TotalEnergies – Page 3 – Oil & Gas 360

NextDecade secures $3 billion funding from TotalEnergies, GIP for Rio Grande LNG project

August 11, 2025

(BOE Report)– U.S. liquefied natural gas developer NextDecade said on Monday it will receive up to $3 billion in equity commitments from TotalEnergies and Global Infrastructure Partners (GIP) to finance the fourth liquefaction train at its Rio Grande LNG export project in Texas. TotalEnergies will contribute about $300 million for a 10% stake in the Train 4 joint venture, while a

TotalEnergies buys Vantage Drilling’s Tungsten Explorer

August 11, 2025

(World Oil)– Vantage Drilling International Ltd. has completed its sale of the Tungsten Explorer to TEVA Ship Charter LLC, the joint venture entity owned 25% by Vantage Drilling and 75% by TotalEnergies. As previously announced, Vantage will continue to manage the Tungsten Explorer for a ten-year term with the option to extend for an additional five years. “We are delighted

Record production at Exxon and Chevron humbles European rivals: Bousso

August 5, 2025

(BOE Report) – LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also has to hope rivals don’t accelerate. Just ask Europe’s energy majors. Exxon Mobil and Chevron’s bumper oil and gas output in the second quarter served as a sobering reminder to their European rivals of the ferocious challenge the latter face in

Halliburton awarded contract for Northern Endurance Partnership CCS monitoring

August 5, 2025

(World Oil) – Halliburton has secured a contract to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system in northeast England’s East Coast Cluster (ECC). Halliburton will manufacture and deliver the majority of the equipment required for this project from its U.K. completion manufacturing facility in Arbroath. For more than 50

TotalEnergies starts production from two offshore Angola projects

July 23, 2025

(World Oil)– TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production. The two subsea tie-back projects will deliver additional production leveraging available capacity on existing FPSOs, TotalEnergies stated, citing added benefits of low marginal costs and low carbon intensities. TotalEnergies

TotalEnergies moves to restart work on $20 billion Mozambique LNG, sources say

July 7, 2025

(World Oil)– Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter. Firms have taken preliminary steps, including deploying resources to the project site, said two of the

TotalEnergies signs 20-year LNG purchase agreement with NextDecade

April 15, 2025

(World Oil) – TotalEnergies has signed a Sales and Purchase Agreement (SPA) with NextDecade to buy 1.5 million tons per annum (Mtpa) of liquefied natural gas (LNG) from the future Train 4 liquefaction unit at the Rio Grande LNG facility. The SPA, of a duration of twenty years, is subject to NextDecade taking a positive Final Investment Decision (FID) on

TotalEnergies and RWE agree one of the world’s biggest green hydrogen deals

March 12, 2025

(Oil Price) – Germany’s biggest utility RWE will supply green hydrogen to France’s oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday. The green hydrogen from RWE will be

TotalEnergies to invest $1-billion in green hydrogen projects

February 18, 2025

(Oil Price) – TotalEnergies and Air Liquide plan to invest a combined more than $1.046 billion (1 billion euros) in two electrolyzer projects to produce green hydrogen in the Netherlands, as part of the French supermajor’s efforts to slash emissions from its refineries in northwest Europe. TotalEnergies on Tuesday said it had signed agreements with French industrial gases firm Air Liquide to

Eni, TotalEnergies announce new exploration projects in Libya

January 20, 2025

(World Oil) – Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit. Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance

Totalenergies, Vantage Drilling create new joint venture

January 2, 2025

(World Oil) – Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies, in line with the MOU terms described in previous announcements. Subsequent to the completion of the current Tungsten Explorer contract in Congo, TEVA will acquire the Tungsten Explorer from Vantage subject to customary sale and purchase conditions precedent. TotalEnergies, Vantage

European oil giants commit $500 million to help boost access to energy

November 15, 2024

(Oil Price) – European oil and gas supermajors BP, Equinor, Shell, and TotalEnergies are committing a joint investment of $500 million to help ensure access to affordable, reliable, sustainable, and modern energy for all. The joint investment commitment is part of the energy majors’ efforts to support promising, high-impact projects, primarily in Sub-Saharan Africa, South, and Southeast Asia. These projects are aimed at

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