(TotalEnergies, 30.May.2022) — During the inauguration of TotalEnergies On – TotalEnergies‘ start-up accelerator at the world’s largest start-up campus, STATION F in Paris – Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, and Xavier Niel, founder of STATION F, welcomed the first 10 start-ups to the accelerator program dedicated […]
Tag: TotalEnergies SE
TotalEnergies to Acquire 50% of Clearway Energy Group
(TotalEnergies, 25.May.2022) — TotalEnergies announces the signature of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the 5th US renewable energy player. This constitutes its largest acquisition in the renewable energy in the United States, one of the top 3 renewable markets in the world. […]
TotalEnergies Inks Long-Term LNG Sale Contract with Hanwha Corporation
(TotalEnergies, 24.May.2022) — Against the backdrop of World Gas Conference 2022, TotalEnergies announces the signing of a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000 metric tons of liquefied natural gas (LNG) per year over 15 years, starting in 2024. The LNG will be sourced from TotalEnergies’ global […]
Sempra Inks Deal with TotalEnergies, Mitsui, Mitsubishi for HCS Project
(Sempra, 23.May.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), has signed a participation agreement with TotalEnergies, Mitsui & Co., Ltd. and Mitsubishi Corporation for the development of the proposed Hackberry Carbon Sequestration (HCS) project in Southwest Louisiana. The participation agreement contemplates that the combined Cameron LNG Phase 1 and proposed […]
Chevron Sanctions Ballymore Project in Deepwater US GOM
(Chevron, 17.May.2022) — Chevron Corporation (NYSE: CVX) sanctioned the Ballymore project in the deepwater US Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform. “Chevron’s US Gulf […]
NRGBriefs: Petrobras EBITDA; LatAm Disintegration; Suriname’s Blk 58
(Energy Analytics Institute, 6.May.2022) — Energy briefs including Brazil’s state oil giant Petróleo Brasileiro S.A. (Petrobras) reporting earnings before interest, taxes, depreciation and amortization of $15.1bn in 1Q:22; energy and other disintegration in the Latin America and Caribbean (LAC) region; APA Corporation and TotalEnergies said getting closer to achieving their […]
Petrobras Starts Production from FPSO Guanabara in the Mero Field
(Petrobras, 2.May.2022) — Petrobras informs that, on 30 April 2022, it started producing oil and natural gas through FPSO Guanabara, the first definitive production system installed in the Mero field, in the Santos Basin pre-salt. The platform, an FPSO (floating unit for the production, storage, and transfer of oil and […]
Libra Consortium Starts Production at Mero Field’s FPSO Guanabara
(Shell Brasil, 2.May.2022) — Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, announces the start of production of the FPSO Guanabara in the Mero field, offshore Santos Basin in Brazil. The FPSO Guanabara, which while under construction was also known as Mero-1, has an installed capacity of 12 million cubic […]
Petrobras on Receiving Sépia Compensation
(Petrobras, 27.Apr.2022) — Petrobras received, at sight, the amount of R$14.55bn from TotalEnergies EP Brasil Ltda., Petronas Petróleo Brasil Ltda. and QP Brasil Ltda., related to the 70% stake of these companies in the Sépia compensation, block acquired by the consortium composed by Petrobras (30%), TotalEnergies (28%), Petronas (21%) and […]
Petrobras on Atapu and Sepia Contracts
(Petrobras, 27.Apr.2022) — Petrobras signed the Production Sharing Contract for the Surplus Volumes to the Transfer of Rights of Atapu in partnership with Shell Brasil Petróleo Ltda (25%) and TotalEnergies EP Brasil Ltda. (22.5%), and a Production Sharing Contract for the Surplus Volumes to the Transfer of Rights of Sepia, […]
Shell Inks Production Sharing Contract for Atapu Field in Brazil
(Shell, 27.Apr.2022) — Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, signed the Production Sharing Contract (PSC) to formally acquire a 25 percent stake of the Atapu field. Shell paid $ 1.1bn to Petrobras for the increased stake in the field. With the contract now signed, Shell will start […]
Petrobras Receives R$4.7bn from Total Energies EP Brasil Ltda. for Atapu
(Petrobras, 26.Apr.2022) — Petrobras, following up on the release disclosed on 19 April 2022, informs that it received today, at sight, the updated payment of R$ 4.7bn from Total Energies EP Brasil Ltda. – TotalEnergies, referring to the 22.5% share in the Atapu compensation. The Atapu block was acquired by […]
NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years
(Energy Analytics Institute, 19.Apr.2022) — Energy briefs including Argentina’s government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted in 1994 and which was to expire in 2031 for 10 years; Forte Minerals Corp. obtaining eligibility with the Depository Trust Company “DTC” for its […]
Petrobras Confirms Details Around Atapu Compensation
(Petrobras, 19.Apr.2022) — Petrobras, following up on the release disclosed on 13 April 2022, informs that, contractually, TotalEnergies EP Brasil Ltda. – TotalEnergies may make the updated payment for its 22.5% share in the compensation for Atapu until 28 April 2022. The Atapu block was acquired by the consortium composed […]
Launch of Cameron LNG Expansion to Increase Liquefied Natural Gas Production
(TotalEnergies, 11.Apr.2022) — TotalEnergies has signed a Heads of Agreement (HOA) with Sempra Infrastructure, Mitsui & Co., Ltd. and Japan LNG Investment – a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK) – for the expansion of Cameron LNG, a liquefied natural gas (LNG) production and […]
Sempra Inks Heads of Agreement for Cameron LNG Phase 2
(Sempra, 4.Apr.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), entered into a Heads of Agreement (HOA) with affiliates of TotalEnergies, Mitsui & Co. and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK), for the development of the Cameron LNG Phase […]
TotalEnergies and Sempra Expand Alliance for the Development of LNG Exports, Renewables
(TotalEnergies, 31.Mar.2022) — TotalEnergies and Sempra are expanding their North American strategic alliance with the signing of two Memorandums of Understanding (MoU): one for the Vista Pacífico LNG export project in Mexico and the other for the co-development of several onshore and offshore renewables projects. The Vista Pacífico LNG project is planned to be […]
TotalEnergies Makes a Significant Find in Namibia Offshore Block 2913B
(TotalEnergies, 24.Feb.2022) — TotalEnergies made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. The Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir. “This discovery […]
NRGBriefs: TotalEnergies and APA Corp. Report Suriname Find
(Energy Analytics Institute, 21.Feb.2022) — Energy briefs including TotalEnergies and APA Corp. reporting another significant find offshore Suriname in Block 58; APA Corp. announcing 4Q:21 financial results and planning a conference call to discuss the results; US sanctions on Russia and its ties with Venezuela; PDVSA President Asdrúbal Chávez travelling […]
APA Corp. Reports Oil Find at Krabdagu Exploration Well Offshore Suriname
(APA Corp., 21.Feb.2022) — APA Corporation (Nasdaq: APA) announced an oil discovery at the Krabdagu-1 (KBD-1) exploration well. KBD-1 is located on Block 58 offshore Suriname, approximately 18 kilometers southeast of the Sapakara South-1 appraisal well. APA Suriname holds a 50% working interest in the block, with TotalEnergies (NYSE: TTE), […]
TotalEnergies Reveals Another Significant Discovery in Suriname’s Block 58
(TotalEnergies, 21.Feb.2022) — 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 […]
TotalEnergies Seeks Exit from Venezuelan Gas Projects
(Bloomberg, 10.Feb.2022) — TotalEnergies SE is negotiating an exit from its natural gas operations in Venezuela, just months after the French energy giant closed its oil business in the country. The company is pulling out of its majority stake in YPergas SA, a joint venture in central Guarico state that produces […]
Maersk Awarded One-well Extension in Suriname for Maersk Valiant
(Maersk, 14.Jan.2022) — TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100 days, with work expected to commence in […]
Petrobras Comments on 2021 Production, Cuts 2022 Target
(Petrobras, 14.Jan.2022) — Petrobras confirms the achievement of its production targets for the year 2021, with the following results: The highlights of 2021 were: • the start of production from FPSO Carioca, the first platform in the Sépia field, in the Santos Basin pre-salt; • own production in the pre-salt, […]
TotalEnergies and Shell Stand Out in Brazilian Oil Auction
