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...

NNPC/First E&P Hits Safety Milestone in Oil Sector The Nigerian National Petroleum Company Ltd/FIRST Exploration and Petroleum Development Company Joint Venture has achieved a significant safety milestone, marking 10 million Lost Time Incident-free man-hours across its operations on PML 53 and PML 54. A statement from...