TotalEnergies has announced that it wants to sell its minority stake in a major Nigerian oil joint venture. The company has been seeking to reshape its portfolio since producing oil in the Niger Delta is not in line with its health, safety, and environmental policies

The CEO of TotalEnergies has indicated that they want to sell their stake in SPDC and are looking to reshape the portfolio. According to the latter, “it is because the production of this oil in the Niger Delta is not in accordance with our policies (Health, Safety and Environment), it is a real difficulty”. For Patrick Pouyanne, the company would maintain its Nigerian gas resources, which are described as crucial for the planned expansion of the development of liquefied natural gas by the