French oil major TotalEnergies has announced plans to sell its minority stake in a major Nigerian oil joint venture.
The firm said it wants to divest its share of Shell Petroleum Development Compa
"We want to divest our share of SPDC, and we are looking to reshape the portfolio," Pouyanne said at TotalEnergies annual results presentation on Wednesday.
French energy giant TotalEnergies is seeking to sell its minority share in a major Nigerian onshore oil joint venture, following Shell's divestment last month. TotalEnergies CEO, Patrick Pouyanne at the TotalEnergies' annual results presentation on Wednesday said producing oil in the Niger Delta is not in line with the energy giant health, security and environmental policies, Reuters reports.
French energy giant TotalEnergies is seeking to sell its minority share in a major Nigerian onshore oil joint venture, following Shell s divestment last month, CEO Patrick Pouyanne said. .