Total Energies to inject $6bn in gas production, others President Bola Tinubu, on Monday, promised the international investment community that his administration would preserve Nigeria as a top-level destination for offshore and onshore investments. “We are committed to removing all cobwebs and anti-investment impediments in the oil and gas industry.[Read More…]
Nigeria’s $5bn gas earnings too low, says Shettima The Vice President, Senator Kashim Shettima, on Thursday, said Nigeria earns about $5bn from gas, but described it as too low, particularly when compared to what Egypt earns from the same commodity despite having a far lower gas reserves. Shettima, who[Read More…]
NCDMB seeks cost reduction at oil & gas park The Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote has pushed for a virile manufacturing sector that will not only create the much-needed employment opportunities, but also have a multiplier effect on the economy. This is[Read More…]
Nigeria burns up N373b through gas flaring in H1 2023 – NOSDRA Gas flaring cost the treasury N373 billion in the first half of the year ending June (H1 2023) as the waste rose 10 per cent year-on-year (YoY) to 138.7 million metric standard cubic feet (mscf) from 126.1 mscf[Read More…]
TotalEnergies discovers oil, gas on OML102 offshore Nigeria TotalEnergies has discovered the Nkoton oil and gas on the Oil Mining Lease (OML) 102 offshore Nigeria. Country Communications Manager, Total Country Services, Charles Ebereonwu, disclosed this on Tuesday in a statement in Lagos, report from NAN Ebereonwu said the[Read More…]
