US Edition6 Articles
6 Articles
TotalEnergies Acquires Stake in Suriname Offshore to Expand Gran Morgu Project
French oil and gas company TotalEnergies has announced the acquisition of a 25% stake in Block 53 on the Surinamese offshore shelf from Spanish company Moeve, Reuters reports. The value of the deal was not disclosed. This transaction strengthens the presence of the French energy giant in one of the world’s key exploration regions, where the company is already a leading player among major oil corporations. Block 53 borders the Gran Morgu project,…
Market Consensus Alphavalue/Divacons Moeve completed the divestment of all its exploration and production assets in Latin America. The company reported that it has sold its 25% stake in Block 53 in Suriname to the French TotalEnergys. With this operation, the energy advances in its decoupling from oil, by getting rid of its last “upstream” asset in South America. This follows sales of its assets in Colombia and Peru last year. TotalEnergys will…
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
