The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has distanced itself from a report which claimed that it accused TotalEnergies Nigeria Limited (I.of maltreating Nigerian workers, harassment by expatriates, violations of the Nigerian Local Content Act, and racism, among other claims. PENGASSAN clarified that it had neither issued any statement on the …
TotalEnergies Marketing Nigeria Plc is set to face a sizeable debt repayment burden of about N65.45 billion in the first quarter of 2026, a move expected to weigh heavily on its liquidity position. Pinnacle Daily analysis of the company’s first-quarter forecast, released on Thursday, December 15, shows that the firm plans to prioritise aggressive debt …
TotalEnergies EP Nigeria to divest its entire 10 per cent non-operated interest in the Renaissance Joint Venture (JV) licences in Nigeria. The parent company, TotalEnergies, disclosed this in a statement on Wednesday, December 14, revealing that the company has entered into a Sale and Purchase Agreement (SPA) with Vaaris for the divestment. According to TotalEnergies, …
Heirs Energy has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank) to ramp up its oil and gas production. The deal signed on Saturday, December 20, in Abuja, is expected to help the indigenous energy firm ramp up its crude oil output to about 100,000 barrels per day and gas to …
In a strategic move to optimize their portfolios, French energy giant TotalEnergies and Nigeria's Conoil Producing have signed an asset swap agreement. The deal involves TotalEnergies acquiring Conoil’s 50 per cent stake in a promising deep-water oil block (OPL257) and in exchange, Conoil will acquire a 40 per cent participating interest held by TotalEnergies in block …
