TotalEnergies has agreed to sell a 40 per cent stake in two exploration licences offshore Nigeria to Chevron, marking a renewed wave of portfolio realignments. The company said on Monday that the divestment covers the PPL 2000 and 2001 licences Read More
NUPRC finalises deepwater PSCs for offshore blocks, secures new investments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday supervised the formal signing of Production Sharing Contracts (PSCs) for two offshore oil blocks, Petroleum Prospecting Licences (PPLs) 2000 and 2001, awarded to the TotalEnergies–Sapetro Consortium. The ceremony, held in Abuja, Read More
Nigeria to re-allocate dormant oil blocks, signs new production sharing contract
Nigeria’s upstream oil and gas sector marked a significant milestone yesterday with the signing of a new Production Sharing Contract (PSC) covering two offshore blocks awarded to the TotalEnergies–Sapetro consortium. The post Nigeria to re-allocate dormant oil blocks, signs new Read More
Nigeria seals deepwater oil deal with TotalEnergies
Nigeria has signed a new production-sharing contract with French energy giant TotalEnergies and local partner South Atlantic Petroleum Limited (Sapetro) for two offshore oil blocks, in a move aimed at boosting exploration and strengthening energy security. The agreement, announced on Read More
TotalEnergies to sell 12.5% stake in OML118 to Shell for $510m
TotalEnergies EP Nigeria has agreed to sell its 12.5 percent stake in the OML118 Production Sharing Contract (PSC) to Shell Nigeria Exploration and Production Company Ltd for $510 million. The announcement was made by TotalEnergies on Thursday, outlining that the Read More
TotalEnergies shows resilience amid fuel subsidy removal
As Nigeria grapples with the ripple effects of economic reforms, including the removal of fuel subsidies, TotalEnergies Marketing Nigeria has demonstrated its adaptability and commitment to sustainability despite prevailing macroeconomic setbacks. The post TotalEnergies shows resilience amid fuel subsidy removal appeared first Read More
Halt Shell, TotalEnergies’ divestments, Reps tell FG
The House of Representatives has called on the Federal Government to halt the divestment of oil assets by Shell and TotalEnergies The post Halt Shell, TotalEnergies’ divestments, Reps tell FG appeared first on The Guardian Nigeria News – Nigeria and Read More
How Nigerian oil firms are rewriting Africa’s energy future
The recent news of the acquisition of Shell’s assets in Nigeria by Renaissance Energy has added another layer to the wave of divestment by major oil companies to independent operators across Africa The post How Nigerian oil firms are rewriting Read More
Presidency announces $550m upstream gas project with TotalEnergies
The Presidency announced on Tuesday that the $550 million upstream gas project between NNPC Ltd. and TotalEnergies has commenced. The Special Adviser to the President on Energy, Olu Verheijen, made the announcement at the inaugural US-Nigeria Strategic Energy Dialogue hosted Read More
TotalEnergies Q2 upstream production hits 2.44 Mboe/d
TotalEnergies has reported an upstream production of 2.44 million barrels of oil equivalent per day (Mboe/d), while its exploration and production (E&P) segment posted an adjusted income of $2.7 billion and a cash flow of $4.4 billion. The post TotalEnergies Q2 Read More