Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that the country went more than a decade without attracting new oil investments until...
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said crude oil will remain the dominant source of global energy supply for at least...
The Federal Government has warned oil companies holding operating licences without the capacity to invest and produce crude oil that their licences risk being revoked. Minister...
Nigeria says it will conform with the production quota set for it by the Organisation of Petroleum Exporting Countries (OPEC). OPEC had on June 2, extended...
…claims sector has garnered $16.6bn investments under Tinubu The Minister of State for Petroleum Resources, Heineken Lokpobiri has stated that about $16.6 billion investments had been...
Nigeria’s Federal Government on Monday, announced the removal of the signature bonus requirement in bidding for oil blocks on offer, in a bid to attract fresh...
The Federal Government has said that it is targeting to increase crude oil production to two million barrels per day (bdp) and beyond by the end...
The price of Nigerian premium crude, Qua Iboe, has surpassed $100 per barrel as the global market continues to suffer a supply deficit. This is the...