TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

TotalEnergies Strengthens Portfolio With Bahrain JV, Nigeria Sale

Benzinga Logo Benzinga By Lekha Gupta
TotalEnergies Strengthens Portfolio With Bahrain JV, Nigeria Sale

TotalEnergies announced two major strategic deals: a 50/50 trading joint venture with Bapco Energies in Bahrain to strengthen its Middle East trading presence, and the sale of its 10% stake in Nigeria's Renaissance JV licenses to Vaaris while retaining economic interest in gas-focused assets. The stock was up 0.71% in premarket trading, near its 52-week high.

Insights
MSpA   positive

Mentioned as launching crypto services, showing strategic positioning in digital asset market


TOT   positive

The company is strategically expanding its trading presence in the Middle East through the Bahrain JV, diversifying its portfolio through asset sales in Nigeria while maintaining economic interests in key gas assets, and the stock is trading near its 52-week high with positive premarket movement.