Tag: TotalEnergies

TotalEnergies and ENI Ink Deal to Export Cyprus Block 6 Gas Through Egypt

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — France’s TotalEnergies and Italy’s ENI, partners in Cyprus offshore Block 6, signed a Host Government Agreement (HGA) with the Arab Republic of Egypt and the Republic of Cyprus related to development of Block 6 gas resources. The agreement is a key milestone towards the development […]

TotalEnergies, Masdar and EPointZero to Drive Clean Energy Access in Africa and Asia

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — Abu Dhabi Future Energy Company PJSC – Masdar, TotalEnergies and EPointZero, the decarbonization arm of 2PointZero, a global investment platform, signed a Framework for Action (FFA) agreement to drive access to clean energy in emerging markets and developing economies in Africa […]

TotalEnergies Proposes €3.22/share Dividend Fiscal Year 2024

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HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2025) — The Board of Directors of TotalEnergies decided to propose at the shareholders’ meeting on 23 May 2025, the distribution of a dividend of €3.22/share for fiscal year 2024.  This is up 7% compared to the dividend for fiscal year 2023 of €3.01/share and […]

Suriname 1Q:25 NRG Prospector [PDF Download]

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PANAMA CITY, PANAMA (Piero Stewart and Pietro D. Pitts, Energy Analytics Institute, 2.Feb.2025) — Nestled on the northeaster coast of South America, Surname is a small yet resource rich country poised to emerged as a vital player in the Latin America and Caribbean energy and extractive sectors. Recent developments offshore […]

TotalEnergies to Supply 1.5 TWh to STMicroelectronics Over 15 years

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Jan.2025) — TotalEnergies and STMicroelectronics, a semiconductor serving customers across the spectrum of electronics applications, inked a physical Power Purchase Agreement (PPA) to supply renewable electricity to STMicroelectronics sites in France.  In the case of a “physical” PPA, the renewable electricity and the […]

TotalEnergies Ups Reserves Estimate in Block 58

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PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 28.Jan.2025) — TotalEnergies SA said the Sapakara and Krabdagu oil discoveries offshore Suriname hold recoverable reserves estimated at nearly 760 million barrels, up from an earlier estimate of over 750 million barrels. The GranMorgu project in Block 58 will develop the Sapakara […]

Xodus Announces First Ever UK CCS Permit by the NSTA 

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(Editors at Energy Analytics Institute, 8.Jan.2025) — The Offshore Petroleum Regulator for Environment and Decommissioning, acting on behalf of the UK Secretary of State, agreed in Oct. 2024 to the grant of consent for the Northern Endurance Partnership Environmental Statement. This decision opened the door for the award of the […]

Equinor Reports Highest Ever Production in 2024 at NCS Troll Field

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(Editors at Energy Analytics Institute, 6.Jan.2025) — Equinor said the Troll field in the North Sea produced more natural gas than ever before in 2024, while at the same time significantly reducing CO2 emissions. The Troll field set a historic production record, delivering 42.5 billion standard cubic meters of gas […]

TotalEnergies Enters Strategic Partnership with Terpel Panama

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(Aaron Simonsky, Energy Analytics Institute, 19.Dec.2024) — TotalEnergies Marketing USA, Inc.‘s Central America division and Terpel Panama sealed a strategic partnership for the commercialization of TotalEnergies’ innovative lubricants product portfolio.  This deal will see TotalEnergies’ products reach a wider audience and increased availability at Terpel’s network of 192 service stations across […]

Shell Takes FID at Bonga North Offshore Nigeria

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(Energy Analytics Institute, 16.Dec.2024) — Shell plc subsidiary Shell Nigeria Exploration and Production Company Limited (SNEPCo) announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Peak gross production of 110,000 barrels per day of oil (b/d) is expected by the end of […]

