TotalEnergies TTE -0.42%decrease; red down pointing triangle said it would sell a stake in two oil-and-gas exploration projects offshore Nigeria to U.S. peer Chevron CVX 1.08%increase; green up pointing triangle.
Star Deep Water Petroleum, a Chevron subsidiary, will take a 40% stake in the PPL 2000 and 2001 licences located in the West Delta basin, which were awarded to a consortium of TotalEnergies and Nigeria’s South Atlantic Petroleum, the French energy major said Monday.
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