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FID

28 Apr 2020
With the impact of the coronavirus compounding oil and gas industry challenges, governments in Nigeria and other African countries have been urged to extend the implementation of Production Sharing Contracts (PSCs), and work program adjustments to boost exploration
8 Apr 2020
The upstream sector of the oil and gas industry could be hit harder in the current dilemma facing the industry as deeper cuts hovering around $210 billion is being considered in the sector.
28 Dec 2019
The Nigeria LNG Limited (NLNG) yesterday took the Final Investment Decision (FID) for its Train 7 Project, which will increase its production by 35 per cent...
11 Sep 2019
The Federal Government yesterday, said Final Investment Decisions (FIDs) will be taken on at least four key projects within the nation’s oil and gas industry by the end of last quarter this year.
10 Jul 2019
Notwithstanding exploration and production interests expressed by oil majors in Nigeria’s oil and gas sector, the lack of clarity on the legal regime, especially as it relates to royalties and renewal of several oil blocks, has stalled investors from making final investment decisions. While operators like Shell, are moving ahead, the country remains, to some…
13 May 2016
Final Investment Decision (FID) on seven deepwater projects has been delayed due to regulatory uncertainties in the country.

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The United States announced Friday that it was suspending 44 Chinese passenger flights from America to the Asian giant in response to restrictive moves by Beijing on US carriers under its Covid-19 protocols. China maintains strict controls over border entry including slashed flights and a "circuit breaker" policy where routes are halted if too many…
29 mins ago
Germany will send a field hospital to Ukraine, Defence Minister Christine Lambrecht said on Saturday, while once again rejecting Kiev's calls for weapons delivery as fears of a Russian invasion grow. Berlin has already delivered respirators to Ukraine and severely injured Ukrainian soldiers are currently being treated in Bundeswehr hospitals, the minister told Welt am…
38 mins ago
Fighting raged for a third day Saturday between the Islamic State group and Kurdish forces in Syria after IS attacked a prison housing jihadists, in violence that has claimed over 70 lives, a monitor said. The assault on the Ghwayran prison in the northern city of Hasakeh is one of IS's most significant since its…
5 hours ago
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5 hours ago
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