SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 6.Feb.2026, Words: 170) — Petrobras received R$ 1.65bn from its partners in the SĂ©pia and Atapu fields: TotalEnergies EP Brasil Ltda (28% WI), PETRONAS PetrĂłleo Brasil Ltda (21% WI), and QatarEnergy Brasil Ltda (21% WI) in SĂ©pia; and Shell Brasil PetrĂłleo […]
Tag: TotalEnergies SE
US LNG Industry Under Pressure as Challenges and Uncertainty Mount
(FT.com, 17.Aug.2024) — The US liquefied natural gas industry faces mounting challenges as legal clashes with activists and contractors combine with a federal permitting freeze to slow the expansion of the world’s biggest exporter. Two multibillion-dollar terminals under construction on the Texas Gulf Coast backed by supermajors ExxonMobil and TotalEnergies […]
Chevron Starts Production at Anchor in US GOM
(Chevron, 12.Aug.2024) — Chevron Corporation started oil and natural gas production from the Anchor project in the deepwater U.S. Gulf of Mexico. Anchor production marks the successful delivery of high-pressure technology that is rated to safely operate at up to 20,000 psi, with reservoir depths reaching 34,000 feet below sea […]
First Oil from the Anchor field in Gulf of Mexico
(TotalEnergies, 12.Aug.2024) — TotalEnergies announces the start of production from the Anchor field, located in the US Gulf of Mexico, in which the company has a 37.14% interest alongside operator Chevron (62.86%). Located 225 km off the Louisiana coast, Anchor, which development was launched in Dec. 2019, consists of a […]
TotalEnergies Divests Shares in Total Parco in Pakistan
(TotalEnergies, 6.Aug.2024) — TotalEnergies signed an agreement to sell its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group. The transaction reflects the selective strategy of TotalEnergies in Marketing & Services focused on core geographies with growth and transitioning opportunities. TPPL is a 50/50 joint venture between TotalEnergies […]
APA Corp. Updates on Permian Drilling, Suriname
(APA Corp., 31.Jul.2024) — APA Corporation announced its financial and operational results for the second quarter of 2024.APA reported net income attributable to common stock of $541mn, or $1.46 per diluted share. When adjusted for items that impact the comparability of results, APA’s second-quarter earnings were $434mn, or $1.17 per diluted share. Net […]
TotalEnergies Reports 2Q:24 Results, Eyes Suriname Block 58 FID
(TotalEnergies, 25.Jul.2024) —The Board of Directors of TotalEnergies SE, chaired by CEO Patrick PouyannĂ©, met on 24 July 2024, to approve the second quarter 2024 financial statements. On the occasion, Patrick PouyannĂ© said: “TotalEnergies generated robust financial results in the second quarter, with adjusted net income of $4.7bn and cash […]
TotalEnergies Launches Battery Storage Development in Germany
(TotalEnergies, 25.Jul.2024) — TotalEnergies has taken the final investment decision for a 100 MW /200 MWh battery storage project in Dahlem, North Rhine-Westphalia. This is the first project sanctioned by TotalEnergies from the pipeline of Kyon Energy, Germany’s leading battery storage system developer, which was recently acquired by TotalEnergies in Feb. 2024. […]
TotalEnergies Buys Interest in OranjeWind Offshore Wind Farm
(TotalEnergies, 25.Jul.2024) — TotalEnergies signed agreements with German renewable developer RWE, to acquire a 50% stake in OranjeWind, a 795 MW offshore wind farm under development in the Netherlands. TotalEnergies will dedicate its share of the renewable electricity production from this project to power 350 MW electrolyzer projects. These will produce […]
TotalEnergies Announces Second Interim Dividend of €0.79/Share
(TotalEnergies, 25.Jul.2024) — The Board of Directors meeting on 24 July 2024 under the chairmanship of Mr. Patrick PouyannĂ©, Chairman and Chief Executive Officer, decided the distribution of the second 2024 interim dividend of 0.79 €/share, an increase of 6.8% compared to the three interim dividends paid for fiscal year 2023 […]
TotalEnergies and SSE Join Forces, Create Source
(TotalEnergies, 16.Jul.2024) — TotalEnergies and SSE have signed a binding agreement to create a joint venture to establish a new major player in EV charging infrastructure in the UK and Ireland, under the brand “Source”. The new business will deploy in both countries up to 3000 high power charge points, meeting […]
SLB OneSubsea Awarded Contract for TotalEnergies’ Kaminho Project
(SLB, 3.Jul.2024) — SLB has announced the award of a contract by TotalEnergies to its OneSubsea™ joint venture for a 13-well Subsea Production System scope, including associated equipment and services, in the development of the Kaminho project, offshore Angola. The project will be developed by TotalEnergies and its Block 20/11 […]
SLB and TotalEnergies Announce 10-year Partnership
