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5 reports in Energy
TotalEnergies announced completion of its $800 million Renaissance JV stake sale to Vaaris. The company retains its economic interests in three gas licences linked to Nigeria LNG supply.
Honeywell says its new AI platform will launch first at Dangote's Lekki refinery. Its projected operational benefits remain preliminary, gross estimates rather than achieved savings.
Eni says APEX has acquired its Nigerian AENR subsidiary, which holds a 5% Renaissance joint-venture interest. The sale price was not disclosed.
Nigeria's 2025 licensing round opened on 1 December with 50 oil and gas blocks available. The programme sought new investment and production capacity, but licences and exploration activity do not immediately translate into export earnings.
Nigeria was among 12 countries presenting energy compacts at the January 2025 Mission 300 summit. Partners pledged more than $50 billion across Africa, linking electricity access reform with investment and potential business productivity gains.
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