TotalEnergies SE agreed to buy OMV AG’s stake in an independent Malaysian natural gas producer for $903 million, increasing the French energy giant’s presence in southeast Asia.
SapuraOMV, headquartered in Kuala Lumpur, is a joint venture between Sapura Energy Berhad
and OMV. It has production and development assets in shallow waters off Malaysia, as well as exploration interests in Mexico, Australia, and New Zealand.
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