(SLB, 2.Jul.2024) — SLB and TotalEnergies announced a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency. The partnership establishes a flexible framework for the companies to work together on addressing key challenges across the energy value chain, including carbon capture, […]
TotalEnergies Wins Further Maritime Lease in the North Sea
(TotalEnergies, 21.Jun.2024) — TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded the maritime concession N-11.2 by the German Federal Network Agency, following auctions held in Germany. Located in the North Sea, around 120 km north-west of the German island of Heligoland, concession N-11.2 (1.5 GW) covers an area […]
TotalEnergies Launches Ubeta Gas Development to Supply Nigeria LNG Liquefaction Plant
(TotalEnergies, 20.Jun.2024) — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), operator of OML 58 onshore license in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corporation Ltd (NNPCL, 60%), have taken the Final Investment Decision (FID) for the development of the Ubeta gas field. Located about 80 km northwest of Port […]
TotalEnergies Sells Subsidiary in Brunei
(TotalEnergies, 14.Jun.2024) — TotalEnergies has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a consideration of $259mn. The transaction is expected to close in the fourth quarter 2024. TotalEnergies EP (Brunei) […]
SBM Reserves Fast4Ward® Hull for Block 58 Development
(SBM, 6.Jun.2024) — SBM Offshore announced that, in partnership with Technip Energies, and in line with the Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the development project located in the Block 58 in Suriname with TotalEnergies EP Suriname B.V., an […]
TotalEnergies: Capital Increase Reserved for Employees of in 2024
(TotalEnergies, 6.Jun.2024) — In accordance with its policy in favour of employee shareholding, the Board of Directors of TotalEnergies SE decided, on 21 Sep. 2023, to carry out a capital increase reserved for eligible employees and former employees of TotalEnergies SE and its French and foreign subsidiaries in which the […]
TotalEnergies, APA Corp. and Staatsolie Progress towards FID on Block 58
(TotalEnergies, 5.Jun.2024) — On the occasion of the 2024 Suriname Energy Oil and Gas Summit, Javier Rielo, Senior Vice President Americas, Exploration & Production for TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V, the Suriname National Oil Company, announced several significant steps towards the Final […]
TotalEnergies Buys Gas-Fired UK Power Plant
(TotalEnergies, 5.Jun.2024) — In line with its development as an integrated electricity player, TotalEnergies signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all the shares of West Burton Energy for an enterprise value of ÂŁ450mn. West Burton Energy owns and operates […]
TotalEnergies Increases LNG Deliveries to Asia with Two New Contracts
(TotalEnergies, 4.Jun.2024) — In line with its strategy to grow its liquefied natural gas (LNG) business, TotalEnergies announces the signing of two new LNG medium- and long-term contracts in Asia: a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800,000 tons per year […]
TE H2 Partners with VERBUND on Large Project in Tunisia
(TotalEnergies, 28.May.2024) — TE H2 a joint-venture between TotalEnergies and EREN Groupe, together with VERBUND, Austria’s leading electricity company, have signed a Memorandum of Understanding with the Republic of Tunisia to study the implementation of a large green hydrogen project named “H2 Notos” for export to Central Europe through pipelines. H2 […]
TotalEnergies Takes FID for Atapu-2 and SĂ©pia-2 Oil Developments
(TotalEnergies, 27.May.2024) — TotalEnergies, together with the operator Petrobras and their partners in the Atapu and SĂ©pia consortiums, have taken the Final Investment Decision (FID) for the second development phase of Atapu and SĂ©pia fields, located in the prolific pre-salt Santos Basin, offshore Brazil. The Atapu field has been producing since 2020 […]
Marechal Duque de Caxias in Brazil on Way to Pre-salt Layer
(Petrobras, 27.May.2024) — The platform ship Marechal Duque de Caxias arrived in Brazil on 27 May 2024, from China, heading for the Mero field in the pre-salt Santos Basin. The platform of the FPSO type (floating production, storage, and transfer unit) can produce up to 180,000 barrels of oil and compress […]
Petronas Discovery in Suriname Approaches 400 MMbbls
(Petronas, 16.May.2024) — Addressing the recent deepwater discovery by Petronas in Suriname, Mark Oberstoetter, Head of Americas (non-L48) Upstream, said “We understand Roystonea and Fusaea’s recoverable resources are approaching 400 million barrels. This could be enough to support an FPSO with an oil processing capacity of up to 100,000 b/d […]
EAI’s NRGBriefs: April 2024