(Bloomberg, 17.Dec.2021) — European supermajors TotalEnergies SE and Royal Dutch Shell Plc will join Brazil’s state-controlled oil giant at two key fields, marking the latest expansion in Latin America’s largest crude producer and an important victory for President Jair Bolsonaro. TotalEnergies won stakes in both of the deepwater fields on offer Friday, […]
ANP Reveals Result of 2nd Bid Round for TOR Surplus
(Petrobras, 17.Dec.2021) — Petrobras acquired the exploration and production rights of the volumes exceeding those of the Transfer of Rights in the Atapu and Sepia offshore fields in the 2nd Bidding Round for the Transfer of Rights surplus under the Production Sharing Regime, held today, by the National Agency of […]
LatAm Oil Auctions Kick Off After Two-year Lull
(Reuters, 16.Dec.2021) – Latin America’s oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development. Brazil is set to receive bids on Friday […]
Petrobras On Mero Production Individualization Agreement
(Petrobras, 13.Dec.2021) — Petrobras announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved, at the Collegiate Board Meeting No. 1074 held on 9 December 2021, the Production Individualization Agreement (AIP) of the Mero accumulation, located in the Santos Basin. The Mero joint reservoir comprises: – Mero […]
Freepoint Eco-Systems To Build Recycling Facility In Ohio
(Freepoint Eco-Systems, 1.Dec.2021) — Freepoint Eco-Systems LLC plans to build an advanced recycling facility in Ohio that will convert waste plastic into feedstock for use in the production of prime-quality plastic. The Ohio facility will recycle approximately 90,000 tons per year of end-of-life plastic that would otherwise be destined for […]
TotalEnergies And Clean Energy Launch Construction Of Their First Biogas Unit
(TotalEnergies, 30.Nov.2021) — Through their joint venture, TotalEnergies and its U.S. partner Clean Energy are launching the construction of their first biomethane production unit, in Friona, Texas. The biomethane will be used as an alternative fuel for mobility, thus contributing to decarbonize road transportation. Located on the Del Rio Dairy farm, […]
APA Corp. Reports Success At Sapakara South In Suriname
(APA, 16.Nov.2021) — APA Corporation (Nasdaq: APA) announced results from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well, both operations recently completed on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies (TTE), the operator, […]
NRGBriefs: Renewable Energy Ops In The Caribbean
(Energy Analytics Institute, 15.Oct.2021) — Energy briefs including details of four renewable energy-exporting opportunities in the Caribbean in Barbados, Jamaica, Trinidad and Tobago and Guyana; TotalEnergies extending the contract for the Maersk Voyager in Angola for Ondjaba-1; and more. EVENTS — The Caribbean Renewable Energy Forum 2021 takes place from […]
Maersk Gets Contract Extension In Angola
(Maersk Drilling, 15.Oct.2021) — TotalEnergies E&P Angola has exercised an option for the 7th generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days, which means that Maersk Voyager is now contracted until February 2022. […]
NRGBriefs: Suriname’s Oil Finds
(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including Blue Sky Uranium Corp.’s plans to implement a warrant exercise incentive program; Occidental revealing the date for its 3Q:21 conf. call; and more. LATIN AMERICA AND CARIBBEAN Argentina — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) will release its 3Q:21 […]
NRGBriefs: ANH Eyes 17th Bid Round
(Energy Analytics Institute, 6.Oct.2021) — Energy briefs including Brazil’s ANP holding its 17th bid round; Ecuador’s oil production holding steady; Panama’s Generadora Gatún natural gas power plant expecting to start providing electricity in 2024; and more. LATIN AMERICA AND CARIBBEAN Brazil — Brazil’s ANP will hold its 17th Round of […]
APA’s Keskesi South-1 Appraisal Well Disappoints
(APA Corp., 29.Sep.2021) — APA Corporation (Nasdaq: APA) announced results from appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, holding a 50% working interest. Keskesi South-1, drilled approximately 6.2 kilometers from the discovery well […]
Petrobras Concludes TOR For Stake In Lapa Field
(Petrobras, 1.Sep.2021) — Petrobras, following up on the release disclosed on 21 December 2018, informs that it has finalized the transfer of rights of its 10% interest in the Lapa field to TotalEnergies. The operation, which also involves the assignment of the totality of the interest held by Petrobras Netherlands […]
