Tinubu to Commission $400m Crude Export Terminal in Rivers   President Bola Tinubu is scheduled to inaugurate the $400m Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, the first new crude export facility to be built in Nigeria in over 50 years. The...

FG Woos Investors with $5.5bn Oil Asset Sale, 200,000bpd Production   The Federal Government has said recent divestments by International Oil Companies have added about 200,000 barrels per day to Nigeria’s crude production, boosting efforts to stabilise the sector. Minister of State for Petroleum Resources (Oil), Senator...

Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said that Nigeria’s oil production rose to 1.8 million barrels per day, from 1 million, adding that the goal is to reach 2.5 million bdp, as American companies are already showing strong interest in investing in Nigerian oil blocks.

Oil Investments Revive After 10-Year Drought – FG   The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has announced that the country has broken a 10-year drought in oil sector investments, thanks to reforms introduced under President Bola Tinubu’s administration. Lokpobiri disclosed this in...

The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has begged Equipment, Procurement, and Construction companies that have departed Nigeria’s oil and gas sector to return.

NCDMB Approves Over 440 Expatriate Slots in Oil Sector   The Nigerian Content Development and Monitoring Board (NCDMB) has approved the requests of no fewer than 448 foreigners to work and earn a living in the oil and gas sector, even as the Federal Government pushes...