Chappal Energies

TotalEnergies deal to sell Nigerian oil stake collapses over payments

TotalEnergies’ plan to sell its 10% stake in a Nigerian oil venture to Chappal Energies collapsed after both parties failed to meet financial commitments.

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TotalEnergies exits Nigerian oil venture for $860 million

Business / Adlia

The move follows Shell’s recent divestment, highlighting a shift for oil majors towards cleaner energy and away from troubled assets.

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