TotalEnergies’ $7.4B South Africa Setback Highlights Rising Risk for Africa’s Oil Majors
TotalEnergies’ $7.4 billion offshore venture faces authorized delays, highlighting rising environmental and regulatory dangers for worldwide majors. Chevron and Kosmos Energy divested a mixed $405 million in African property, accelerating the switch of mature fields to unbiased operators. Shell and ExxonMobil accomplished $3.68 billion in divestments, signaling a broader pivot towards deepwater, lower-risk portfolios. The…