The Nigerian oil and gas sector has experienced a whirlwind of activity this first two weeks of April 2025. From leadership changes at the top of the industry to safety concerns on offshore platforms and a major financing boost for local refining, the week has been nothing short of eventful.
1. NNPC Gets a New CEO President Tinubu has appointed Mr. Bayo Ojulari as CEO of NNPC Ltd. A respected veteran in the industry, Ojulari is expected to bring fresh insights and reforms. The sector is hopeful this appointment will catalyze better management of the country’s oil assets and lead to increased efficiency.
2. OPEC Reports Production Decline Nigeria’s oil output dropped by 50,000 barrels per day in March, as per OPEC data. The primary reason appears to be a supply gap from the Dangote refinery. This emphasizes the need for improved local refining capacity to meet demand.
3. Shell Faces Renewed Safety Criticism Internal reports leaked this week reveal that long-standing safety concerns persist on Shell’s Bonga offshore platform. Environmental advocates warn that unresolved issues from the 2011 oil spill could lead to further ecological damage and reputational risks for stakeholders.
4. Afreximbank’s $3 Billion Support for Local Refining In more positive news, Afreximbank has approved a $3 billion package to bolster Africa’s local refining capabilities. For Nigeria, this is a huge step toward self-sufficiency and job creation.
What This Means for You For distributors, operators, and consumers in the energy space, these developments signal both opportunity and caution. Deepshores Energy remains committed to delivering petroleum products reliably while supporting infrastructure and facility improvements that align with global best practices.
Stay with us for timely updates and expert insights on Nigeria’s evolving energy landscape.