TotalEnergies plans $750M offshore Nigeria gas project to boost LNG supply
The French company approved an investment of about $500 million in a joint venture with state-owned Nigerian National Petroleum Co. to develop the Ubeta onshore field.
The French company approved an investment of about $500 million in a joint venture with state-owned Nigerian National Petroleum Co. to develop the Ubeta onshore field.
TotalEnergies operates a technical production of around 500 Mcf/d in the Barnett.
This agreement allows us to continue securing long-term sales in Asia and reduce our exposure to spot market gas prices
Thanks to this agreement, TotalEnergies strengthens its long-term positions in the growing Chinese market.
This agreement allows TotalEnergies to strengthen a long-term presence in the Turkish LNG market.
The Ubeta field, which was discovered in 1964, is located northwest of Port Harcourt, Rivers State.
The fund will be managed by Advantage Partners, one of Japan’s leading private equity firms.
According to data presented by AltIndex.com, the world`s ten largest oil and gas companies have grossed over $2.5 trillion in the 12 months leading up to July 2024, or 9% more than in the same period a year before.
But regulatory and feedstock issues continue to hinder the pace of progress
Kyari disclosed this when the new President, Exploration and Production of TotalEnergies, Nicolas Terraz and his delegation visited him in Abuja, on Friday.