Commodities

Total Gets Offers for Potential Sale of Argentina Shale Oil Assets

Pump jacks in Neuquen province, Argentina, home of the Vaca Muerta shale formation.Source: Bloomberg

France’s TotalEnergies SE is in talks with at least two suitors who have submitted bids for its shale oil assets in Argentina, according to people familiar with the matter.

Progress with the divestment comes after Chief Executive Officer Patrick Pouyanne said earlier this year that he’d be willing to offloadBloomberg Terminal stakes in the fields at the right price.