

A coalition of civil society groups has commended NNPC GCEO Engr. Bashir Bayo Ojulari for transformative leadership, citing record profits and increased oil production. Read the full appraisal here.

Trump Won't Rule Out Military Action in Venezuela

US President Donald Trump declines to rule out war with Venezuela, amid naval build-up and tanker seizures. Tensions rise over oil, China ties, and Maduro's regime. Read the full analysis.

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.

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