{"id":19519,"date":"2025-09-26T11:07:53","date_gmt":"2025-09-26T10:07:53","guid":{"rendered":"https:\/\/www.funminews.com\/?p=19519"},"modified":"2025-09-26T11:07:56","modified_gmt":"2025-09-26T10:07:56","slug":"nigeria-oks-totalenergies-510m-stake-sale-to-shell-agip","status":"publish","type":"post","link":"https:\/\/www.funminews.com\/index.php\/2025\/09\/26\/nigeria-oks-totalenergies-510m-stake-sale-to-shell-agip\/","title":{"rendered":"Nigeria OKs TotalEnergies&#8217; $510M stake sale to Shell, Agip"},"content":{"rendered":"\n<p class=\"\">Nigeria&#8217;s oil regulator said Thursday it approved TotalEnergies&#8217; (NYSE:<a href=\"https:\/\/seekingalpha.com\/symbol\/TTE?feed_item_type=news&amp;fr=1&amp;utm_medium=referral&amp;utm_source=msn.com\" target=\"_blank\" rel=\"noreferrer noopener\">TTE<\/a>) $510 million agreement to sell its entire 12.5% in oil mining lease 118 to Shell (<a href=\"https:\/\/seekingalpha.com\/symbol\/SHEL?feed_item_type=news&amp;fr=1&amp;utm_medium=referral&amp;utm_source=msn.com\" target=\"_blank\" rel=\"noreferrer noopener\">SHEL<\/a>) and Agip.<\/p>\n\n\n\n<p class=\"\">TotalEnergies (NYSE:<a href=\"https:\/\/seekingalpha.com\/symbol\/TTE?feed_item_type=news&amp;fr=1&amp;utm_medium=referral&amp;utm_source=msn.com\" target=\"_blank\" rel=\"noreferrer noopener\">TTE<\/a>) will transfer 10% of its interest to Shell (<a href=\"https:\/\/seekingalpha.com\/symbol\/SHEL?feed_item_type=news&amp;fr=1&amp;utm_medium=referral&amp;utm_source=msn.com\" target=\"_blank\" rel=\"noreferrer noopener\">SHEL<\/a>) at a cost of $408 million while Agip will pay $102 million for the remaining 2.5%, the Nigerian Upstream Petroleum Regulatory Commission, according to Reuters.<\/p>\n\n\n\n<p class=\"\">However, the regulator pulled its approval for TotalEnergies&#8217; (<a href=\"https:\/\/seekingalpha.com\/symbol\/TTE?feed_item_type=news&amp;fr=1&amp;utm_medium=referral&amp;utm_source=msn.com\" target=\"_blank\" rel=\"noreferrer noopener\">TTE<\/a>) $860 million asset sale to Mauritius-based Chappal Energies because the two sides had not met financial commitments required to complete the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria&#8217;s oil regulator said Thursday it approved TotalEnergies&#8217; (NYSE:TTE) $510 million agreement to sell its entire 12.5% in oil mining lease 118 to Shell (SHEL) and Agip. TotalEnergies (NYSE:TTE) will transfer 10% of its interest to Shell (SHEL) at a cost of $408 million while Agip will pay $102 million for the remaining 2.5%, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,4,5,3],"tags":[],"class_list":["post-19519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-international","category-naija-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.funminews.com\/wp-content\/uploads\/2025\/09\/t1-1082x630-1.jpg?fit=1082%2C630&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/19519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/comments?post=19519"}],"version-history":[{"count":1,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/19519\/revisions"}],"predecessor-version":[{"id":19520,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/19519\/revisions\/19520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media\/19511"}],"wp:attachment":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media?parent=19519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/categories?post=19519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/tags?post=19519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}