Nigeria | Egypt Oil & Gas

TotalEnergies Completes $800 Mn Sale of Oil Assets in Nigeria

TotalEnergies has completed the divestment of its 10% non-operated interest in Nigeria’s Renaissance joint venture (JV) licences to Vaaris for $800 Mn, while retaining its full economic interest in three gas licences ...

Europe’s Jet Fuel Imports Rise as Q4 Supply Shortfall Deepens

Europe is expected to face a jet fuel supply shortfall of around 510,000 barrels per day (bbl/d) in the fourth quarter (Q4) of 2026, despite increasing imports from distant suppliers including South Korea, according t...

Dangote Refinery IPO Approved by Nigeria’s SEC

The refinery plans to offer 4.1 billion ordinary shares at NGN 525 per share, potentially raising approximately NGN 2.15 trillion ($1.63 billion) if fully subscribed, according to a company statement reported by Reute...

Nigeria Approves New Offshore Oil and Gas Incentives to Attract $50 Bn

Nigeria has introduced a new regulatory and fiscal framework for offshore oil and gas developments as part of government efforts to attract up to $50 billion in investment and accelerate projects that have been delaye...

ExxonMobil to Invest $1 Billion in Nigeria

ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production. ExxonMobil Nigeria Managing D...

Baker Hughes Wins Lifecycle Services Contract for ANOH Gas Plant in Nigeria

Baker Hughes has secured a contract from ANOH Gas Processing Company(AGPC)  to deliver comprehensive lifecycle services for turbomachinery equipment at the ANOH Gas Processing Plant in Nigeria, the company said in a s...

Halliburton Awarded Integrated Drilling Services Contract from Shell Nigeria for HI Gas Field Development

Halliburton, one of the leading oil and gas innovative companies, has been awarded an Integrated Drilling Services (IDS) contract, from  Shell Nigeria Exploration and Production Company (SNEPCo), in partnership with S...

TotalEnergies, SAPETRO Sign PSC for Nigerian Offshore Blocks

TotalEnergies has signed a Production Sharing Contract (PSC) with South Atlantic Petroleum (SAPETRO) for two offshore exploration licenses in Nigeria. Under the deal, TotalEnergies will operate the licenses with an 80...

Nigeria’s President Tinubu to Bring Bold Energy Reforms to AEW 2025 Stage

African Energy Week (AEW) 2025: Invest in African Energies is proud to announce that Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, will address delegates at Africa’s premier energy event in Cape Tow...

Falling Crude Prices Slows Down an Oil-Backed Deal between Aramco and Nigeria

Nigeria and Saudi Arabia’s state oil giant, Aramco, are facing challenges in finalising a landmark $5 billion oil-backed loan, according to Reuters. The falling crude prices have raised concerns among banks expected t...

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