Wire · operational-macro
Nigeria: TotalEnergies Completes the Divestment of its Oil Interest in Renaissance JV
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 27 October 2026 · Fusion42 review
TotalEnergies has completed its divestment of a 10% non-operated oil interest in the Renaissance JV licenses in Nigeria to Vaaris for $800 million, while retaining full economic interest in the gas licenses that supply half of Nigeria LNG's gas.
This Wire brief sits within Fusion42's coverage of Oil and Gas Investing.
◆ ◆ The Wire takeaway
You should rethink partnerships and investment focus in Nigerian oil as major players like TotalEnergies shift away from oil stakes but keep large gas interests. This divestment opens opportunities to supply or service the Renaissance JV's oil segment now accessible to new operators.
◆ Coverage
1 source · 27 Oct 2026
◆ Related on Wire
◆ Topics