TotalEnergies buys 50% stake in Malaysian gas producer, SapuraOMV, for $903 million

PARIS, FRANCE: TotalEnergies, a French energy giant, has agreed to acquire a 50% stake in SapuraOMV, a Malaysian gas producer and operator, for $903 million. The deal includes the transfer of a $350 million loan from OMV, an Austrian oil and gas company, to SapuraOMV. The acquisition will give TotalEnergies access to SapuraOMV’s main assets…