NNPC & TotalEnergies

NNPC: NNPC renewed its agreement with TotalEnergies to extend the deployment of AUSEA technology, demonstrating its commitment to reducing methane and carbon emissions and meeting decarbonization targets.

TotalEnergies: TotalEnergies renewed its partnership with NNPC, extending the deployment of its AUSEA technology to help reduce emissions and reinforce its commitment to near-zero methane emissions by 2030. TotalEnergies was the first oil-producing company in Nigeria to end gas flaring in all its assets.

NNPC: NNPC is TotalEnergies' partner in the Ubeta gas project, cited as a successful example of collaboration. Its role is central to Nigeria's oil and gas development.

TotalEnergies: TotalEnergies is the main speaker and a key investor in Nigeria's oil and gas sector. Its advocacy for reform implementation and its own projects, such as the Ubeta gas development, underscore its strategic commitment to Nigeria.

NNPC: NNPC holds a 55% stake in the Renaissance asset, making it a significant partner in the oil operations in Nigeria.

TotalEnergies: TotalEnergies is being sued by NGOs to obtain environmental documents related to its sale of a Nigerian oil asset, potentially facing further legal action if environmental plans are deemed insufficient.

NNPC: NNPC is the state oil company and concessionaire, estimating the project will produce 150,000 bpd and attract $20 billion in investment, boosting Nigeria's production capacity.

TotalEnergies: TotalEnergies, with deepwater interests in Nigeria, could benefit from the extended tax credit terms for new developments.

NNPC: NNPC collaborates with Oilserv on the AKK pipeline and ANOH-NNPC project, supporting domestic gas utilization goals.

TotalEnergies: TotalEnergies is the client for the Ubeta Project being executed by Oilserv, contributing to its gas development.

NNPC: NNPC is the state partner under the production-sharing contract for OML 138.

TotalEnergies: TotalEnergies is a partner in OML 138 consortium.