SHEL's acquisition of TTEs 12.5% stake in the Bonga field aligns with its strategy of focusing on deepwater and offshore operations in Nigeria.

Shell and TotalEnergies plan first oil from Bonga North and Ubeta fields by 2027 to boost Nigeria’s energy output.

According to the producer, the contract covers the Bonga field, among other assets. Once completed, the deal will increase Shell's interest in the OML 118 PSC from 55% to 67.5%.

Off the coast of Nigeria, one of the world’s largest oil production ships, called the Bonga, was taking oil from a field on the ocean floor and transferring it to a tanker ship. Such transfers ...

TotalEnergies (NYSE:TTE) has announced that its subsidiary, TotalEnergies EP Nigeria (TEPNG), has executed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for the ...

(Alliance News) - Shell PLC on Thursday said it has increased its interest in Nigeria's Bonga field by purchasing TotalEnergies SE's 12.5% stake for USD510 million. The London-based oil major said ...

TotalEnergies yesterday announced that its subsidiary TotalEnergies EP Nigeria (TEPNG) has signed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for the sale of ...

Shell PLC's Nigerian subsidiary approves final investment decision for Bonga North deep-water project, expected to produce 110,000 barrels/day.

TotalEnergies is giving up its 12.5 percent stake in the Bonga field, increasing Shell's own share to 67.5 percent, the companies said in separate statements.

The company said on Thursday it agreed to sell its 12.5 per cent stake in the Bonga oilfield offshore Nigeria to Shell the field's operator, for $510 million.