Tag: Nigeria

Helix Energy Solutions bags contract for deepwater well intervention in Nigeria

businessnewstoday- February 27, 2024

Helix Energy Solutions Group, Inc. (NYSE: HLX), a leading international offshore energy services company, has announced a significant contract award from Esso Exploration and Production ... Read More

Akpo West field starts production: A milestone for TotalEnergies and Nigeria

businessnewstoday- February 8, 2024

TotalEnergies, in collaboration with its partners, has initiated production at the Akpo West field located on the PML2 license offshore Nigeria. This significant development, situated ... Read More

Shell to sell Nigerian onshore subsidiary SPDC to Renaissance consortium for $1.3bn

businessnewstoday- January 18, 2024

In a significant move within the Nigerian oil industry, Shell has reached an agreement to sell its onshore subsidiary, The Shell Petroleum Development Company of ... Read More

Shocking drone strike tragedy: 85 civilians killed in Nigeria’s Kaduna state

businessnewstoday- December 5, 2023

In a shocking and tragic incident, 85 civilians were ruthlessly killed in Tudun Biri village, Kaduna State, Nigeria, after a devastating army drone strike. The ... Read More

Equinor exits Nigerian oil sector, sells stake to Chappal Energies

businessnewstoday- December 1, 2023

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 ... Read More

Nigeria’s Zungeru Hydropower Plant: GE Vernova commissions four 175MW units

businessnewstoday- October 16, 2023

GE Vernova's Hydro Power division has marked a significant milestone by commissioning four 175 MW Francis hydropower turbines and generators at the 700 MW Zungeru ... Read More

San Leon secures $187m investment, becomes majority stakeholder in ELI

businessnewstoday- October 10, 2023

San Leon, the Nigeria-focused independent oil and gas exploration giant, has secured a colossal investment of up to $187 million from Tri Ri Asset Management ... Read More

Explosion shocks Nigeria: 37 lives lost in gruesome illegal refinery blast

businessnewstoday- October 4, 2023

In a chilling catastrophe that jolted Nigeria, at least 37 individuals tragically perished in an explosion at an illicit oil refinery on Monday. Eyewitness accounts ... Read More

GTBank chooses Infosys Finacle for multi-country digital transformation

businessnewstoday- September 21, 2023

Nigeria's prominent Guaranty Trust Bank (GTBank), a subsidiary of Guaranty Trust Holding Company Plc, has opted for Infosys Finacle's Digital Banking Suite for its expansive ... Read More

Eni to sell NAOC Ltd to Oando PLC, reaffirms commitment to Nigeria

businessnewstoday- September 6, 2023

Eni, a major player in the oil and gas industry, has announced its agreement with Nigeria's premier indigenous energy provider, Oando PLC. Oando PLC, listed ... Read More