Tag Archives: TotalEnergies

Sinopec and TotalEnergies SE are among companies holding talks to invest in the Jafurah development in Saudi Arabia, according to people familiar with the matter, as the kingdom seeks to exploit one of the world’s largest untapped gas fields. The Chinese and French energy giants are in separate discussions with …

The United Arab Emirates’ ADNOC Gas announced Monday a $1-billion deal to provide liquefied natural gas to France’s TotalEnergies as Europe scrambles to find alternatives to Russian energy sources. The liquefied natural gas provided under the three-year supply deal “will be delivered to various export markets around the world”, an …

The French energy company and Iraqi government have agreed to allot a stake of 30% to the state-owned Basra Oil Company and 25% to QatarEnergy in the project, which involves recovery of flared gas on three oil fields for feeding gas to power plants along with the construction of a …

French oil major TotalEnergies confirmed it had reached an agreement with the Iraqi government on a long-delayed $27 billion energy project, reviving a deal which Baghdad hopes could lure back foreign investment in the country. The deal was signed in 2021 for TotalEnergies to build four oil, gas and renewables …

China National Offshore Oil Corporation and France’s TotalEnergies have reportedly completed China’s first purchase of imported liquefied natural gas to be settled in Chinese yuan through the Shanghai Petroleum and Natural Gas Exchange. The deal is reported to have an energy content of 3.2 billion to 3.4 billion British thermal …

Crown Estate Scotland has awarded offshore wind leases to 13 Companies, including BP and TotalEnergies, to support North Sea oil and gas decarbonization. On Friday, Crown Estate Scotland, an independent commercial organization responsible for managing the British seabed, announced that it had awarded leases to 13 companies, including Big Oil’s …

Five European oil majors have drawn a line in the sand with Brazilian President Luiz Inacio Lula da Silva’s administration over a surprise oil export tax that raises the specter of resource nationalism in Latin America’s biggest oil producing country. The Brazilian subsidiaries of Shell Plc, TotalEnergies SE, Repsol SA, …

TotalEnergies saw its net profit double in 2022 to a record $36.2 billion and announced an increase in dividends and share repurchases after the best annual results for the company and for Big Oil ever. The French supermajor reported on Wednesday $36.2 billion in adjusted net income for 2022, double …

France’s TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon, the French firm said on January 29. “We are very pleased to welcome QatarEnergy in our exploration acreage in Lebanon. The recent delineation of Lebanon’s …

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 …