Saudi Arabia’s state oil and gas corporation Saudi Aramco said that it signed five agreements with leading French companies including a deal on hydrogen-powered vehicles with Gaussin, during French President Emmanuel Macron’s visit to the kingdom. The agreements were concluded in the city of Jeddah during the workshops that were …
Read More »Car Maker Renault to Source Geothermal Lithium from Germany
Car manufacturing group and pioneer in the European EV market, Renault Group, and Australian-German geothermal lithium developer Vulcan Energy Resources, announce having signed a lithium offtake term sheet. This agreement is for an initial five-year term which can be extended if mutually agreed, with a start of commercial delivery set …
Read More »France’s First Offshore Wind Turbine Undergoes Survey
Forssea Robotics has completed an underwater survey of the Floatgen offshore wind turbine installed at the SEM-REV site in France. The main goal of the survey, completed in June, was to visually confirm the integrity of the mooring lines and dynamic umbilical system, besides characterizing marine growth on the various …
Read More »France and Russia Form Nuclear Hydrogen Partnership
France and Russia’s EDF Group and Rosatom recently announced the signing of an agreement for nuclear hydrogen production. The purpose is to promote clean H2 projects taking place in both Russia and in Europe. According to Rosatom, developing H2 technologies will play an integral role in the Paris Agreement’s implementation. …
Read More »Total Produces Sustainable Aviation Fuel in France
Oil major Total has begun producing sustainable aviation fuel (SAF) made from used cooking oil at its La Mède biorefinery in southern France and its Oudalle facility near Le Havre to be delivered to French airports this month. Oil major Total has begun producing sustainable aviation fuel (SAF) at its …
Read More »Oil Industry Hit Hard by New Travel Restrictions
A slump in Europe’s travel industry could have a knock-on effect for oil and gas as lockdowns spread across Europe once again. European airline shares plunged this week as Germany, France and Italy all announced new lockdown measures to be introduced over and beyond the Easter period. Vacation travel is …
Read More »Oil Major Total Withdraws from API over Climate Policy Differences
Total will not renew its membership in the American Petroleum Institute (API) for 2021 due to divergences with the main U.S. oil lobby over climate policies, the French oil and gas supermajor said on Friday. For 2019 and 2020, Total found API’s positions “partially aligned” to its own, but some …
Read More »Total Makes Fresh Discovery Offshore Suriname
This latest discovery follows previous discoveries at Maka Central, Sapakara West, and Kwaskwasi announced in January, April, and July 2020, respectively. Total said on Thursday that the well was drilled by a water depth of about 725 meters and encountered a total of 63 meters net pay of hydrocarbons. This …
Read More »Total, Engie Seek Aid for France’s Biggest Green Hydrogen Plant
Total SE and Engie SA plan to build France’s largest green hydrogen facility to feed the oil company’s biodiesel plant in the south of the country from 2024, provided they get subsidies to make the project viable. Steelmakers and gasoline and biofuel producers currently make the hydrogen they need from …
Read More »France’s Total Cuts Investment Target amid Coronavirus Pandemic
Total trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its dividend. The company cut its investment target to $13 billion from $14bn and said it was keeping a lid on operating costs too, even as …
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