The Digest:
Global energy major TotalEnergies deepens its investment in Nigeria’s oil sector, executing a significant stake swap with Conoil that reshapes interests in two key offshore blocks and accelerates development plans.
Key Points:
TotalEnergies acquired a 50% operated interest in...
Sometimes, the most revealing business moves happen when companies head in opposite directions on the same opportunity. Shell has agreed to acquire TotalEnergies' 12.5% stake in Nigeria's offshore Bonga oil field for $510 million, increasing Shell's total ownership to 67.5%. While one...