TotalEnergies SE (TTE) has signed an agreement to acquire a 50% stake in SapuraOMV Upstream Sdn, a Malaysian independent gas producer and operator, for $530 million. The deal is expected to close in the second half of 2024. Post-closure, TotalEnergies will fully own SapuraOMV, which has significant assets in offshore Sarawak, Malaysia. This acquisition follows TotalEnergies’ agreement to acquire a 50% stake in OMV for $903 million in January 2024. The company also announced a sale and purchase agreement with Oman LNG to supply 0.8 metric tonnes per year of liquefied natural gas (LNG) for ten years from 2025 and the Final Investment Decision (FID) for the Marsa LNG project, which aims to develop a portfolio of up to 800 MW of renewable energy.