Nigeria began preliminary talks with international oil companies to settle a dispute over revenue. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies after they failed to comply with a 1993 law that hands the state a greater share of income when oil exceeds $20 a barrel. […]
The oil and gas industry is “not-yet replaceable” as a reliable energy provider but it must harness technological advancements to hold off the challenge from renewable energy sources, according to Nigerian ex-president Olusegun Obasanjo. “The present challenges, particularly of renewable resources coming in and eating gradually but steadily into the areas where oil and gas […]
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