(Energy Analytics Institute, 30.Apr.2024) — Energy briefs as well as others related to finance and projects during April 2024 including ExxonMobil, Hess and CNOOC announcing a $12.7bn FID for their sixth project offshore Guyana dubbed Whiptail; YPF SA launching the “Andes” project to divest 55 mature conventional fields and focus […]
Deals Show Enduring Appeal of US Gas
(Rystad Energy, 19.Apr.2024) — European companies have been cautiously adding to their upstream positions. More deals could follow. Ed Crooks examines the forces shaping the energy industry globally The great investor Warren Buffett says one of his rules is “never bet against America”. There are many who share that view, […]
Joint Statement from Papua New Guinea and TotalEnergies
(TotalEnergies, 8.Apr.2024) — Papua New Guinea Prime Minister James Marape and TotalEnergies Chairman and CEO Patrick PouyannĂ© met together to discuss the status of the Papua LNG project. On this occasion, PouyannĂ© reaffirmed to the Prime Minister that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, and […]
TotalEnergies Launches New Battery Storage Project in Belgium
(TotalEnergies, 3.Apr.2024) — On the occasion of Belgian Energy Minister Tinne Van der Straeten’s visit to TotalEnergies‘ Antwerp refinery battery storage project, the company announced the development in Belgium of a second similar project. The new project will be developed on the site of TotalEnergies’ depot in Feluy. It will […]
NextDecade Updates on Strategic Plans for Early 2024
(NextDecade, 11.Mar.2024) — NextDecade Corporation (NASDAQ: NEXT) provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024. CEO Commentary “We are committed to maximizing long-term value for NextDecade’s shareholders by executing our business strategy efficiently and effectively,” said Matt Schatzman, NextDecade’s Chairman and Chief […]
![APA Reveals 4Q:23 Results, Updates on Suriname FID [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/us-apa-2q22-b.jpg)
APA Reveals 4Q:23 Results, Updates on Suriname FID [PDF Downloads]
(APA Corporation, 21.Feb.2024) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the fourth-quarter and full-year 2023. During the fourth-quarter 2023, APA reported net income attributable to common stock of $1.8bn, or $5.78 per share on a fully diluted basis. When adjusted for certain items that impact […]
France High-Level Business Council 2nd Plenary Meeting
(TotalEnergies, 19.Feb.2024) — H.E. Dr. Sultan Ahmed Al Jaber, the UAE Minister of Industry and Advanced Technology and MD & CEO of ADNOC, and Mr. Patrick PouyannĂ©, Chairman and CEO of TotalEnergies chaired, this Monday in Paris, the second plenary meeting of the UAE – France High-Level Business Council, in […]
TotalEnergies on Capital Increase Reserved for Employees in 2024
(TotalEnergies, 16.Feb.2024) — In accordance with its policy in favor of employee shareholding, TotalEnergies SE is implementing its annual capital increase reserved for employees and former employees of the company. Through this operation, TotalEnergies intends to continue involving its employees in the company’s growth. Employee shareholders, within the meaning of […]
TotalEnergies Reveals Positive Appraisal of Cronos Gas Find in Cyprus
(TotalEnergies, 15.Feb.2024) — TotalEnergies announces the successful completion of the drilling and production test of the Cronos-2 appraisal well, in Block 6, offshore Cyprus. TotalEnergies holds a 50% interest in Block 6, alongside with Eni (50%, operator). The Cronos-2 well confirmed the lateral extension of the Cronos-1 discovery drilled in […]
TotalEnergies Starts Production in Nigeria at Akpo West Field
(TotalEnergies, 7.Feb.2024) — TotalEnergies and its partners announce the start of production from the Akpo West field on the PML2 license in Nigeria. Located 135 kilometers off the coast, Akpo West is tied back to the existing Akpo Floating Production Storage and Offloading (FPSO) facility, which started-up in 2009 and […]
TotalEnergies on Indicative Dates for 2024, 2025 Dividends
TotalEnergies, 7.Feb.2024) — The Board of Directors of TotalEnergies SE met on 6 Feb. 2024, and recalled, subject to decisions by the board and the shareholders’ meeting which will approve the 2024 financial statements, allocation of earnings and final dividend, the ex-dividend dates for 2024 and decided the payment dates […]
TotalEnergies Updates on Suriname FID 4Q:23 Webcast [PDF Downloads]
(TotalEnergies, 7.Feb.2024) — TotalEnergies SE reported its 4Q:23 and year end 2023 results, commenting on its Suriname FID planned for later in 2024 and other plans related to its LNG portfolio. ____________________
TotalEnergies and Vantage enter 75/25 JVÂ Owning Tungsten Explorer Drillship
(TotalEnergies, 26.Feb.2024) — TotalEnergies and Vantage Drilling International signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship. Pursuant to the terms of the agreement, TotalEnergies will pay $199mn for a 75% interest in the JV owning the rig, with […]
