Nigeria | Egypt Oil & Gas - Part 2
Shell Further Develops Bonga North Deep-Water Project Offshore Nigeria
Shell Nigeria Exploration and Production Company Limited (SNEPCo), has reached a final investment decision (FID) on the Bonga North deep-water project, located in OML 118 offshore Nigeria. The project, which will help...
Equinor Completes Asset Sales in Nigeria, Azerbaijan for $2B
Equinor has completed the sale of its assets in Nigeria and Azerbaijan, realizing a total consideration of up to $2 billion. This marks the end of the Norwegian oil and gas company’s operations in these two coun...
EPROM Expands Global Reach with Strategic Partnership with Nigeria’s NETCO Limited
Egyptian Projects Operation & Maintenance (EPROM) has signed a cooperation agreement with Nigerian company NETCO Limited, marking a significant milestone in its global expansion strategy. This partnership aims to ...
Nigeria’s Belemaoil Resumes Operations at OML 55 Oil Block After Three Year Shutdown
Nigerian independent oil producer Belemaoil Producing Ltd. has resumed operations at its Oil Mining Lease 55 (OML 55) after a three-year shutdown, according to Reuters. Belemaoil acquired OML 55 from Chevron Corp in F...
TotalEnergies Sells Its Interest in SPDC JV, Retaining Interest in Gas Supply to Nigeria LNG
TotalEnergies EP Nigeria has signed a $860 million sale and purchase agreement (SPA) with Chappel Energies for the sale of its10% interest in the SPDC joint venture in Nigeria. The SPDC JV is a consortium that include...
Nigeria to Start Operating Four Refineries by End of 2024
The new Nigerian Oil Minister, Heineken Lokpobiri announced it is predicted that four oil refineries will start operations by the end of the 2024, Reuters reported. He added that the southern Port Harcourt plant is ex...
Nigeria Set to Commission Dangote Refinery
Amid hopes of an end to Nigeria’s repeated fuel shortages, Dangote Petroleum Refinery will be commissioned. But the country’s main obstacle for achieving full production is the lack of crude supply, Reuters reported. ...
Nigeria’s Production Decline Due to the Shutdown of Onshore Operations
Nigeria’s government data has shown that its oil production continued to fall down during September due to a halt in onshore production, Bloomberg reported. According to the data, the country’s daily production record...
