Rivers Community Demands FG Action on Oil Pollution
Leaders in Rivers State's Kpean community demand urgent federal action over a massive oil spill destroying farmlands and rivers. They accuse FG, Shell, and NNPCL of negligence.
Category : Search result: Nigeria oil sector crisis
Dangote Refinery's 2025 Crisis: Unions, Pricing & Regulation
Nigeria's oil sector faced major tensions in 2025 as Dangote Refinery clashed with unions, marketers, and regulators over labour rights, pricing, and market control. Explore the full review of the crisis and its implications for 2026.
NUPRC Leads 357 MDAs in ICPC Ethics Assessment
Nigeria's upstream oil regulator, NUPRC, ranked first in the ICPC's 2025 ethics evaluation. The top score signals strong governance reforms and boosts investor confidence in the sector. Read the full analysis.
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.
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.
Nigeria's Oil Sector: PIA Fails, Distrust Deepens
Despite the Petroleum Industry Act, Nigeria's oil sector remains mired in opacity. NEITI recovers billions, but Dangote Refinery clashes with NMDPRA, exposing deep-seated governance failures. Read the full analysis.
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.
Africa's Fuel Import 'Slavery' Persists Despite New Refineries
Africa remains trapped in fuel import dependence despite new refineries. This analysis reveals the structural barriers, from fragmented standards to poor infrastructure, that keep the continent vulnerable to global shocks. Discover the path to true energy
Civil Society Commends NNPC's Ojulari for Oil Sector Turnaround
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.
Ahmed defends $5M education spending, welcomes probe
Outgoing NMDPRA CEO Farouk Ahmed dismisses allegations of spending $5m on children's education abroad, invites anti-graft agencies to investigate. Senators Oshiomhole and Jimkuta celebrate his exit, while new nominees chart ambitious reform paths for Nige
BP Appoints First Female CEO in Historic Move
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.
Venezuela Faces Deep Crisis as US Tightens Oil Blockade
A new US blockade on Venezuelan oil shipments could slash production and halve exports, pushing the economy deeper into crisis. Experts warn of severe impacts.
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.
Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
Trump Orders Naval Blockade of Venezuela Oil Tankers
US President Donald Trump announces a total blockade of sanctioned Venezuelan oil vessels, escalating tensions. Learn the details and potential impact on the global oil market.
NUPRC: Making Oil & Gas Work for Nigerians
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is leading a historic shift towards transparency and accountability in the oil sector, turning a 'resource curse' into a national blessing. Discover how this reform benefits citizens.
Dangote Petitions ICPC Over NMDPRA MD's $7M Spending
Aliko Dangote petitions ICPC to probe NMDPRA MD Farouk Ahmed for alleged misuse of public funds on children's tuition. Lawyers group condemns 'media trial'. Read the full details.
Lawyers Condemn Media Trial of NMDPRA CEO Farouk Ahmed
A coalition of 40 lawyers has condemned baseless corruption allegations against NMDPRA CEO Engr. Farouk Ahmed, warning against media trials that undermine Nigeria's oil sector. Read their full defence.
Rivers Community Protests 2-Year Power, Water Outage
Women in Kula, Rivers State, protest lack of electricity and water for over two years despite hosting major oil firms. They plead for government intervention amid a health crisis.
Lawyers Slam Dangote Over NMDPRA Corruption Allegations
A coalition of 40 Nigerian lawyers has dismissed Aliko Dangote's corruption claims against NMDPRA's Farouk Ahmed as unfounded, warning against media trials. Read their full statement.
House of Reps Intervenes in Dangote, NMDPRA Dispute
The House of Representatives has stepped in to mediate the escalating conflict between Dangote Refinery and the NMDPRA. Both parties have been summoned to present their cases. Read the full story.
Golden Terra Oil Voted Nigeria's Top Healthy Cooking Oil
Nigerian consumers have voted Golden Terra Soya Oil as the Most Preferred Healthy Cooking Oil at the 2025 Consumer Value Awards. Discover why 72% chose this heart-friendly brand.
Ogoni Youths Demand Oil Block, Halt to License Bids
Ogoni youths demand an oil block and halt to ongoing bids, insisting on equity and inclusion before resuming oil production in Ogoniland after 30 years.
PENGASSAN warns of oil sector brain drain over low pay
PENGASSAN warns Nigeria's oil sector faces a severe brain drain due to low wages and economic hardship. Union President Festus Osifo urges immediate action to close the wage gap and retain skilled workers.
Imemba: Nigeria Must Focus on Net Value, Not Just Local Content %
TotalEnergies Nigeria's Obi Imemba calls for a strategic pivot in implementing Nigeria's local content law, advocating for maximizing net value retention over rigid percentage targets. Read his full proposal.
Serbia's Oil Refinery Shutdown Could Cost for Years
Experts warn Serbia faces years of economic fallout, job losses, and budget risks after the shutdown of its only oil refinery due to US sanctions on Russian owners. Read the full analysis.
Eterna Plc Launches N21.52 Billion Rights Issue
Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.
NNPC's ₦5.4trn Profit Shows Impact of Reforms
NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.
UK Group GETI Praises NUPRC's $10bn Licensing Round
UK's GETI commends NUPRC for transparent $10bn oil licensing round. Digital portal for 50 blocks aligns Nigeria with global best practices, boosting investor confidence. Read more.
NUPRC's $10bn Licensing Round Hailed as Global Transparency Model
UK-based GETI commends NUPRC's digital licensing portal, projecting $10bn investment. A new benchmark for Africa's oil sector under Engr. Gbenga Komolafe's leadership.
Page 1 of 4