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, bringing the total output from the block—Oil Mining Lease 118—to 350,000 bpd, Bloomberg reports . Interestingly, for Shell, the deal comes after earlier this year, chief executive Ben van Beurden said that Shell does not see its upstream oil operations in Nigeria as compatible with its strategy to become a net-zero energy business. “We cannot solve community problems in the Niger […]