Browsing Tag
TotalEnergies
182 posts
Equinor targets rapid Grimsnes oil development after new North Sea discovery
Equinor and its partners have discovered an estimated 19 million to 50 million barrels of recoverable oil equivalent near Oseberg, with plans to accelerate development through existing subsea and production infrastructure.
Absheron gas project gets final investment decision with 2029 production target
TotalEnergies, SOCAR and XRG have sanctioned Absheron’s full-field expansion, targeting 6 bcm annual gas output and first production in 2029.
SLB secures 15-year TotalEnergies DrillPlan mandate as digital margins outpace drilling
SLB has secured a 15-year agreement to deploy DrillPlan across TotalEnergies' global upstream portfolio, strengthening its position in enterprise energy software. The award builds on a wider digital collaboration as SLB's Digital division delivers 18% annual revenue growth and substantially higher margins than its traditional well construction business, although the contract's financial value and performance targets remain undisclosed.
TotalEnergies lifts Q4 buyback to $2.5bn and targets $10bn free-cash-flow growth
TotalEnergies expects oil, gas and electricity output to grow through 2030 while gearing falls below 10%, supporting a materially larger near-term share repurchase programme.
TotalEnergies says Suriname’s $12bn GranMorgu project is on track for mid-2028 output
About half of planned investment has been deployed at Suriname’s first offshore development, with the 220,000-barrel-a-day project positioning Block 58 as the next major test of the Guiana-Suriname basin.
Santos (ASX: STO) pays US$189m to lift Papua LNG stake as FID nears
Santos is acquiring another 3.3% of Papua LNG from TotalEnergies for approximately US$189 million, increasing its stake to 21% as a redesigned US$14 billion project moves closer to a long-awaited final investment decision.
McDermott wins $1bn-plus ADNOC Umm Shaif offshore contract as $6.2bn gas project advances
McDermott has won a contract it classifies at more than $1 billion for Umm Shaif Package 4, adding surface pressure boosting infrastructure to ADNOC’s $6.2 billion offshore gas expansion.
Questor targets C$10m 2027 revenue after Q2 sales fall to just C$240,000
Questor Technology's second-quarter revenue collapsed from C$3 million to less than C$240,000 as rental utilisation weakened and an Iraq commissioning slipped. Investors nevertheless held the shares steady after a preceding rally, with attention shifting to fleet redeployment, a proposed Emission Rx acquisition and ambitious 2027 revenue targets.
TotalEnergies exits Arctic LNG 2 but keeps $1.3bn loan claim subject to sanctions
TotalEnergies has transferred its fully impaired 10% Arctic LNG 2 stake to a Novatek subsidiary, ending its ownership in the sanctioned project while retaining rights to about $1.3 billion of shareholder-loan reimbursement.
Santos keeps 99-105mmboe guidance as two megaprojects enter cash-generation phase
Santos reported lower first-half profit and subdued free cash flow, but Barossa and Pikka are now ramping simultaneously, setting up a 20%-30% production increase in the second half of 2026.