TotalEnergies has signed a Sale and Purchase Agreement to divest its 10% non-operated stake in the Renaissance joint venture in Nigeria, marking another step in the company’s long-running portfolio rationalization in Africa. Under the agreement, TotalEnergies EP Nigeria will transfer its 10% participating interest in 15 oil-producing licenses to Vaaris, along with the associated rights and obligations. These assets delivered around 16,000 barrels of oil equivalent per day on a net basis to TotalEnergies i ...