TotalEnergies to exit Nigerian offshore oil business
TotalEnergies has stated plans to sell its minority stake in a significant Nigerian onshore oil joint venture, Shell Petroleum Development Company of Nigeria Limited, SPDC. The CEO of TotalEnergies, Patrick Pouyanne, disclosed this during a presentation of the company’s financial results. Pouyanne said the company, which holds 10 per cent interest in SPDC, is looking to restructure its portfolio since producing oil in the Niger Delta has become difficult. Meanwhile, […]
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