Venezuela Oil Ships Head to US as Storage Nears Capacity
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.
Category : Search result: Ogoni oil exploration
US to Control Venezuela Oil Sales Indefinitely
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 Seizes Russian Oil Tanker Over Sanctions
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 Seizes Russian Oil Tanker in North Atlantic
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. Seizes Russian-Flagged Tanker Linked to Venezuela
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: God Said US Should Take Venezuela's Oil
Pastor Hank Kunneman defends Trump's plan to control Venezuela's oil, claiming divine approval. Read the global reactions and the controversial spiritual justification.
Venezuela Agrees to Send Millions of Barrels of Oil to US
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.
Venezuela to Turn Over 30-50 Million Barrels of Oil to US
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.
Oil Prices Slip to $61 Amid Venezuela Instability
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.
Trump's 18-Month Plan for US Oil in Venezuela
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.
US Venezuela Oil Plan Poses Risk to Nigeria's 2026 Budget
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.
Ogoni Stakeholders React to Abe, Kobani Board Nominations
Ogoni stakeholders commend Magnus Abe and Kenneth Kobani's nominations to NUPRC and NMDPRA boards but insist appointments don't signal oil resumption. They demand environmental cleanup first.
Ogoni Group Accuses Police of Shielding Journalist Attackers
An Ogoni group accuses Rivers State Police of shielding perpetrators who attacked an ARISE TV crew and a guest in Port Harcourt. Read the full report on the assault and the calls for justice.
Nigeria's N58tr Budget Faces $10bn Hole from Venezuela Crisis
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.
Fubara Calls for Ogoni Unity Amid Renewed Federal Talks
Rivers Governor Siminalayi Fubara appeals for unity among Ogoni people during Ogoni Day, as MOSOP emphasizes peaceful conflict resolution for sustainable development. Read more.
Venezuela Crisis Puts Nigeria's N58tr Budget at Risk
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.
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
US Venezuela Action Poses Oil Price Risk to Nigeria - Expert
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.
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.
Dangote Refinery Exports to Ghana May Decline
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.
Giadom: Ogoni a No-Go Area for Fubara Without Wike
APC's Victor Giadom declares Ogoniland a political no-go zone for Governor Fubara without Wike's backing. Key allies pledge loyalty to Wike and Tinubu ahead of 2027. Read the full analysis.
₦200m Fund Launched for 20 Ogoni Entrepreneurs
Chief Lesi Maol invests ₦200m to empower 20 Ogoni entrepreneurs, urging youth to embrace wealth creation for sustainable development. A transformative step for Ogoniland's economy.
Army Arrests 19 Oil Thieves, Destroys 22 Illegal Refining Sites
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.
OML 30 Sees Rising Production After Major Restructuring
Heritage Energy says years of restructuring and investment in OML 30 are now yielding rising production and stronger reserves. The firm prioritized long-term stability over short-term gains.
Nigeria ships 33.2m barrels of crude to U.S. in eight months
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.
Tinubu hails Ogoni peace pact ahead of oil resumption
President Tinubu commends Ogoni peace efforts for oil revival, but activists demand justice and environmental cleanup first. Read the full story on the tensions and government plans.
Ribadu, Ministers Visit Rivers for Project, Ogoni Inspection
NSA Nuhu Ribadu and two ministers visited Rivers State Governor Siminalayi Fubara to inspect key infrastructure and oil spill sites in Ogoniland. The visit aims to address environmental and security concerns. Read more details here.
Ribadu Delivers Tinubu's Message to Rivers Governor Fubara
National Security Adviser Nuhu Ribadu conveyed President Tinubu's commendation to Governor Siminalayi Fubara during a high-level visit to Port Harcourt. The delegation aims to consolidate peace in Ogoniland for resumed oil exploration.
Indigenous Firms Control 50% of Nigeria's Oil, Gas Output
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.
Dangote, Others Honoured in Downstream Petroleum Awards
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.
Page 1 of 4