TotalEnergies Sells 85% Stake in Malaysia's Block 2E to INPEX for $350 Million

French energy company TotalEnergies has sold its 85% minority stake in Block 2E offshore Malaysia to Japanese energy firm INPEX for $350 million. The sale includes the Marjoram gas field, which is in the development phase. TotalEnergies aims to optimize its portfolio by monetizing non-operated assets through this transaction. With this sale in Malaysia, the company is focusing on managing its energy assets more efficiently. INPEX plans to expand its gas assets in the Asia-Pacific region through the acquisition. The Marjoram field holds strategic importance in meeting regional energy demand. TotalEnergies' move reflects asset management strategies of companies in the global energy market. The sale is intended to strengthen the company's balance sheet and generate resources for new investments. This is not investment advice.

📊 TTE — Piyasa Yorumu

▼ down · 60%

TotalEnergies has announced an asset sale, typically aimed at boosting cash flow or restructuring its portfolio. However, the sale is small relative to the company's total value, so it is expected to have a limited impact on the market. Technical indicators show the stock is in oversold territory (RSI 25.6) and trading below short-term moving averages, suggesting continued selling pressure. In the short term, the positive news may be insufficient to offset the technical weakness.

RSI 14

25.6

MACD

-0.93

24h Δ

-3.08%

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