Nigerian oil industry
Politics killing Nigeria’s refineries – PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that Nigeria’s state-owned refineries may never function optimally unless the Federal Government ends decades of political interference and adopts a new ownership and management model. Speaking at the 4th PENGASSAN Energy and Labour Summit 2025 in Abuja, the association’s President, Festus Osifo, […]
Marketers Blast NNPC Boss over Port Harcourt Refinery Snub
Petroleum marketers in Rivers State have openly criticised the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Bayo Ojulari, for failing to visit the Port Harcourt refinery during his recent tour of the state’s oil and gas facilities. The Host Communities Bulk Retailers Association of Port Harcourt Refinery expressed […]
Fuel Imports Rise to 71% as Marketers Abandon Local Refineries
In a striking development within Nigeria’s oil and gas sector, new data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals that 71.38% of the nation’s Premium Motor Spirit (PMS) consumption for May and June 2025 came from imports—despite the existence of domestic refining capacity, particularly from the $20 billion Dangote Petroleum Refinery. […]
Shell Loads First Crude Oil Shipment from New Nigerian Export Terminal
Shell Nigeria Exploration and Production Company Limited has commenced crude oil exports from the newly established Otakikpo onshore terminal. This marks the first crude cargo loaded from the $400 million facility, developed by indigenous operator Green Energy International Limited (GEIL), located in the OML 11 block near Port Harcourt. The Shell Otakikpo terminal boasts a […]
Jonathan: Western Oil Firms Exploited Nigeria’s Weak Laws
Nigeria’s former President, Goodluck Jonathan, has sharply criticized Western oil companies for exploiting Nigeria’s historically weak legal framework and lack of technical expertise in the oil sector. Speaking at the Nigerian Content Development and Monitoring Board (NCDMB) Champions of Nigerian Content Awards Dinner in Yenagoa, Bayelsa State, Jonathan revealed how the absence of robust local […]