Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Oil Prices Correction Extends as US-Iran Sign Interim Deal

    June 18, 2026

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    June 18, 2026

    Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates

    June 18, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Oil Prices Correction Extends as US-Iran Sign Interim Deal
    • South African Rand Dips on Weak Macro Indicators, US Fed Tone
    • Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates
    • NNPC, TotalEnergies Renew Decarbonisation Agreement
    • Jito Price Slumps 10% Ahead of JTX Platform Launch
    • XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone
    • Naira Falls to N1,360 as Interbank FX Turnover Dips by 57%
    • FirstHoldco, Access, Drown NGX Index, Investors Lose N758bn
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, June 18
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » NNPC, TotalEnergies Renew Decarbonisation Agreement

    NNPC, TotalEnergies Renew Decarbonisation Agreement

    Olu AnisereBy Olu AnisereJune 18, 2026 News No Comments2 Mins Read
    NNPC, TotalEnergies Renew Decarbonisation Agreement
    NNPC Ltd’s Executive Vice President, Upstream, Udy Ntia (2nd from right) and TotalEnergies Country Chair and Managing Director, Matthieu Bouyer (1st from left), signing an MoU to extend the deployment of the Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) technology for the detection, measurement, and reduction of methane and carbon emission across upstream operations for another 24 months. The MoU was signed at the NNPC Towers in Abuja, on Wednesday
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    NNPC, TotalEnergies Renew Decarbonisation Agreement

    The Nigerian National Petroleum Company (NNPC Ltd.) has renewed its agreement with TotalEnergies for a 24-month extension of technology deployment to detect, measure, and reduce methane and carbon emissions.

    The agreement was signed by NNPC Ltd.’s Executive Vice President, Upstream, Udy Ntia and TotalEnergies Country Chair and Managing Director, Matthieu Bouyer, on Wednesday in Abuja.

    Ntia, in a statement by Andy Odeh, Chief Corporate Communications Officer, NNPC Ltd. said the duo renewed the agreement to extend the deployment of Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) technology across its upstream operations.

    The agreement is aimed at helping NNPC Ltd. meet its gas flare reduction obligation in keeping with its Oil & Gas Decarbonisation Charter (OGDC) commitments, Oil & Gas Methane Partnership (OGMP) 2.0 participation and near-zero methane ambition by 2030.

    It is a follow up on an earlier agreement signed in 2023 for the adoption of the AUSEA technology.

    Ntia expressed satisfaction with the first phase of the deployment of the technology, and hoped it would scale across more assets.

     “Today’s signing represents a practical step in NNPC Limited’s journey to build a credible, transparent and action-oriented decarbonisation programme.

     “Through the AUSEA initiative, we are strengthening our ability to detect, quantify and prioritise methane abatement opportunities using advanced measurement technology,” Ntia said in the statement.

     He also called for the institutionalisation of progress reporting, in line with compliance requirements and the possibility of leveraging transfer of the AUSEA technology.

     The statement also quoted Mike Sangster, TotalEnergies’ Senior Vice President, Africa, as expressing satisfaction with the cooperation his company has been enjoying from the NNPC over the years.

    He said TotalEnergies was the first oil producing company in Nigeria to end gas flaring in all its assets.

     Sangster said the AUSEA technology was instrumental to that feat, even as the company looked forward to near-zero methane emissions by 2030.

     AUSEA is a drone-based technology developed by TotalEnergies in partnership with the French National Centre for Scientific Research (CNRS) and the University of Reims.

     It helps in the identification of unaccounted emission sources, establishment of basis for querying and improving current emission reporting processes.

     It also helps in the provision of data to review operational system and implement corrective actions, as well as estimation of flare combustion efficiency. NNPC Ltd. Records N481bn Profit in April

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Olu Anisere
    • Website
    • LinkedIn

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Keep Reading

    Oil Prices Correction Extends as US-Iran Sign Interim Deal

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates

    Jito Price Slumps 10% Ahead of JTX Platform Launch

    XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone

    Naira Falls to N1,360 as Interbank FX Turnover Dips by 57%

    Add A Comment

    Comments are closed.

    Editors Picks

    Oil Prices Correction Extends as US-Iran Sign Interim Deal

    June 18, 2026

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    June 18, 2026

    Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates

    June 18, 2026

    NNPC, TotalEnergies Renew Decarbonisation Agreement

    June 18, 2026

    Jito Price Slumps 10% Ahead of JTX Platform Launch

    June 18, 2026
    Latest Posts

    Oil Prices Correction Extends as US-Iran Sign Interim Deal

    June 18, 2026

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    June 18, 2026

    Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates

    June 18, 2026

    Jito Price Slumps 10% Ahead of JTX Platform Launch

    June 18, 2026

    XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone

    June 18, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.