Category: Oil & Gas
Decline in oil prices delays Nigeria’s $5 billion loan negotiation with Aramco
A drop in oil prices means Nigeria would need to commit more crude to secure the loan
TAG Oil sells its Australian royalty interests
The divestment of the Australian royalty interests is a strategic move to continue to enhance our financial flexibility and bolster our balance sheet.
TotalEnergies plans to divest 50% stake in renewable assets in the U.S. and Spain
TotalEnergies is also preparing to divest a 50% stake in almost 300 megawatts of recently built Spanish solar farms
Petronas may sell Canadian assets valued up to $7 billion, sources report
A transaction could value the Canadian business at $6 billion to $7 billion, they said.
Tinubu signs Executive Order to attract oil investment, curb project costs
We’re using policy to drive performance, unlock capital, and turn natural resources into real economic dividends for Nigerians.
Dangote must face energy security home truths
Nigeria’s mega-refinery is traversing the world in search of crude for the majority of its needs and may well export large swathes of its products
OPEC+ gathers to review production quotas ahead of July decision
In theory, Wednesday’s gathering could give the Saudis the opportunity to further these last two objectives.
TotalEnergies Nigeria divests its Non-Operated Interest in the Bonga Field
Completion of the transaction is subject to customary conditions, including regulatory approvals.
Saudi Arabia and Kuwait announce new oil discovery in Wafra Wara Burgan field
The discovery is regarded as highly significant, given its positive impact on both countries’ standing as reliable global energy suppliers and their capabilities in the exploration and production sector.
Shell Nigeria Gas to deepen gas distribution for power generation in Ogun
The aim is to attract investments to help raise oil and gas production to 4 million barrels per day and 12 billion cubic feet of gas per day by 2030.