NEITI Reveals Oil and Gas Industry's $6.1bn Debt to FG   The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the oil and gas industry owes the federal government a whopping $6.1 billion in outstanding liabilities as of August 2024. These are made up of outstanding...

FG To Explore Alternative Funding Model For Oil, Gas Industry Development – NUPRC   The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources. Mr Gbenga Komolafe, the Commission...

FG To Make Decision On 4 Oil Project   The Federal Government is to deliver Final Investment Decisions on at least four key projects within the nation’s oil and gas industry within the tenure of this administration, President Muhammadu Buhari, has said. Buhari, who is the Minister...

Petroleum Sector Braces For Robotics As Adoption Hits $277.8bn   Oil and gas industry is set to speed up the adoption of robotics in upstream, midstream, and downstream activities with the aim of driving efficiency and productivity in the face of uncertainties. A report released on ‘Robotics...