In a significant development for Nigeria’s energy sector, the state-owned Nigerian National Petroleum Corporation (NNPC) announced a planned investment of $550 million with French energy giant TotalEnergies to develop a new gas processing facility in southern Rivers State. This project aims to address Nigeria’s challenges in harnessing its vast gas reserves and boost both exports and domestic supply.
Investment
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Canadian pipeline company Pembina Pipeline Corp (Pembina) is throwing cold water on the idea of investing in the newly expanded Trans Mountain pipeline (TMX). The company’s chief financial officer, Cameron Goldade, expressed significant reservations during a recent earnings call.
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Rising concerns about growth prospects and policy uncertainty, particularly in the US, are causing investors to pull back from renewable energy funds, threatening the green energy transition.
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A newly established Africa Energy Bank has announced plans to invest a substantial $5 billion in various oil and gas projects across the continent. The bank’s ambitious investment strategy aims…
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NNPC Ltd is looking to attract foreign direct investment from South Korea for its gas projects, as part of its efforts to boost the country’s gas sector and reduce its reliance on oil. The partnership is expected to create more opportunities for investment, employment and revenue generation.
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Chevron, one of the world’s leading energy companies, has expressed its interest in partnering with Nigeria to unlock further oil and gas potential, tapping into the nation’s “tremendous human capacity”.…
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Nigeria, Africa’s largest oil producer, has secured a major investment deal with French energy giant TotalEnergies. The company’s CEO, Patrick Pouyanne, met with Nigeria’s President Bola Tinubu in Abuja on…
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Nigeria, Africa’s largest oil producer, has been overlooked by two of the biggest American oil companies in their 2024 spending plans. Chevron and ExxonMobil have announced their budgets for next…
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Nigeria, Africa’s largest oil producer, is failing to attract new investment into its energy sector due to bureaucratic hurdles and regulatory uncertainty. According to data from the Nigerian Upstream Petroleum…
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In the era of dynamic leadership under President Colonel Mamadi Doumbouya, Guinea-Conakry is on an ambitious journey to develop its oil and gas sector. Spearheaded by the National Oil Company…