Thursday, August 21, 2025

Business

Local firms spearhead next growth phase in Nigeria’s oil sector

Indigenous operators are expanding their footprint by acquiring onshore and shallow‑water assets divested by international majors. Green Energy launched a locally built onshore terminal...

Shell to acquire TotalEnergies’ 12.5% stake in Bonga for $510m

TotalEnergies agreed to sell its 12.5% stake in the offshore Bonga oilfield to Shell for $510 million, raising Shell’s interest to 67.5% pending approvals....
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