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TOTALENERGIES NIGERIA
TotalEnergies Marketing Nigeria Plc returned to profitability in the nine months ended September 30, 2026, reporting a pre-tax profit of N8.02 billion against a loss of N11.92 billion in the corresponding period of 2025, as finance costs declined by 40.13%.
The Managing Director of TotalEnergies Nigeria, Mr Matthieu Bouyer, stated that investment in the deep-water segment of Nigeria's oil and gas industry has been stagnant for 10 years since the Egina Final Investment Decision (FID) due to increased levies, the exit of contractors, and high production costs.