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Nigeria: Petroleum Minister, Lokpobiri Lauds Caverton As a Leader in Aviation Industry

Summary by allAfrica

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has described Caverton Helicopters Company as a pacesetter and leader in the Nigerian aviation sector worthy of emulation.

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Nigeria: Petroleum Minister, Lokpobiri Lauds Caverton As a Leader in Aviation Industry

2 days ago·South Africa

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Independent Newspapers Nigeria

Petroleum Minister, Lokpobiri Lauds Caverton As Leader In Aviation Industry – Independent Newspaper Nigeria

…I Am Happy With Your Achievements Says Minister Senator Heineken Lokpobiri, the Nigerian Minister of State for Petroleum Resources (Oil), has described Caverton Helicopters Company as a pacesetter and leader in the Nigerian aviation sector worthy of emulation. Lokpobiri, stated this during a facility tour of the state of the art of the company’s aircraft […]

2 days ago

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Pointblank News

Use or lose it, FG Gives Oil Block Owners Ultimatum

By Lizzy Chirkpi In what is seen as a move to boost the nation’s oil production and achieve its 2.06 million barrels per day target by 2025, the Federal Government is set to enforce the “drill or drop” provisions of the Petroleum Industry Act (PIA). The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, issued this directive on Tuesday, highlighting the government’s resolve to eliminate the long-term underutilization o…

2 days ago

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Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.

FG to implement policy compelling IOCs to drill or drop inactive oil wells

Heineken Lokpobiri, minister of state for petroleum resources, says the federal government plans to commence implementing the drill-or-drop provisions of the Petroleum Industry Act (PIA). Section 94 of the PIA gives operators a period of three years to begin oil production or relinquish the assets to the federal government. Speaking during the Cross Industry Group (CIG) meeting held on Tuesday in Florence, Italy, Lokpobiri said it is in the …

2 days ago

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The Podium Media

FG To Take Over Idle Assets Abandoned By Oil Firms In Nigeria – Lokpobiri - Thepodiummedia

The Federal Government of Nigeria has said it would soon begin enforcement of the “drill or drop” provisions of the Petroleum Industry Act (PIA), which empowers the government to take over idle assets abandoned by oil firms for an extended period. This was disclosed by the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, at the Cross Industry Group (CIG) Meeting in Florence, Italy, where he engaged industry leaders on ch…

2 days ago

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