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🇳🇬 Shell Approves $2 Billion Offshore Gas Project in Nigeria — A Major Boost for the Nation’s Energy Future

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Global energy giant Shell Petroleum Development Company (SPDC) , in collaboration with Sunlink Energies , has officially approved the development of a new $2 billion offshore gas project in Nigeria. This project, named the HI Gas Field Development , is a landmark step in reviving Nigeria’s oil and gas fortunes and a strong signal of renewed investor confidence in Africa’s largest energy producer. 🔹 A Bold Step in the Offshore Frontier The HI gas field, located in Oil Mining Lease (OML 144) roughly 50 kilometers offshore the Niger Delta coast, is expected to produce about 350 million standard cubic feet of gas per day at peak capacity. Shell holds a 40% stake in the project, while its partner Sunlink Energies retains 60% . The gas will be supplied primarily to Nigeria LNG (NLNG) and other domestic offtakers, helping to meet Nigeria’s rising energy demand. According to project details released by Shell on Monday, the development will include a combination of subsea wells , of...
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Brazil’s Vice President Visits Nigeria to Deepen Strategic Relations

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Brazil’s Vice President, Geraldo Alckmin, has arrived in Nigeria for a high-level diplomatic visit aimed at revitalizing bilateral relations between the two major economies. The visit marks the second session of the Nigeria–Brazil Strategic Dialogue and is the first such engagement in over a decade, signaling a renewed commitment to cooperation across various sectors.

The VP’s trip is expected to open new avenues of collaboration in agriculture, defense, oil and gas, healthcare, trade, and culture. One of the key highlights of the visit is the Nigeria–Brazil Trade and Investment Forum, which is designed to attract public and private investments from both countries. Brazilian companies, especially those with expertise in agriculture and manufacturing, are eyeing opportunities in Nigeria’s growing market.

A top priority on the agenda is the Green Imperative Project, a $1.1 billion agricultural initiative that will help modernize Nigeria’s farming techniques with Brazilian technical support. This project is critical to addressing Nigeria’s food insecurity and transforming rural economies.

In the energy sector, Brazil’s national oil company, Petrobras, is reportedly exploring a return to Nigeria’s deepwater oil fields. This could boost foreign direct investment and enhance technical expertise in Nigeria’s oil industry. Additionally, plans are underway to establish defense industry hubs in Nigeria, following discussions on formal defense cooperation agreements.

Culture is also taking center stage in the talks, with Nigeria pushing to reopen its cultural house in Brazil and host an annual Orisha Festival to strengthen historical ties.

Vice President Kashim Shettima described the visit as a “strategic reset,” and emphasized that President Tinubu’s administration is committed to making Nigeria a prime destination for international partnerships.

This visit underscores the evolving nature of South-South cooperation and positions both nations to benefit from shared economic and cultural strengths.

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