Oil giants, TotalEnergies, Shell and BP, are making strategic investments in the area of energy diversification struggling to remain focused in the years to come. Currently, oil and gas investments by the three largest integrate energy companies are likely to remain significant through to 2030. Shell, BP and TotalEnergies share …
Read More »37 French Industrialists to Bring Energy Solutions at Adipec
37 French companies from oil and gas, petrochemical and renewables sector will be gathered in Abu Dhabi from 31 October to 3 November for Adipec, the region’s leading event in the energy sector. This year edition will focus on securing affordable and clean energy systems one year away from the …
Read More »Macron Vows to Follow up French Energy Giant Total’s Oil Exploration in Lebanon
French President Emmanuel Macron on Saturday promised to follow up French energy giant Total’s oil and gas exploration in Lebanon to ensure its continuous work, a statement by Lebanon’s Presidency reported. “You can count on Total’s commitments; I will follow up on the matter,” Macron said in a phone call …
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 »QatarEnergy Partners with TotalEnergies for North Field South project
QatarEnergy has selected France’s TotalEnergies as its first international partner in the North Field South (NFS) liquefied natural gas (LNG) expansion project in Qatar. As per the agreement terms, TotalEnergies will effectively hold a 9.37% stake in the 16 million tons per annum (Mtpa) NFS project. QatarEnergy intends to offer …
Read More »France’s TotalEnergies Invests Billions more in Qatar Gas Project
France’s TotalEnergies has signed a further $1.5 billion investment in Qatar’s natural gas production expansion, which comes as Europe scrambles to find new energy sources to replace Russian supplies. The French energy giant will have a 9.3 percent stake in the North Field South gas project, the first foreign partner …
Read More »Namibia Oil Discoveries are Estimated at Billions of Barrels
Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, the southern African nation’s mines and energy minister said on Friday. Both companies announced earlier this year that they had made “significant” discoveries offshore Namibia, and are currently making assessments. …
Read More »TotalEnergies to Divest 49% Stake Russia’s Termokarstovoye Gas Field
French energy giant TotalEnergies has agreed to divest its 49% stake in Termokarstovoye gas and condensates field in Serbia, Russia to its local joint venture partner Novatek. The transaction includes the sale of Terneftegas, which operates the Termokarstovoye oil and gas field. Upon the completion of the transaction, Novatek will …
Read More »TotalEnergies to Sell Stake in War-Linked Russian Gas Field
French energy firm TotalEnergies said Friday it was divesting its stake in a Russian gas field that was reported this week to be providing fuel that ends up in Russian fighter jets. The company said that it had signed a deal on Friday with its local Russian partner Novatek to …
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