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() -- French energy firm TotalEnergies agreed to sell its 85% interest in offshore Block 2E in Malaysia to INPEX (TYO:1605) for $350 million, divesting a net 8.5% stake in the Marjoram gas field, which is currently under development. The French energy company said the sale enables it to realize the value of its minorit
TotalEnergies SE (NYSE: TTE ) stock rose nearly 1% in Thursday’s premarket trading after the energy company announced the sale of a minority stake in a Malaysian gas project as it continues to streamline its upstream portfolio. Malaysia Asset Sale Supports Portfolio Strategy TotalEnergies said it will sell an 85% inter