Nigeria Risks Losing 38% Deepwater Oil Output 2025 - Operators
The fiscal terms in the current Petroleum Industry Bill may lead to a 38 per cent reduction in Nigeria’s deepwater oil production in 2025, an industry group comprising international and indigenous oil firms in the...
NLNG Targets Eight More Plants As Competition Grows
The Nigeria LNG Limited has said Nigeria needs at least 15 Liquefied Natural Gas trains to be able to stay competitive in the global natural gas markets.
The Managing Director and Chief Executive Officer, NLNG, Mr Tony Attah,...
Renewable Energy Breakthrough Threatens Nigeria’s Gas Investments
Efforts by the government to harness its 203.16 trillion cubic feet (TCF) gas reserves to spur economic activities and boost revenue may remain elusive as an emerging energy solution, especially renewable energy and energy storage, are projected to...
Oil Exploration Activities Decline, Threaten 40bn Reserves Target
Nigeria has recorded a significant 19.3 per cent decline in the level of oil exploration in the first 10 months of this year, a development which may be threatening the Federal Government’s plan to restore growth in...
Over $30bn Oil Sector Projects Still Awaiting Final Investment Decisions
Nigeria’s oil and gas industry has continued to record heavy drop in investments for many years and in the last five years the sector has suffered more inactivity as over $30 billion projects are still...
Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries should...
