Nigeria Inks Massive Oil Deal With Supermajors

Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater Bonga field, the NNPC said in a series of tweets. The NNPC noted the deal marks a historic moment as it settles long-running disputes between the Nigerian government and international oil companies. According to the company, the deal could unlock up to $10 billion in new investments in Nigeria’s oil industry. It could also add 150,000 bpd to the country’s oil production,…