Reuters PARIS – French oil and gas major TotalEnergies is expected to lay out its strategy for a possible future without Russia at an investor presentation this week, with shareholders also hoping the group will increase the amount of money it plans to return to them. Unlike London-based rivals BP and Shell, the French group has held on to
US News PARIS – Two advisers to Ukrainian President Volodymyr Zelenskiy have asked French oil major TotalEnergies to reject a 440 million euro ($438.02 million) “blood money” dividend from one of its Russian holdings or to spend the money on Ukrainian reconstruction. In a Sept. 1 letter to TotalEnergies CEO Patrick Pouyanne, seen by Reuters and first reported by the
World Oil TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), has announced the start of production from the Ikike field, in Nigeria. Located 20 km (12 miles) off the coast, at a depth of about 20 m (65 feet), the Ikike platform is tied back to the existing Amenam offshore facilities through a
World Oil (Bloomberg) — TotalEnergies SE became the first foreign company to win a stake in a multibillion dollar project to boost Qatar’s gas exports. Qatar is expanding production of liquefied natural gas amid a worldwide energy crunch. Global demand for the fuel is soaring as European nations race to wean themselves off Russian gas supplies in the wake of
Yahoo Finance PARIS – TotalEnergies said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group’s largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said the acquisition
World Oil TotalEnergies has been named a winner by the Bureau of Ocean Energy Management of maritime lease area OCS-A 0545 in the United States, as part of the Carolina Long Bay auction held on Wednesday. This bid for the development of an offshore wind farm in the Carolina Long Bay area offshore North Carolina was won for a consideration
World Oil (Bloomberg) — TotalEnergies SE took a $4.1 billion writedown on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine. The French energy giant initially refused to cut ties with Moscow, despite other oil majors including BP Plc and Exxon Mobil Corp.
Yahoo Finance (Bloomberg) — TotalEnergies SE said it will stop buying Russian crude and diesel by the end of the year, becoming the latest energy giant to shun the country’s oil in protest against the invasion of Ukraine. The announcement marks a further effort to reduce financial flows to the regime of President Vladimir Putin as punishment for the attack
World Oil TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 kilometers (11 miles) south-east of Sapakara South, Krabdagu-1 was drilled at
Nasdaq BASRA/LONDON, Feb 14 – A $27-billion deal between France’s TotalEnergies <TTEF.PA> and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country’s new government. Iraq has struggled to attract major fresh investments into its energy industry since signing a flurry of post
World Oil PARIS – TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country’s natural gas resources. These agreements include: The establishment of Marsa LNG, an integrated company between TotalEnergies (80%) and Oman National Oil Company, OQ (20%). Marsa LNG will produce natural gas
World Oil (Bloomberg) –France’s TotalEnergies SE and Italy’s SpA said they were ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war. “I want to contribute to Libya’s comeback,” TotalEnergies’ Chief Executive Officer Patrick Pouyanne said on Monday at an energy conference in the capital, Tripoli. “Some may see
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