Nigeria’s deepwater oil projects now deliver competitive returns and the country has moved from the bottom quartile of 13 indexed countries to the top three, the Presidency has disclosed. The Special Adviser to President Bola Tinubu on energy, Olu Verheijen, disclosed this in a keynote address at an executive session of the Energy Institute and the National Association of Petroleum …

TotalEnergies has approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil. TotalEnergies operates the project with a 45 percent interest, in partnership with Shell (30 percent) and Repsol Sinopec (25 percent). Lapa South-West will be developed through three wells, connected to the existing Lapa FPSO located …