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An update from TotalEnergies SE ( (FR:TTE) ) is now available.
TotalEnergies has completed the divestment of its 12.5% non-operated interest in the Bonga Field’s OML118 Production Sharing Contract to Shell Nigeria Exploration and Production Company Ltd and Nigerian Agip Exploration for $510 million. This strategic move aligns with TotalEnergies’ focus on optimizing its portfolio and may impact its operational dynamics in Nigeria, where the company remains a key player in hydrocarbon production and local socio-economic development.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in the production and marketing of oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce of over 100,000 employees, the company operates in about 120 countries, focusing on providing reliable, affordable, and sustainable energy. In Nigeria, TotalEnergies has been active for over 60 years, contributing significantly to its hydrocarbon production and operating an extensive distribution network.
See more data about TTE stock on TipRanks’ Stock Analysis page.