TotalEnergies sells 10% SPDC stake to Vaaris after failed $860 million deal

TotalEnergies has agreed to sell its 10% non-operated stake in Nigeria’s onshore oil venture, formerly known as Shell Petroleum Development Company (SPDC), now renamed the Renaissance Joint Venture, to Vaaris Resources. The post TotalEnergies sells 10% SPDC stake to Vaaris after failed $860 million deal appeared first on Nairametrics.

  Business   Jan 14, 2026   0   1  Add to Reading List
TotalEnergies sells 10% SPDC stake to Vaaris after failed $860 million deal

TotalEnergies has agreed to sell its 10% non-operated stake in Nigeria’s onshore oil venture, formerly known as Shell Petroleum Development Company (SPDC), now renamed the Renaissance Joint Venture, to Vaaris Resources.

The post TotalEnergies sells 10% SPDC stake to Vaaris after failed $860 million deal appeared first on Nairametrics.

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