Categories: BusinessNews

France’s Total sells assets in Brunei, Sierra Leone, Liberia

Total said on Tuesday it had sold assets in Brunei, Sierra Leone and Liberia, which the French energy group said represented a total value of more than $400 million.

In Brunei, Total said it had closed the sale of its wholly owned subsidiary Total E&P Deep Offshore Borneo BV to Shell, while it also signed a deal to sell its marketing and services businesses in Liberia and Sierra Leone to Conex Oil & Gas Holdings Ltd.

“In the current context of low oil prices, these transactions support the action plan announced to weather the crisis,” Total Chief Financial Officer Jean-Pierre Sbraire said.

Published by
Reuters News
Country: World News

Recent Posts

Iron Ore powers past $100 as supply woes meet robust demand

ron ore surged past $100 a ton as supply woes in Brazil coincide with sustained, robust…

2 days ago

Sibanye-Stillwater detects Covid-19 cases at Rustenburg operations

ibanye-Stillwater has detected 51 positive cases of the new coronavirus at its Rustenburg operations in…

2 days ago

How successful are mines’ efforts to restore livelihoods?

estoring the livelihoods of households affected by resettlement is fraught with challenges, so it is…

3 days ago

Barrick pays Tanzania US$100 million first tranche of the US$300 million

arrick Gold Corporation has paid US$100 million, the first tranche of the US$300 million settlement…

3 days ago

This website uses cookies.

Read More