French multinational oil and gas giant, TotalEnergies has launched the sale of its10 per cent stake in Nigerian joint venture with the Nigerian National Petroleum Company (NNPC) Limited and Shell Petroleum Development Company, (SPDC) and Eni. The oil major appointed Canada’s Scotiabank financial adviser to lead the sale of the assets, a sale document tendering for interest has shown. Although Scotiabank reportedly declined to comment on the exercise while TotalEnergies also declined to comment on the financial adviser, however, the international oil company (IOC) had in late April announced the sale of the assets. TotalEnergies had confirmed it was selling its interest in 13 onshore fields and three in shallow water, producing over 20,000 barrels of oil equivalent per day. The sale includes infrastructure such as 3,500 km of pipelines connecting to two key crude export terminals, Bonny and Forcados. The French multinational, which just celebrated its 60th years […]