Tag: Heineken Lokpobiri

  • FG REAFFIRMS REVOCATION OF OVER 50 EXPIRED OIL LICENCES

    FG REAFFIRMS REVOCATION OF OVER 50 EXPIRED OIL LICENCES

    Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has refused to approve extensions for over 50 expired oil licences, mostly from the 2020 marginal fields bid round. Of the 60+ licences awarded, fewer than six have made the required investments to begin production. Lokpobiri argues that granting extensions to inactive holders is counterproductive, emphasizing the need…

  • FOREIGN OIL CONTRACTORS URGED TO RETURN BY FG

    FOREIGN OIL CONTRACTORS URGED TO RETURN BY FG

    Nigeria’s Minister of Petroleum Resources, Heineken Lokpobiri has urged Engineering, Procurement, and Construction (EPC) companies that left Nigeria’s oil and gas sector to return, citing a more investment-friendly environment under President Bola Tinubu’s administration. Speaking at the 2025 Nigeria Annual International Conference and Exhibition, he highlighted reforms from the Petroleum Industry Act and incentives positioning…

WP Radio
WP Radio
OFFLINE LIVE