Tag Archives: TotalEnergies

TotalEnergies is expanding its exploration portfolio offshore Namibia with acreage north of a block where a major oil discovery has been made, as the supermajor looks to boost activity in the new global exploration hotspot. TotalEnergies on Friday announced it had signed agreements to buy a 42.5% operated interest in …

After a five-year hiatus, French supermajor TotalEnergies is formally relaunching on Thursday the $20-billion Mozambique LNG project at an event led by Mozambique’s President Daniel Francisco Chapo and attended by TotalEnergies CEO Patrick Pouyanné. At the end of last year, TotalEnergies lifted the four-year-long force majeure on the Mozambique LNG …

TotalEnergies is expanding its power business in Europe with a multi-billion all-stock deal to buy 50% of the flexible power generation assets of Czech firm EPH. The French supermajor on Monday announced a $5.9-billion (5.1 billion euros) all-stock transaction with Energetický a pr?myslový holding, a.s. (EPH) to acquire 50% of …

French Big Oil major TotalEnergies is considering a divestment from some wind and solar power assets in Asia to reduce its debt load, Bloomberg reported today, citing unnamed sources. A potential sale could fetch several hundred million dollars, the sources told the publication. TotalEnergies is currently gauging potential buyer interest …

The government of Mozambique may not agree with the latest estimate for an LNG project led by TotalEnergies, which said earlier this week the price tag for the facility had gone up by $4.5 billion. The French supermajor attributed the cost increase to the four years, during which work on …

TotalEnergies and its partners are close to restarting construction and engineering work on the huge $20-billion LNG export facility in Mozambique after the companies lifted the four-year-long force majeure on the project. The French supermajor and its joint venture partners lifted the force majeure in a notice sent to the …

France’s TotalEnergies said Saturday the consortium it leads to build a USD 20-billion liquified natural gas project in Mozambique has decided to lift a suspension on the work imposed in 2021 because of jihadist violence. TotalEnergies said in a statement the “force majeure” halt to the Mozambique LNG project would …

TotalEnergies will sell its minority non-operated stakes in three mature oil and gas fields offshore Norway as part of a strategy to high-grade its upstream portfolio, the French supermajor said on Wednesday. The group’s Norwegian subsidiary, TotalEnergies EP Norge, has signed an agreement to divest its non-operated interest, 39.89%, in …

TotalEnergies has agreed to sell 50% of its solar projects portfolio in North America to global investment firm KKR for about $1 billion, as part of the French supermajor’s renewables strategy to divest half of its already operational assets. TotalEnergies is selling 50% of a portfolio of combined 1.4 gigawatts …

TotalEnergies has been awarded a massive new exploration permit offshore the Republic of Congo, which could ultimately boost oil and gas supply from West Africa. TotalEnergies and its minority partners QatarEnergy and Congo’s national company SNPC have been awarded the Nzombo exploration permit, close to the Moho production facilities operated …