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The offshore acreage transaction expands their exploration partnership without establishing new reserves or an immediate increase in production.

The listed Nigerian marketer earned N5.84 billion, but thin margins and working-capital obligations qualify its nine-month recovery.

TotalEnergies and AMNI's Ima gas field will feed Nigeria LNG rather than domestic power, as executives warn that export economics keep outpacing gas-to-power and industrial demand.

TotalEnergies EP Nigeria has taken two gas investment decisions in just over a year, tying the Ubeta and Ima projects to Nigeria LNG expansion.