Weekly Recap: Stake cut to 20% in Papua LNG and Acacia-5 discovery with 40% stake
TotalEnergies SE (EURONEXT:TTE) is reshaping its portfolio—cutting to 20% in Papua LNG as ExxonMobil takes operatorship and capex falls to ~$14B, while boosting Angola and offshore growth via Acacia-5, Kaminho and new exploration stakes, plus a €1.5bn note redemption amid tight gas markets.Previous…
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