Nigeria agrees to TotalEnergies' $510 million stake sale to Shell, Agip

Core Insights - Nigeria's oil regulator has approved TotalEnergies' $510 million deal to divest its entire 12.5% stake in oil mining lease 118 to Shell and Agip [1] Company Summary - TotalEnergies is selling its complete 12.5% interest in oil mining lease 118 [1] - The transaction is valued at $510 million [1] Industry Summary - The deal involves major players in the oil sector, specifically TotalEnergies, Shell, and Agip [1] - This transaction reflects ongoing consolidation and investment activities within Nigeria's oil industry [1]