in Short

Nigeria : TotalEnergies will invest $6 billion in oil and gas

TotalEnergies pledged to “invest $6 billion in the coming years,” with focus on offshore oil projects and gas production across all terrain, Tinubu’s office said in a statement.

TotalEnergies said it had signed a co-operation agreement with Nigeria’s state oil firm NNPC Ltd to carry out methane detection and measurement campaigns using its advanced drone-based AUSEA technology on oil and gas facilities in Nigeria.

President Tinubu pledged to remove “anti-investment impediments in the oil and gas industry” and provide incentives to producers to help boost gas output.

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