TotalEnergies to sell Brunei subsidiary to Hibiscus Petroleum for $259m
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has agreed to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a total consideration of $259 million. This transaction, expected to close in the fourth quarter of 2024, marks a significant realignment for TotalEnergies as it […]