- TotalEnergies plans to invest $6 billion in Nigeria’s oil and gas.
- CEO Pouyanne and President Tinubu meet to sign an NNPC deal for advanced drone technology in methane detection.
TotalEnergies plans to invest $6 billion, focusing on offshore oil projects and boosting gas production. According to President Bola Tinubu’s office, TotalEnergies reaffirmed its commitment to Nigeria’s business interests, with CEO Patrick Pouyanne meeting Tinubu in Abuja. They signed a deal with Nigerian National Petroleum Corporation (NNPC) Ltd to use advanced drone technology for methane detection in Nigerian oil and gas facilities.
This meeting followed discussions with Shell and Exxon Mobil as part of Nigeria’s efforts to attract energy sector investments. Due to offshore production resilience, Nigeria’s oil output, facing theft and sabotage, has recently improved. Tinubu pledged to remove investment barriers and offer incentives to elevate gas output in the industry.