TotalEnergies Divests 50% Interest in West Burton Energy

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(Energy Analytics Institute, 16.Dec.2024) — France’s TotalEnergies sold to EPUKI, the United Kingdom (UK) subsidiary of EPH, a 50% interest in West Burton Energy, a company wholly acquired in Jun. 2024 with the announced intention to resale one half. West Burton owns a 1.3 GW gas fired power plant and […]

TotalEnergies to Divest 50% of Texas Renewable Portfolio

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(Ian Silverman, Energy Analytics Institute, 4.Dec.2024) — TotalEnergies signed an agreement with funds managed by Apollo related to the divestment of 50% of a project portfolio comprising of 2 GW of solar and battery energy storage systems (BESS) in Texas.  The deal will provide TotalEnergies with $800mn in cash. This […]

TotalEnergies Celebrates 50 Years in Saudi Arabia

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(TotalEnergies, 3.Dec.2024) — On the occasion of French President Emmanuel Macron’s state visit to the Kingdom of Saudi Arabia and as the TotalEnergies celebrates 50 years of operations in the country, TotalEnergies underlines the importance of its strategic partnership in the field of energy with the Kingdom under the patronage […]

FACT SHEET: Harbour Energy in Argentina

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(Harbour Energy, 3.Dec.2024) — Harbour Energy is a major supplier of energy and one of Argentina’s top producers of natural gas. The UK-based company has been active in Argentina for over four decades and has a long-term operator partnership through France’s TotalEnergies. In Argentina, Harbour is active in the NeuquĂ©n […]

TotalEnergies Accelerates Decarbonization at La MĂšde

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(TotalEneriges, 25.Nov.2024) — In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has joined forces with Air Liquide to produce renewable hydrogen at La MĂšde in southeast France. This new project complements the Masshylia project to produce green hydrogen by electrolysis led by […]

TotalEnergies on Investments Related to Adani Group in India

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(TotalEneriges, 25.Nov.2024) — TotalEnergies has learnt through public announcements made by the US authorities of the indictment of certain individual Adani group executives in relation to an alleged corruption scheme linked to the business of Adani Green Energy Limited (AGEL). This indictment does not target AGEL itself, nor any AGEL […]

TotalEnergies and Oil India to Collaborate on Emissions Detection

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(TotalEneriges, 19.Nov.2024) — TotalEnergies and Oil India Limited (OIL) signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA technology at OIL sites in India. State-owned enterprise OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at […]

Saipem Inks $1.9bn Contract for GranMorgu Offshore Suriname

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CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 14.Nov.2024) — Saipem has been awarded an $1.9bn EPCI contract by TotalEnergies subsidiary TotalEnergies EP Suriname B.V. for the subsea development of the GranMorgu project offshore Suriname. Saipem’s scope of work entails the engineering, procurement, supply, construction, installation, pre-commissioning and assistance for the […]

TechnipFMC Bags iEPCI Contract for TotalEnergies’ GranMorgu Offshore Suriname

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(Piero Stewart, Energy Analytics Institute, 14.Nov.2024) — Technology provider TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by TotalEnergies for its GranMorgu project on Block 58 offshore Suriname. TechnipFMC classifies a “major” contract as one with a value that exceeds $1bn. The contract with […]

TotalEnergies Energy Outlook 2024 (PDF Download)

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(TotalEnergies, 4.Nov.2024) — To contribute to the public debate on the energy transition, TotalEnergies is publishing the 6th edition of its “TotalEnergies Energy Outlook”, which presents three scenarios for the possible evolution of the demand and the global energy system up to 2050 (documents available at this link). TotalEnergies Energy […]

TotalEnergies to Supply 2 mtpa of LNG to Sinopec for 15 Years

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(Energy Analytics Institute, 4.Nov.2024) — TotalEnergies signed a sales agreement (HoA) with Sinopec for the delivery of 2 million tonnes per annum (mtpa) of LNG for 15 years, starting in 2028. With the agreement, TotalEnergies strengthens its long-term position in the LNG market in China, the largest market in the […]

