The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Nigeria achieved a major investment breakthrough in 2025 with the signing of 28 new field development plans, valued at $18.2bn, which carry an estimated production potential of 1.4 billion barrels of oil.
Nigeria has officially handed over the fully furnished headquarters of the Africa Energy Bank to the Association of African Petroleum Producing Countries (APPO).
Report Reveals Oil Output Rose by 35,000bpd in November
Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries (OPEC) members in November 2025, pumping 1.436 million barrels per day, up from 1.401 mbpd in October, according to the...
The Minister of Petroleum Resources (Oil), Senator Heineken Lokpobiri at the weekend asked illegal operators to emulate the model of the ongoing Ebenco Global Link Limited refinery in Koko, Delta State to replicate other modular refineries.
President Bola Tinubu yesterday declared that Africa’s $120 billion worth of hydrocarbon resources must be made to benefit the continent and its people.