Eco Atlantic Provides Operational Update
(Eco Atlantic, 31.Aug.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) announced its results for the three months ended 30 June 2021, alongside a corporate and operational update. Results Highlights: Financials: — Cash and cash equivalents of $4.85mn (including restricted deposits) and no debt as of 30 […]
Partners Spud Sapote-1 Well In Canje Block
(Eco Atlantic, 31.Aug.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) announced that the Sapote-1 well on the Canje Block, offshore Guyana has been spudded. Eco was officially informed today by its investee company, JHI Associates Inc., about the spudding of the well. The Sapote-1 well is […]
Emerging Oil Nations Reject Climate Curbs On Exploration
(Reuters, 19.Aug.2021) — The world’s newest oil-producing nations grabbed the spotlight at this week’s Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away […]
France’s TotalEnergies exits Petrocedeño JV in Venezuela, concedes $1.38bn capital loss
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 29.Jul.2021, Words: 161) — TotalEnergies, through its affiliate Total Venezuela, has decided to transfer its non-operated minority participation of 30.32% in Petrocedeño S.A. to Corporation Venezonala de Petróleos (CVP), an affiliate of Petróleos de Venezuela (PDVSA). Equinor having also decided to transfer in […]
TotalEnergies Reveals Another Well In Suriname’s Block 58
(TotalEnergies, 29.Jul.2021) — TotalEnergies and Apache Corporation encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a […]
Equinor Sales Faja Stake To CVP
(Equinor, 29.Jul.2021) — Equinor and state-owned Petróleos de Venezuela (PDVSA) have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to Corporación Venezolana del Petróleo (CVP), a PDVSA company. The Petrocedeño project aims to upgrade extra-heavy crude oil into lighter crude from […]
Eco Atlantic Confident In Guyana Despite Jabillo-1 Setback
(ProActive, 5.Jul.2021) — Eco Atlantic Oil & Gas Ltd (LON:ECO, TSE:EOG) chief executive Gil Holzman remains confident in the Canje block, offshore Guyana, where Exxon is now lining up its next drill plans. It comes as Exxon’s Jabillo-1 well exploration well was safely drilled down to its target depth of […]
Eco Atlantic Says Jabillo-1 Well Shows Non-commercial
(Eco Atlantic, 5.Jul.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG) has received a detailed update from JHI Associates Inc. The Jabillo-1 well in the Canje Block, offshore Guyana, reached its planned target depth and was evaluated but did not show evidence of commercial hydrocarbons. Jabillo-1 will now be plugged […]
Eco Atlantic Reveals Investment In Guyana
(Eco Atlantic, 28.Jun.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) closed a transaction with JHI Associates Inc., a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10% interest in JHI (the ‘Transaction’) and to appoint Keith Hill, […]
TotalEnergies In Two New Exploration Licenses In Suriname
(TotalEnergies, 25.Jun.2021) — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 meters and 50 meters, and adjacent to the TotalEnergies operated […]
Suriname’s Oil Boom Keeps Getting Hotter
(Oilprice.com, 23.Jun.2021) — The Guyana-Suriname Basin, which the U.S. Geological Service estimates hold crude oil resources of up to 33 billion barrels, is in the midst of a massive drilling boom that has seen a swathe of major oil discoveries over the last six years. While most of those finds […]
TotalEnergies, QP Win Exploration Blocks Off Suriname
(Argus, 20.Jun.2021) — A consortium of TotalEnergies and Qatar’s state-owned QP have won two offshore exploration blocks in Suriname following the South American state’s latest bid round launched in November. TotalEnergies, formerly Total, will leads the consortium with a 40pc stake, alongside QP with 20pc. Suriname’s state-owned Staatsolie will hold […]
Qatar Petroleum Enters Suriname’s Block 6 And Block 8
(Qatar Petroleum, 19.Jun.2021) – A consortium including Qatar Petroleum has been awarded two offshore blocks in Suriname, under Production Sharing Contracts as part of the recent Suriname offshore bid round. The winning bids in the competitive round were announced by Suriname’s state oil company, Staatsolie. A consortium comprising of Qatar […]