Angola making smarter steps in oil and gas than Nigeria?
The Angola Oil & Gas (AOG) Conference & Exhibition 2020 – organized by Africa Oil & Power (AOP) and endorsed by the Ministry of Mineral Resources and Petroleum – has secured the endorsement of major international companies including Total, Baker…
Latest investment in gas-to-power may earn Benin Rep net exporter soon
The narrative that Nigeria exports electricity to neighbouring countries including Benin Republic may begin to enter reverse gear, if the ongoing massive investment in gas-to-power in Porto-Novo and other cities. With a population of less than 12 million and a…
Total, Benin Rep agree on 15-year LNG Import Floating Terminal Deal
Barring any last minute shocks, French oil and gas giant, Total and the Republic of Benin through its energy department, the Société Béninoise d’Energie Electrique (SBEE) have signed a 15-year gas supply agreement using LNG import floating terminal. The 15-year…
Q1 2019 reveals Total’s first quarterly loss on record as PAT drops by 128% y/y
Just published Total Nigeria’s 2019 Quarter one results has displayed some percentage of drop in success with Profit After Tax (PAT) declining by 128.4% year-on-year (y/y). This forced the energy giant to post its first quarterly loss on record as…
FG’s order to IOCs on controversial tax returns may hang Bonga scheme—Shell
Strong indications have emerged revealing that the recent deadline given to leading International Oil Companies (IOCs) including Royal Dutch Shell, Chevron, Exxon Mobil, Eni, Total, and Equinor to pay up contestable royalties amounting $20bn, may hobble planned investments by the…
Oil/gas sector dormant in exploration, new projects due to regulatory uncertainties—Total
Leading oil and gas exploration giant and core investor in the Egina FPSO, Total has decried grow years of dormancy in upstream activities in the nation’s oil and gas sector due to regulatory uncertainties ahead of PIB assent. Chief Executive…
Nigeria’s Egina FPSO feat powers Total to acquire 16% stake in Libya’s Waha
Less than one month of the successful berthing of Total’s Egina FPSO at LADOL facility in Lagos, the French energy giant weekend announced another major international investment, saying it has completed the acquisition of 16.33 percent stake in Libya’s Waha…
Total agrees 25% stake to Qatar Petroleum to deepen stakes in Middle East
As part of new drive to deepen business ties with Qatari Group, French oil and gas group, Total, has agreed to sell a 25 per cent stake in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum. In line…
Total plans to deepen industry stake, to buy Maersk Oil for $7.45bn
As part of its global industry consolidation plan, French oil giant Total said on Monday, that it would buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion. Details from the company show that the…
