Author: fwey2
Indigenous operators are expanding their footprint by acquiring onshore and shallow‑water assets divested by international majors. Green Energy launched a locally built onshore terminal at Otakikpo; Conoil shipped its first Obodo crude; and Renaissance outlined multi‑year investment plans. Security costs and aging infrastructure remain headwinds, but policymakers see scope to lift national output significantly.Source: https://www.reuters.com/business/energy/local-firms-drive-new-growth-phase-nigerias-oil-sector-2025-06-03/
Trading sources said the Dangote refinery booked at least five million barrels of U.S. WTI crude for July delivery, extending record purchases seen in June. The 650,000 bpd complex is gradually scaling operations and testing grades, with import volumes adjusting as units ramp up and undergo maintenance.Source: https://www.reuters.com/business/energy/nigerias-dangote-refinery-continues-wti-buying-spree-july-2025-05-30/
TotalEnergies agreed to sell its 12.5% stake in the offshore Bonga oilfield to Shell for $510 million, raising Shell’s interest to 67.5% pending approvals. Partners plan an expansion designed to add roughly 110,000 boe/d before decade’s end. The deal follows a broader reshaping of portfolios as majors exit onshore assets while doubling down on offshore projects.Source: https://www.reuters.com/business/energy/totalenergies-sell-bonga-field-interest-510-million-2025-05-29/
The Nigeria Football Federation appointed Eric Chelle as head coach of the men’s national team, tasking him with reviving World Cup qualifying prospects and preparing for AFCON qualifiers. Chelle, formerly of Mali, inherits a talented but inconsistent squad seeking stability after a turbulent year of managerial changes.Source: https://www.reuters.com/sports/soccer/nigeria-appoint-ex-mali-boss-chelle-new-national-team-coach-2025-01-08/