QatarEnergy and TotalEnergies to Partner in Solar Project in Iraq

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(Energy Analytics Institute, 28.Oct.2024) — QatarEnergy inked a partnership agreement with the French oil giant TotalEnergies to enter into a solar power project that is part of the Gas Growth Integrated Project (GGIP) in Iraq. Per the agreement, which is subject to regulatory approvals, QatarEnergy will buy a 50% interest […]

LatAm NRG Matters: Highlights, Heard

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(Energy Analytics Institute, 18.Oct.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 18 Oct. 2024. —Brazil: TotalEnergies will divest its fuel distribution activities in Brazil to the Brazilian co. SIM Distribuidora, the French co. said. —Cuba: Cuba’s electric co. La UniĂłn ElĂ©ctrica, confirmed that […]

Baker Hughes Awarded Order for Kaminho Project in Angola

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(Baker Hughes, 15.Oct.2024) — Baker Hughes has been awarded a contract, to be booked in the third quarter, to supply advanced compression solutions to Saipem for TotalEnergies’ Kaminho Floating Production Storage and Offloading (FPSO) project in Angola.  Baker Hughes’ centrifugal BCL compressor and Integrated Compressor Line (ICL) technology were selected because of their capacity […]

TotalEnergies Expands Global LNG Bunkering Footprint

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(TotalEnergies, 10.Oct.2024) — TotalEnergies signed a charter contract with Spanish shipowner Ibaizabal for a new Liquefied Natural Gas (LNG) bunker vessel of 18,600m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs. In particular, this additional vessel might be deployed in Oman, where the company is developing […]

Suriname First Development Boosted

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(Energy Analytics Institute, 8.Sep.2024) — APA Corporation recently provided additional details around the final investment decision (FID) taken offshore Suriname with its French partner TotalEneriges.  The development is the first deep oil development offshore Suriname.  Appraisal drilling confirmed gross estimated recoverable resources of more than 750 million barrels of oil, […]

TotalEnergies Inks Renewable Supply Deal with Saint-Gobain

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(TotalEnergies, 8.Oct.2024) — TotalEnergies has signed with Saint-Gobain a Power Purchase Agreement (PPA), under which TotalEnergies will supply renewable electricity to Saint-Gobain’s French facilities. It will take effect from Jan. 2026 for a total volume of 875 GWh over a period of five years. TotalEnergies will provide Saint-Gobain with a baseload supply of electricity and guarantees of origin for […]

TotalEnergies Joins RWE in Two Offshore Wind Projects

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(TotalEnergies, 7.Oct.2024) — TotalEnergies signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea. These two projects, N-9.1 (2 GW) and N-9.2 (2 GW), located 110 km off the German coast, were awarded to RWE in Aug. 2024 and have 25-year […]

Petrobras Reports on South African Operations

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(Petrobras, 1.Oct.2024) — Petrobras informs that its Board of Directors has approved the company’s operations in South Africa, enabling the acquisition of a stake in the Deep Western Orange Basin (DWOB) block, through a competitive process conducted by TotalEnergies. The DWOB block is located in deep waters in the Orange […]

TotalEnergies Takes $10.5bn FID for the GranMorgu Development on Block 58

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PARAMARIBO, SURINAME (TotalEnergies, 1.Oct.2024) — Patrick PouyannĂ©, Chairman and CEO of TotalEnergies, met today in Paramaribo with His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., Suriname’s National Oil Company, to announce the final investment decision (FID) for the “GranMorgu” […]

TotalEnergies Acquires Producing Eagle Ford Assets from Lewis Energy

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(TotalEnergies, 27.Sep.2024) — TotalEnergies signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis in the Eagle Ford basin in Texas. The acquisition of these low cost and long plateau assets further strengthens TotalEnergies’ integration across the gas […]

Northern Lights Ready to Receive CO2

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(Equinor, 26.Sep.2024) — On 26 Sep. 2024 the Norwegian Minister of Energy conducts the official opening of the Northern Lights CO2 transport and storage facility in Øygarden, near Bergen. The Northern Lights facility is a joint venture between Equinor, Shell and TotalEnergies. “The completion of the Northern Lights facility marks an […]

