TotalEnergies, a major player in the global energy sector, has made a significant move by selling its 10% stake in the SPDC JV licenses in Nigeria to Chappal Energies. The deal, valued at USD 860 million, involves TotalEnergies EP Nigeria, a subsidiary of TotalEnergies, transferring its interests in certain oil and gas licenses in the […]
Equinor has reached an agreement to sell its Nigerian business, including a 53.85% stake in oil and gas lease OML 128, to Chappal Energies. This significant transaction includes a 20.21% share in the Agbami oil field, currently operated by Chevron. Equinor’s Three-Decade Legacy in Nigeria Since entering Nigeria in 1992, Equinor has been instrumental in […]
