Companies

TotalEnergies Buys Stake in 405 MW Danish Wind Power

TotalEnergies has bought a majority stake in two offshore wind projects in Denmark from European Energy and both companies agreed to cooperate on offshore wind auctions in the Scandinavian nation. Under the agreement, the French energy company takes an 85% stake in the 240 MW Jammerland Bugt project and a …

Read More »

Exxon Looks to Tap Guyana’s Gas Riches

After boosting oil production to above 500,000 barrels per day in five years, the world’s newest crude oil exporter, Guyana, looks to develop its significant natural gas resources, too. ExxonMobil, whose consortium currently pumps all of Guyana’s crude oil, is positioning itself to explore and understand the natural gas reserves …

Read More »

Shell Halts all Red Sea Shipments as Tensions Rise

Shell has suspended indefinitely all its shipments via the Red Sea/Suez Canal route amid rising tensions in the region and fears of escalating Houthi attacks on commercial shipping, The Wall Street Journal reported on Tuesday, citing sources with knowledge of the supermajor’s decision. An oil tanker that Shell had chartered …

Read More »

TotalEnergies Takes Investment Decision on Gas Project

Managing Director and Country Chair, TotalEnergies Exploration and Production (E&P) Nigeria Limited, Matthieu Bouyer has said the company would take the final investment decision (FID) on the Ubeta gas project in 2024, while some other big projects would follow shortly. Bouyer made this disclosure when he led senior officials of …

Read More »

TotalEnergies Expands Stake in Namibian Oil Discovery

Optimizing its position in the global energy sector, the French energy giant TotalEnergies has recently announced an expansion of its holdings in a notable oil discovery located in Namibia, marking a strategic initiative within the industry. The company has recently inked a deal with Impact Oil and Gas Namibia (Pty) …

Read More »