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LIRS sets January 31st deadline for filing tax returns

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Oil and Gas

Lokpobiri urges NMDPRA to prioritise ending tanker explosions

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has called on the new Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Saidu Aliyu Mohammed, to make ending the recurring tanker explosions across the country a top priority. In a statement on Wednesday, Lokpobiri said that during a familiarisation visit to […]

featured Oil and Gas

FG pledges total support for Dangote Refinery’s 1.4m BPD goal

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said on Monday that the Federal Government will fully support Dangote Refinery in achieving its 1.4 million barrels-per-day refined products target. Lokpobiri made the pledge during his welcome address at the 19th Africa Downstream Energy Week in Lagos, an event themed “Energy Sustainability: Growth Beyond Boundaries […]

Business

Oil production gains 200,000bpd after IOC asset sales – Minister

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that recent divestments by international oil companies have boosted the country’s crude production by approximately 200,000 barrels per day. Speaking in Cape Town, South Africa, Lokpobiri delivered the keynote address on behalf of President Bola Tinubu at the Africa Energy Week, the statement […]

featured Oil and Gas

Nigeria’s oil sector sees billions in new investments — Minister

Nigeria has broken a 10-year drought in oil sector investments, thanks to reforms introduced under President Bola Tinubu’s administration. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made this announcement in a statement issued by his Special Adviser on Media and Communication, Nneamaka Okafor. Lokpobiri highlighted that recent policy changes have repositioned Nigeria […]

News

Africa must harmonize its policies to attract, retain investment — Lokpobiri

The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has called for deeper regional integration to tackle the $120 billion energy import bill faced by African countries annually. Speaking at the Africa Oil Week 2025 Ministerial and CEO Leadership Forum in Accra, Ghana, Lokpobiri emphasized that integration remains the most effective strategy to […]

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Oil sector divestments already boosting Crude output – Minister

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Tuesday stated that the recent wave of divestments in Nigeria’s oil and gas sector is already delivering positive results, particularly in boosting crude oil production. He noted that divestments are a normal aspect of the energy industry and expressed satisfaction that, under President […]

Energy

Nigeria reaffirms commitment to $5b Africa Energy Bank launch 

The Federal Government on Thursday reiterated its commitment to the swift launch of the $5 billion Africa Energy Bank, an initiative under the African Petroleum Producers’ Organisation. In a post on his X account, he Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, stated he led the Nigerian delegation to a meeting where […]

News

Oil sector deregulation tough, Nigerians now benefiting – Minister

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, stated on Tuesday that the full deregulation of the downstream oil sector by President Bola Tinubu’s administration is already benefiting Nigerians. Speaking in Abuja during a visit by the leadership of the Petroleum Products Retail Outlets Owners Association of Nigeria, Lokpobiri acknowledged that while […]

News

Minister, NUPRC disagree on oil production goals

The Minister of State for Petroleum Resources, (oil) Heineken Lokpobiri, and the Nigerian Upstream Petroleum Regulatory Commission have differing perspectives on the commission’s goal of boosting oil production by an additional one million barrels per day within 12 to 24 months. The initiative which aims to boost Nigeria’s energy output and support economic growth by […]

News

TotalEnergies to finalize investment deal in north offshore project – Lokpobiri

The Minister of Petroleum Resources, Heineken Lokpobiri, has announced that TotalEnergies is prepared to finalize an investment deal in the North Offshore project, along with joint ventures with Shell Petroleum Development Company and the Nigerian National Petroleum Company Limited. Lokpobiri made this disclosure after a meeting with the President of TotalEnergies, Mr. Nicolas Terraz in […]

News

Lagos FPSO facility to enhance crude oil output – Petroleum minister

The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has announced that the Floating Production Storage and Offloading facility in Lagos, a joint venture between NNPC Limited and Century Nigeria Limited, is nearing completion. This facility is set to contribute an additional 40,000 barrels per day to Nigeria’s crude oil production. Lokpobiri made this statement during […]

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Keyamo, Lokpobiri to unveil largest aviation fuel depot Oct 17

The Minister of Aviation and Aerospace Development, Festus Keyamo, and the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, are set to unveil a 15 million-litre aviation fuel depot near the Murtala Muhammed International Airport road in Lagos. Scheduled for launch on October 17, 2024, the Joint User Hydrant Installation 2 will be the […]

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