Court dismisses suit challenging allocation of four oil fields
The disputed oil fields spread across Bayelsa, Rivers and Akwa Ibom States.
The disputed oil fields spread across Bayelsa, Rivers and Akwa Ibom States.
Authorities say the temporary suspension will allow regulators and industry operators to review concerns over the controversial charge.
The Minister of State for Petroleum Resources, Heineken Lokpobiri, appealed to the lawmakers for more time to study relevant documents, ...
“Nigeria has completed its final obligations for the launch of the Africa Energy Bank, paving the way for the institution ...
The suit seeks to block assigning, or allocating the oil fields in Yorla South in Rivers State.
Justice Emeka Nwite gave the order on Monday after Ambrose Unaeze, who appeared for the plaintiffs – Hi-Rev Oil Ltd ...
The Frontier Exploration Fund, established under the Petroleum Industry Act (PIA) 2021, was designed to support new oil exploration efforts ...
"Nigeria is richly endowed with hydrocarbons and we seek to optimise production. But funding is critical to our success. So, ...
The Minister said frequent and often unnecessary invitations of International Oil Companies (IOCs) and the NNPC by lawmakers could disrupt ...
The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, said that Nigeria had proven gas reserves of over 200 trillion ...
The plant has an annual external capacity coating capacity of two million square meters and an internal square meters coating ...
Mr Lokpobiri called on operators to work with the government, particularly in the upstream sector, to unlock the country's oil ...
Mr Adeyemi-Bero was also appointed as the Chairman of the OPEC Board of Governors for 2025.
“Nigeria remains steadfast in supporting these efforts while pursuing our national objectives within the global energy landscape,” Mr Lokpobiri said.
This was revealed at the 13th Practical Nigerian Content (PNC) Conference and Exhibition holding at the NCDMB Conference Centre, Yenagoa, ...
Nigeria has lost almost $2.5 billion within the last five years due to delayed implementation of the cargo inspection contract, ...
“The operator indicated that the helicopter had 2 hours and 15 minutes of fuel endurance."
“For the past few years, Nigeria hasn't actually done much on exploration and that is why our reserves are not ...
The death toll rose to 170 on Friday, three days after the incident
Mr Lokpobiri said the statement does not represent his position as the minister overseeing the oil sector, nor does it ...
There is a fire and ballot revolution in Rivers state and the main victim that I can see for now ...
“We want to reassure the public that there is sufficient fuel supply in the country, and by the weekend, we ...
At NNPC retail stations, petrol now sell for between N855 and N897 per litre, depending on the location, from the ...
The NNPC had on Sunday lamented heavy debt burden, saying its inability to settle its liabilities to suppliers was threatening ...
The minister emphasised the importance of cooperation and synergy among all stakeholders to ensure the success and optimal performance of ...
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