French energy giant TotalEnergies is today set to sign memoranda of understanding with Petronas and its renewable energy company Gentari during chief executive Patrick Pouyanne’s visit to Malaysia. Pouyanne told the Energy Asia 2023 conference in Kuala Lumpur on Monday morning that the agreements scheduled to be inked later today …
Read More »TotalEnergies Ready to Kick Start Multi-Billion Dollar Iraq Projects
French giant TotalEnergies is set to kick start promised multi-billion dollar oil, gas and renewables investments in Iraq by finalising key contracts with state-owned Basrah Oil Company. Basim Mohammed, Iraq’s deputy oil minister for upstream affairs, said the two players “are now in the process of finalising some contractual procedures …
Read More »Total CEO Sees Tight Gas Market, Pricey Diesel in Europe in 2023
Europe’s natural gas market will tighten again in 2023 as stockpiles will have to be replenished over the summer without the usual Russian supply, according to TotalEnergies SE CEO Patrick Pouyanne. “Europe will get less Russian gas than in 2022 and will have to again massively re-import LNG,” Pouyanne told …
Read More »TotalEnergies will Continue Shipping Russian LNG as Long as there are no EU Sanctions
French energy giant TotalEnergies will continue to ship liquefied natural gas from Russia as long as there are no European sanctions on the fuel, the company’s Chief Executive Patrick Pouyanne said on Wednesday, reiterating a previously stated position. “We will continue to ship LNG from Russia as long as there …
Read More »TotalEnergies Boss Says Oil Price Cap will Boost Putin
The head of French energy major TotalEnergies said Wednesday (5 October) that a possible price cap on Russian oil over the Ukraine war would benefit Russian President Vladimir Putin. The group’s chairman and CEO Patrick Pouyanné made the remarks at the Energy Intelligence Forum industry gathering in central London. “Honestly, …
Read More »Total to Invest $27 bn in Energy Projects in Iraq’s Basra Region
French energy giant Total Energies and the Iraqi ministries for oil and electricity along with the country’s National Investment Commission have signed major agreements, worth $27 billion, covering several projects in the Basra region, designed to enhance the development of Iraq’s natural resources and to improve the country’s electricity supply. …
Read More »Total Is Now TotalEnergies as Part of Strategic Transformation into Broad Energy Company
At the Ordinary and Extraordinary Shareholders’ Meeting, shareholders approved on Sunday, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. In tandem with this name change, TotalEnergies is adopting a new visual identity. …
Read More »‘We’re more than Serious’: Oil Supermajor Total Changing Name for Greener Shift
French supermajor Total is rebranding as it accelerates a shift away from oil and into renewables and the wider power sector, a move its CEO claimed shows it is “more than serious” about the energy transition. Total – one of the leading fossil giants in terms of renewable energy ambitions …
Read More »The Glut of Natural Gas could Lead to more Cancelled LNG Exports
The glut of natural gas could lead to more cancelled LNG exports in the next few months. “It is clear that yes we face today people talk lot about the oil market, but the gas markets are suffering a lot,” the CEO of Total SA, Patrick Pouyanne, told investors and …
Read More »Total Targets Carbon Neutrality in 2050
Total SA unveiled a plan to neutralize its greenhouse gas emissions by 2050 and deepen cost cuts as its first-quarter profit plunged with oil and gas prices. The French major rounds out a weak quarter for the oil supermajors, forcing them to slash spending, curb production and even reduce the …
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