Key facts: TotalEnergies cuts 2026 spending by 10%; NNPC sells stakes
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TotalEnergies cut its 2026 spending plans by 10% and announced significant cost reductions due to anticipated market challenges, following similar moves by other major oil and gas firms.1NNPC Limited, Nigeria's state energy firm, is selling stakes in oil and gas assets, including partnerships with TotalEnergies, inviting bids for portfolio optimization.2
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