TotalEnergies has agreed to sell a 40% stake in its Nigerian offshore licenses to Chevron. The deal is valued at $1.6 billion and includes three oil mining leases. TotalEnergies aims to reduce its exposure to oil production in Africa and focus on renewable energy investments. The sale is expected to be completed in 2022.

Read more at Investing.com: TotalEnergies sells 40% stake in Nigerian offshore licenses to Chevron