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via seekingalpha.comBusiness & Companies

TotalEnergies completes $800M Nigeria divestment, keeps key gas assets

FROM THE WIRE · SEEKINGALPHA.COM

* TotalEnergies (TTE [https://seekingalpha.com/symbol/TTE]) Tuesday said [https://seekingalpha.com/pr/20700541-nigeria-totalenergies-completes-the-divestment-of-its-oil-interest-in-renaissance-jv-formerly]that its subsidiary TotalEnergies EP Nigeria (TEPNG) has completed the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralPortfolio deal trimming Nigerian oil assets while keeping the gas licenses that matter most.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01TotalEnergies EP Nigeria completed the sale of its 10% non-operated interest in the Renaissance JV to Vaaris for $800M.
  2. 02TotalEnergies retains full economic interest in the three Renaissance JV gas licenses.
  3. 03These gas licenses currently account for 50% of Nigeria's LNG gas supply.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
TotalEnergies SETTEStock93.76 USDMarket closedtoday +1.06%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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