Tag Archives: TotalEnergies

A court in South Africa has halted an oil and gas exploration project led by TotalEnergies, saying the environmental assessment for the project was “deeply flawed, failing to address key risks, legal requirements, and public participation,” per a Bloomberg report. The case was brought in front of the court by …

TotalEnergies is taking a bold step in supporting Nigeria’s energy goals with the Ubeta gas field project in the OML 58 onshore license in Nigeria, now in its execution phase. The project is set to deliver a plateau of around 70,000 barrels of oil equivalent per day including condensates, a …

TotalEnergies expects its first-quarter oil and gas production to have increased by almost 4% on the year to the high end of the quarterly guidance range of 2.5 to 2.55 million barrels of oil equivalent per day (boe/d). The French supermajor, which reports full quarterly results on April 30, announced …

Germany’s biggest utility RWE will supply green hydrogen to France’s oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant …

TotalEnergies expects its fourth-quarter results to have benefited from higher LNG production and prices and stronger gas trading, the French energy group said on Thursday, diverging from other supermajors that have flagged weaker oil and gas trading results for the final quarter of 2024. TotalEnergies expects its Integrated LNG results …

French oil and gas company TotalEnergies has begun building a gas processing facility in Iraq, the first stage of a massive multi-energy project. ArtawiGas25 will process 50 million cubic feet of gas per day from the Ratawi field, enough to supply local plants to power 200,000 households in the Basra …

TotalEnergies SE has agreed to sell 50 percent of its ownership in West Burton Energy to EPUK Investments Ltd. (EPUKI), the UK division of Energeticky a prumyslovy holding (EPH). TotalEnergies recalled in a media release that it had purchased West Burton Energy with the plan to resell half. West Burton …

TotalEnergies has agreed to buy German renewables developer VSB Group from Swiss asset manager Partners Group. The transaction, worth €1.57 billion in equity value and shareholder loans, remains subject to the approval of applicable merger control authorities. VSB has more than 475 MW of renewables capacity in operation or under …

European oil and gas supermajors BP, Equinor, Shell, and TotalEnergies are committing a joint investment of $500 million to help ensure access to affordable, reliable, sustainable, and modern energy for all. The joint investment commitment is part of the energy majors’ efforts to support promising, high-impact projects, primarily in Sub-Saharan …

U.S. refining and chemicals giant Phillips 66 booked higher-than-expected earnings for the third quarter even if earnings plunged from a year earlier, as expected, due to weak refining margins and fuel demand. Phillips 66 reported on Tuesday adjusted earnings of $859 million, or $2.04 per share, for the third quarter, …