Strohm Completes First TCP Jumper in West Africa
(Strohm, 16.Jan.2024) — Strohm, the world’s first and leading TCP technology company, has supplied TotalEnergies with a thermoplastic composite pipe (TCP) Jumper, which has been commissioned in deep water (1600 m) in West Africa. This installation has followed a rigorous testing programme, during which TotalEnergies qualified the Netherlands-based company’s TCP Jumper for […]
Petrobras Puts Platform Vessel into Pre-salt Production
(Petrobras, 31.Dec.2023) — Petrobras put into production today the Sepetiba platform vessel, in the Mero field, Libra block, in the pre-salt Santos Basin. This is Mero’s third production system, with the capacity to produce up to 180 thousand barrels of oil a day and compress up to 12 million cubic meters […]
QatarEnergy Inks PSCs for Offshore Suriname Blocks
(QatarEnergy, 15.Dec.2023) — QatarEnergy signed two Production Sharing Contracts (PSCs) for Suriname’s offshore Blocks 64 and 65, which it had won during a bid round held in June 2023. Pursuant to the signed contracts, QatarEnergy will own a 30% working interest in block 64, while TotalEnergies (the operator) will own […]
TotalEnergies Expands Presence in Suriname with New License
(TotalEnergies, 15.Dec.2023) — TotalEnergies and its partners QatarEnergy and Petronas signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname, the state-owned oil company of Suriname. “TotalEnergies is delighted to expand further its presence in offshore Suriname, together with two strategic partners. This new block fits well with […]
Consortium to Develop a 1,500 MW Hydropower Project in Mozambique
(TotalEnergies, 13.Dec.2023) — The consortium of EDF (40%), TotalEnergies (30%) and Sumitomo Corporation (30%) announces that it has been selected as strategic partner by the government of Mozambique and entered into a joint development agreement for the development of the Mphanda Nkuwa hydropower project (MNK). Located on the Zambezi River, […]
TotalEnergies Buys Numerous Start-ups in the Electricity Business
(TotalEnergies, 12.Dec.2023) — To contribute to the acceleration of its development in the electricity business, TotalEnergies acquires three start-ups that have benefited from its TotalEnergies On acceleration program based at STATION F in Paris. The success of the collaborations and tests carried out during their participation in the program has […]
TotalEnergies and Masdar Demonstrate Methanol-to-SAF Pathway
(TotalEnergies, 6.Dec.2023) — The first test flight to demonstrate the potential for converting Methanol to SAF (Sustainable Aviation Fuel) has taken place in Dubai on the sidelines of COP28 in the UAE. Masdar, TotalEnergies, the UAE General Civil Aviation Authority, Airbus, Falcon Aviation Services and technology licensor Axens all contributed […]
Increased Market Share Expected as Investment Builds for Low-Carbon Hydrogen
(WoodMac, 5.Dec.2023) — Oil and gas Majors have just an 8% market share of announced global net low-carbon hydrogen production capacity, which equates to 102.6 million tonnes per annum (Mtpa), according to latest analysis from Wood Mackenzie. The Majors are focused on getting small-scale projects operational before 2030 to pave the […]
TotalEnergies Launches In-Depot Charging for Electric Trucks
(TotalEnergies, 21.Nov.2023) — TotalEnergies announced the launch of an in-depot electric truck charging service today at the SOLUTRANS road and urban transportation trade show. With this new solution, TotalEnergies will install and supervise customized charging infrastructure adapted to transporters’ needs to support their transition to electric mobility. Customized Service Adapted […]
TotalEnergies Completes Sale of Canadian assets to Suncor
(TotalEnergies, 20.Nov.2023) — TotalEnergies has completed today the sale to Suncor of the entirety of the shares of TotalEnergies EP Canada Ltd., comprising notably its participation in the Fort Hills oil sands asset and associated midstream commitments. The consideration for the transaction is C$1.47bn (about $1.1bn), with an effective date […]
TotalEnergies Publishes Response of EACOP Ltd [PDF Download]
(TotalEnergies, 16.Nov.2023) — Following the publication of the report by the NGO Greenfaith on the consideration of cultural heritage within the EACOP project in Uganda and Tanzania, and for which EACOP was unfortunately not requested in advance, we have asked our affiliate EACOP Ltd, which operates the EACOP project, to […]
TotalEnergies Buys 1.5 GW Flexible Power Generation Capacity in Texas
(TotalEnergies, 13.Nov.2023) — As part of its development as an integrated power player, TotalEnergies has signed an agreement with TexGen, a U.S.-based company to acquire for $635mn three gas-fired power plants with a total capacity of 1.5 GW in Texas. The three plants, which are connected to ERCOT (Electric Reliability […]