07:11 AM EDT, 10/26/2026 (MT Newswires) -- Eni (ENI.MI) completed the divestment of its onshore and shallow water hydrocarbon exploration and production business in Nigeria to Sterling Oil Exploration and Energy Production's Apex Global Energy, according to a Monday release. Completion of the Italian energy company's sale of its subsidiary Agip Energy and Natural Resources (Nigeria), or AENR, followed receipt of all necessary regulatory approvals. Eni said it will retain a presence in Nigeria through other projects, including liquefied natural gas activities. AENR holds a 5% stake in the Renaissance joint venture, with Nigerian National Petroleum Co owning 55% and Renaissance Africa Energy holding 30% and serving as its operator. French energy giant TotalEnergies (TTE.PA, TTE.L) is selling its 10% non-operated interest to Vaaris.

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