The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has addressed concerns about the potential exit of international oil companies (IOCs) such as Shell, ExxonMobil, and Eni, following ongoing divestment deals. Speaking on the sidelines of the African Energy Week in…
A Floating Production Storage and Offloading (FPSO) facility by Century Group JV and its partners is set to alleviate Nigeria’s ailing oil production woes by 40,000 barrels per day upon completion next year, Minister of Petroleum Resources (Oil), Heineken Lokpobiri…
The Minister of Petroleum (Oil), Heineken Lokpobiri, has said the country is expecting an impressive sum of $50 billion in investment in the oil sector. Lokpobiri made this disclosure in a statement on Wednesday during an interactive session with members…
..Says sector is deregulated …We are not at our full market price of petrol yet — NNPC VP …ACCI warns of looming economic crises …As Atiku calls for enhanced support for private sector, commends Dangote Refinery By Seun Ibiyemi The…
The State Minister of Oil, Heineken Lokpobiri, has insisted that the country is producing 1.7 million barrels of crude oil daily including condensates. Lokpobiri made this disclosure during a keynote speech at an energy summit in Abuja. He said the…
The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has pledged the Federal Government’s collaboration with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to support local refineries. Lokpobiri made the statement at the 2024 PENGASSAN…
By Esther Agbo Nigeria has been designated as the host country for the headquarters of the African Energy Bank (AEB), a pivotal institution aimed at spearheading energy financing and development initiatives across Africa. The decision highlights Nigeria’s prominent role and…
…Seeks due process, increased investments in gas projects By Emmanuel Atokolo Speculations have emerged that the appointment of a Co-Chairman for the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) by President Tinubu may not be unconnected…
2024 oil bid round are for individuals with proven financial capacity, technical competence – Minister . As NUPRC pledges to conduct fair, transparent bids As part of effort to drive investment and boost the nations economic fortunes, the Minister of…
…Urges players to strengthen Nigerian banks with funding By Emmanuel Atokolo The Federal Government has revealed plans to revoke licenses of unutilized oil well owners. The Oil and Gas sector has in recent times been plagued with crises ranging from…
