Shell and Enbridge quit a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields.

Standard Chartered (StanChart) has acted as exclusive financial adviser to TotalEnergies for the divestment of its ...

The price of Nigerian crude oil inched closer to the Federal Government’s benchmark following renewed drone attacks on ...

The Nigerian crude price rose toward the Federal Government benchmark as drones targeted oilfields in Iraq for the fourth ...

Standard Chartered has acted as the exclusive financial adviser to TotalEnergies on the transaction, coordinating a competitive sale process and advising on all aspects of the transaction.The bank ...

Shell and TotalEnergies are accelerating investments in Nigeria, targeting 2027 for major oil and gas production boosts from the Bonga North and Ubeta fields.

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

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.

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.

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.

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%.

TotalEnergies said it agreed to sell its non-operated 12.5% interest in the OML118 Production Sharing Contract to Shell, valued at $510 million.