France’s supermajor TotalEnergies plans to sell its minority stake in an onshore oil-producing joint venture in Nigeria in what will be the latest divestment of Nigerian oil assets by an international major. TotalEnergies will put up for sale its 10-percent interest in a company operating 20 licenses onshore Nigeria and in shallow waters, the French firm’s chief executive Patrick Pouyanné said at an earnings conference call on Thursday. “Disruption of local communities are sources of great concerns,” Pouyanné said on the call, as carried by Bloomberg. The licenses are being operated by another supermajor, Shell, which is also looking to divest Nigerian assets. The sale of Shell’s stake in the joint venture attracted bids from four Nigeria-based companies, Bloomberg reported early this year, quoting sources with knowledge of the sales process. As early as in the spring of 2021, Shell’s chief executive Ben van Beurden said the supermajor does […]