134 articles
Azerbaijan signed 23 investment deals totaling $10.8 billion. Key highlights include major oil and gas projects with SOCAR, TotalEnergies, and ExxonMobil aimed at boosting natural gas production by 5
Oil executives urge shifting from just-in-time to just-in-case supply chains due to regional disruptions. Major firms like TotalEnergies and BP plan alternative pipeline routes to bypass the Strait of
TotalEnergies CEO Patrick Pouyanne stated he prefers a disruptive world for business opportunities, noting integrated energy firms benefit during conflicts. Profits surged alongside rivals Shell and B
Portuguese oil major Galp Energia is exploring options to sell or partner on its 2.7-gigawatt renewable energy portfolio, mirroring recent restructuring activities by European peers like TotalEnergies
TotalEnergies plans a $10 billion investment in Argentina involving offshore development and gas production expansion, aiming to enhance output to 16 million cubic metres per day.
TotalEnergies CEO Patrick Pouyanné warned that a proposed US diesel export ban could backfire by raising domestic gasoline prices and reducing refinery throughput. The policy would disrupt European su
TotalEnergies pledged to increase dividends by over 5% annually through 2030 and expanded share buybacks, benefiting from rising oil prices. The company expects cash flow growth and plans $14-$17 bill
TotalEnergies raised its fourth-quarter share buybacks to $2.5 billion, driven by high global energy prices and strong refining margins. The French energy major also committed to increasing dividends
TotalEnergies, Socar, and XRG approved a second phase for the Absheron gas-condensate field in Azerbaijan, targeting 6 billion cubic meters of annual production by 2029 for domestic use and exports to
Azerbaijan signed over $10 billion in investment agreements, including major energy deals with TotalEnergies and ExxonMobil. The country plans to increase gas production by 5 billion cubic meters with
Nigeria's NNPC confirmed a final investment decision on an $800 million offshore gas project by Amni International and TotalEnergies, which will supply Nigeria LNG's Train 7 expansion and boost annual
TotalEnergies' board unanimously renewed Chairman and CEO Patrick Pouyanne's mandate, reaffirming its strategy focused on Oil & Gas and Integrated Power businesses ahead of an investor update.
TotalEnergies and AMNI approved the offshore Ima gas field development in Nigeria, starting production in 2028. The project supplies one-third of the gas for the Nigeria LNG Train 7 expansion, raising
TotalEnergies secured a three-month fuel supply contract for Namibia, offering significant savings on diesel and petrol volumes. Meanwhile, the company continues negotiations for its Venus offshore oi
TotalEnergies and Venezuela signed a memorandum of understanding facilitating the French oil giant's return to operations in the South American country. The agreement establishes legal conditions for
Venezuela's Interim President Delcy Rodriguez signed an MoU with TotalEnergies, part of renewed oil deals following recent political shifts, though deal specifics remain unavailable.
TotalEnergies secured a $1.8 billion capital contribution from BlackRock’s Global Infrastructure Partners for African oil and gas assets. The deal supports major projects like the East Africa Crude Oi
TotalEnergies and Iraq have agreed to begin discussions on energy projects aimed at boosting oil production and energy transition. The announcement coincided with a separate roadmap for French defense
TotalEnergies advances its Papua New Guinea LNG project toward final investment decision, reducing total investment to approximately $14 billion. The 5.6 million ton annual capacity project includes s
TotalEnergies announced a new oil discovery in Angola, boosting Block 17 output by 6,000 barrels daily. The firm also acquired interests in two new exploration blocks and committed to a $10 billion in
TotalEnergies CEO Patrick Pouyanne announced a $10 billion investment in Angola over five years to sustain crude output, securing new exploration licenses and launching an AI geoscience initiative.
Uganda appointed Vitol to market its crude oil exports, delaying commercial production to early 2027 due to infrastructure delays. The deal expands Vitol's regional presence alongside partners TotalEn
Australia's Santos acquired an additional 3.3% stake in the Papua LNG project from TotalEnergies for $189 million, raising its total interest to 21%. The deal is expected to boost equity LNG productio
TotalEnergies will transfer operatorship of the $14 billion Papua LNG project to ExxonMobil to unlock a final investment decision by year-end. The restructuring increases ExxonMobil's stake to 34.1% a
French President Macron strengthened ties with Gulf states through deals spanning defense, technology, and energy, including TotalEnergies' pledge to double regional pipeline capacity.
Uganda officially named its blended crude oil "Pearl Sweet" ahead of planned commercial production by year-end, featuring 1.65 billion barrels in recoverable reserves. The project, led by TotalEnergie
East Texas refineries operated by Motiva, Exxon Mobil, and TotalEnergies are maintaining planned production despite Tropical Storm Edouard approaching landfall, with contractors sent home but key staf
TotalEnergies may recover approximately $1.3 billion in loans after exiting its stake in the sanctioned Arctic LNG 2 project, transferring ownership to Novatek while retaining compensation rights subj
TotalEnergies intends to appoint a new exploration manager in Norway to capitalize on the country's potential as a key energy supplier for Europe amidst geopolitical disruptions. The company currently
TotalEnergies and Shell CEOs warn of a diverging oil market where crude prices remain bearish while refined fuel prices surge due to Middle East conflicts and Russian refinery attacks. This split thre
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