Tinubu Orders Reduction in Oil Project Costs   President Bola Tinubu has signed an Executive Order aimed at slashing oil and gas projects’ costs, improving government revenue, and accelerating investment inflow into Nigeria’s energy sector. In a statement issued on Thursday by the Office of the Special...

1,068 Approved Oil Projects To Attract $22.8bn Investments – FG   About 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on Wednesday. It disclosed this during a...

Refiners: N67trn Oil Projects Fund Threatened in Nigeria The African Refiners and Distributors Association (ARDA), has expressed concern that funding for oil projects, totaling over $160 billion (N67.118 trillion), is threatened in Nigeria. ARDA stated this during its Work Group Workshop Series on HSE & Quality,...

Fed Govt Expects New Oil Projects Amid $42bn Deals       The Federal Government has said it is bullish that many oil and gas projects will commence in the country, following the signing of over $42bn worth of investment agreement recently by various Nigerian entities. The Minister of...

FG Urges IOCs To Embark On New Oil Projects       International Oil Companies operating in the country have been urged to embark on new projects despite the delay in the passage of the Petroleum Industry Bill. The Nigerian Content Development and Monitoring Board, an agency in the...

Nigeria’s Oil Projects Threatened As IOCs Suffer $27.8bn Loss   Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country saw their financials take a dive in the second quarter of this year. The slump in oil...