Shell Energy North America US, a subsidiary of Shell Plc NYSESHEL, has agreed to acquire a 100% equity stake in RISEC Holdings, LLC, owner of a 609-megawatt two-unit combined-cycle gas turbine power plant located in Rhode Island. The purchase will boost Shell's presence in the highly competitive Independent System Operator New England ISO New England power market.
QNR finalized the sale of Equinor Nigeria Energy Company ENEC to local firm, Chappal Energy. The sale brought to a close the company’s three-decade-long partnership with Africa's largest oil producer, during which Equinor pumped more than a billion barrels of crude from the Agbami Field. Prior to that, Chinese company Addax sold its four oil blocks to Nigerian state oil company, NNPC while Italian energy multinational Eni S.p.A.
announced plans to sell its onshore operations to local entity Oando. Numerous oil and gas majors have exited the Nigerian market over the past few years despite Africa’s largest economy opening its doors for wider exploration courtesy of the Petroleum Industry Act PIA 2021. Nigeria’s crude production averaged 1.35 million barrels per day in August, below its OPEC quota of 1.5 million b/d. By Alex Kimani for Oilprice.