Browsing Tag

shell

TotalEnergies Divests $510 Million Bonga Stake to Shell in Nigeria

TotalEnergies Divests Non-Operating Stake in Bonga Oil Field In a strategic move that reverberates through the oil industry, French energy powerhouse TotalEnergies formally announced on Thursday its decision to sell its 12.5% non-operating stake in Nigeria's renowned Bonga oil field. The deal, valued at $510 million, sees this asset transition to a Shell subsidiary—illustrating yet another significant chapter in the evolving story of energy production in Nigeria. This divestment, executed through TotalEnergies…

TotalEnergies Divests $510 Million Stake in Bonga Field to Shell

TotalEnergies Divests Stake in Nigeria’s Bonga Oil Field: Implications for the Industry On a notable Thursday, French energy powerhouse TotalEnergies made headlines by announcing its decision to sell a 12.5% non-operating stake in Nigeria’s Bonga oil field. The buyer of this stake is none other than a subsidiary of Shell, with the transaction valued at an impressive $510 million. Such a substantial move is indicative of broader trends in the energy sector, where strategic shifts are not just common—they’re essential for…

Trump Claims Canada Will Shell Out $61B for Golden Dome or Join U.S.

Trump's Recent Proposition: A Closer Look at the Golden Dome Missile Defense System In a striking announcement, former United States President Donald Trump asserted that Canada could find itself owing a staggering $61 billion to participate in his envisioned Gold Dome missile defense system. He provocatively stated this would hold true “if they remain a separate, but unequal, Nation.” This kind of rhetoric can seem jarring, can't it? Imagine being put in a position where your national identity and economic decisions are…

Niger Delta Appeals to Oil Titan Shell for Urgent Environmental Remediation

Amid growing discontent, activists have stepped forward, prominently featuring King Okabi from the Ogale community, urging an end to Shell's reckless pollution practices in the Niger Delta. As the legal battle commences between the Ogale and Bille communities and the oil giant, the call for accountability has never been louder. For over six decades, the Niger Delta has suffered under the weight of Shell's negligence. The company’s aging and poorly maintained pipelines have unleashed a torrent of environmental degradation,…

Senegalese Mariaa Siga breaks her shell – rfi

Mariaa Siga, 2021 © Stéphane Pineau With a calling card as her first album Asekaw, which she finally has the opportunity to defend on stage, the Senegalese singer Mariaa Siga claims herself and with conviction forms her musical imprint between folk and reggae. Seeing her dance enthusiastically in the audience to the sound of Elida Almeida's Cape Verdean funaná, which performed on the July evening at the Nuits du Sud…

EDITORIAL: Al-Shabaab attack on Northeastern State prison shell

EDITORIAL | Northeastern State of SomaliaPresident Said Abdullahi Deni has this week dealt with the aftermath of one of the most daring raids by Al-Shabaab brains on a prison facility in Bossaso, the state's main financial capital on the Gulf of Aden. On Thursday, March 11, the president officially dissolved the local district council following the jail attack that marked the biggest terrorist attack in Northeastern State this year. But this requires much more. On March 6, the terrorists attacked a correctional…

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