NIGERIA: TotalEnergies Sign SPA with Vaaris to Divest its Oil Interest in Renaissance JV

TotalEnergies has announced that its subsidiary TotalEnergies EP Nigeria has signed a Sale and Purchase Agreement (SPA) with Vaaris for the sale of its 10% non-operated interest in the Renaissance … Read More

NIGERIA: Shell Completes sale of SPDC to focus its portfolio on Deepwater & Integrated Gas Positions

Shell has completed the sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, as announced 16 January 2024 The divestment of SPDC aligns with Shell’s intent to simplify … Read More

Acquisition Approval Delays: The Wrong Look for Nigeria 

By NJ Ayuk, Executive Chairman, African Energy Chamber The Nigerian government needs to step up its game regarding approvals for indigenous companies acquiring in-country foreign energy assets. The negative consequences … Read More