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 …
Read More »France Delays U.S. LNG Deal on Environmental Concerns
France’s government has asked local power group Engie, in which it holds more than 20 percent, to delay the signing of a 20-year deal worth US$7-billion to buy liquefied natural gas (LNG) from a planned export project in Texas due to concerns over gas production emissions, Politico reported, quoting sources …
Read More »Total Sketches First Stages of Plan to Become Low-Carbon Power Producer
The French oil major plans to boost annual investments in renewables and electricity by $1bn, although gas will remain a key source of revenue Fossil fuel giant Total this week became the latest oil major to announce a major pivot towards clean energy, outlining plans to hike investments in renewable …
Read More »France Boosts Renewable energy Spending in 2021 Budget
In France, government support for renewable energies will rise by 25% in the upcoming 2021 budget to exceed a record €6 billion, the country’s ministry for ecological transition announced on Sep. 17. The financial injection will be aligned with the government’s longer-term energy roadmap, released in April of this year, …
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