Northern Lights Facilities Finished, Ready to Store CO2

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(TotalEnergies, 26.Sep.2024) — TotalEnergies and its partners, Equinor and Shell, announce the completion of the CO2 receiving and storage facilities of Northern Lights Joint-Venture in Norway. The facilities consist in a terminal that will receive CO2 cargos, a 100 km subsea pipeline for CO2 transportation to the offshore storage location, […]

TotalEnergies Reveals Mozambique LNG Response

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(TotalEnergies, 26.Sep.2024) — The digital media Politico published an article regarding alleged murders that would have been carried out by Mozambican soldiers close to Afungi, the Mozambique LNG site, in northern Mozambique from Jun. to Nov. 2021. Before it was contacted by the author of this article, TotalEnergies had never […]

Air France-KLM Ramps up SAF Offtake with TotalEnergies

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(TotalEnergies, 23.Sep.2024) — TotalEnergies and Air France-KLM have signed an agreement for TotalEnergies to supply up to 1.5 million tons of more sustainable aviation fuel (SAF) to Air France-KLM Group airlines over a 10-year period, until 2035. This agreement marks one the largest SAF purchase contracts signed by Air France-KLM to […]

FĂ©nix Gas Field: Quick Facts

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(Energy Analytics Institute, 23.Sep.2024) — France’s TotalEnergies announced the start of production from the FĂ©nix gas field. The field is located 60 km off the coast of Tierra del Fuego in Southern Argentina, the French company announced 23 Sep. 2024 on LinkedIn. Facts and highlights about the FĂ©nix gas field, […]

TotalEnergies to Supply 1.25 Mt/y of LNG to CNOOC until 2034

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(TotalEnergies, 19.Sep.2024) — In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces a 5-year extension of its sales and purchase agreement (SPA) with CNOOC, for the delivery of 1.25 million tons of LNG per year to China until 2034. Thanks to this agreement, TotalEnergies […]

TotalEnergies to Supply 1.1 mtpa to BOTAƞ for 10 Years

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(Energy Analytics Institute, 18.Sep.2024) — In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies signed a Heads of Agreement (HoA) with BOTAƞ for the delivery of 1.1 million tons per annum (mtpa) of LNG for ten years starting from 2027. This agreement allows TotalEnergies to […]

TotalEnergies Joins Japanese Fund Dedicated to Developing Low-carbon Hydrogen

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(Energy Analytics Institute, 12.Sep.2024) — TotalEnergies entered as an investor in the “Japan Hydrogen Fund” at its first close, joining several major Japanese companies. The fund is dedicated to developing the low-carbon hydrogen value chain. At its launch, the fund is initially endowed with over $400mn, due to contributions from prominent […]

Reducing Emissions from the Troll Field

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Equinor, 11.Sep.2024) — On Saturday, 7 Sep. 2024, Troll B and C became partly powered from shore. This reduces annual emissions from the Norwegian continental shelf (NCS) by 250,000 tonnes of CO2. This is in line with the plan for development and operation (PDO) for Troll West electrification (TWEL), which […]

Chevron Boosts Recovery at Two Facilities in US GOM

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(Chevron, 3.Sep.2024) — Chevron Corporation has started water injection operations at two projects to boost oil and natural gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico, where Chevron operations produce some of the world’s lowest carbon intensity oil and gas. “Delivery of these two projects […]

Eco Atlantic Completes Farm Down in Block 3B/4B Orange Basin South Africa

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(Eco Atlantic, 30.Aug.2024) — Eco (Atlantic) Oil & Gas Ltd. announced completion of a farm down of a 13.75% Participating Interest in Block 3B/4B offshore the Republic of South Africa (“the Block”) and Transfer of Operatorship of the Block after receipt of the requisite regulatory approvals (Section 11) from the government of South Africa (“Completion”). […]