The House of Representatives, at the resumption of plenary yesterday, summoned the Minister of Petroleum Resources and all relevant stakeholders to explain the current fuel scarcity and attendant pains nationwide. 

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to shut down all their marketing outlets nationwide over more than N200 billion in debts owed to them by the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) from 2022.

Minister of Petroleum (Oil), Heineken Lokpobiri and former Executive Secretary of the Nigerian Local Content Development and Monitoring Board (NCDMB), Simbi Wabote, are at loggerheads over wasteful spending of about $500 million.

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the country would be able to ramp up oil and gas production to feed Dangote and other local refineries by curtailing pipeline vandalisation and oil theft through its new partnership with the Nigerian Armed Forces.

Worried by the dwindling oil production and the need to drive investments in the nation’s oil and gas sector, the Federal Government, through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has underscored the imperative of ramping up production as a pivotal strategy to ensure stability in the midstream and downstream sectors of the industry.

The Federal Government has called on oil and gas operators to create ingenious ways of raising capital to expand their investment and tackle myriads of problems facing the sector, especially leveraging the nation's capital market.

Nigeria may struggle to find buyers for its crude oil as about 30 out of 53 cargoes loading for May are stranded. This is coming despite the low production currently being experienced in the country as Angola

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri and the Minister of State for Petroleum (Gas) Ekperikpe Ekpo are to speak at the 23rd yearly NOG Energy Week 2024 following the Executive Order by President Bola Ahmed Tinubu on government’s strategies in strengthening the country’s energy sector.

The Federal Government yesterday said international oil companies (IOCs) will not be blocked from divesting their assets in the country even as the government warned that short-changing Nigeria in the process will not be tolerated.

The Federal Government and marketers of Premium Motor Spirit (PMS) otherwise called petrol will today return to negotiation table amid petrol scarcity in the Federal Capital Territory (FCT), Abuja. The Federal Government through the Minister of Petroleum Resources (Oil), Heineken Lokpobiri, had convened a meeting to resolve ongoing challenges in the downstream petroleum sector, especially…

Minister of State for Petroleum (Oil), Heineken Lokpobiri, said the federal government would not delay the sale of assets of Shell if necessary clearances are done.

Nigeria is exploring options to increase crude oil production amidst challenges facing producing companies in the country. The Minister of State for Petroleum (Oil), Heineken Lokpobiri, said the plan to ramp up production remains on course.