Maersk Drilling has bagged a contract extension worth around $24.3 million for its Maersk Valiant drillship from TotalEnergies for drilling an additional well in Block 58 offshore Suriname. The contract extension is the result of TotalEnergies E&P Suriname, Suriname Branch exercising an option to add the drilling of an additional well. It is estimated to […]
Venus oil discovery : French energy giant TotalEnergies (formerly Total) has pulled off a light oil discovery in block 2913B, Petroleum Exploration Licence 56 (PEL56) in the Orange Basin, offshore Namibia through the drilling of the Venus 1-X exploration well. The Venus oil discovery with associated gas was made when the well encountered approximately 84m […]
TotalEnergies and Honeywell, an American multinational conglomerate, have signed an agreement to address the issue of plastic waste that may otherwise be intended for landfills. As part of the deal, Honeywell will supply recycled polymer feedstock (RPF) to the France-based oil and gas company, which will be converted into virgin-quality polymers that could be used […]
Stena Drilling said that it has bagged a new contract from TotalEnergies to provide its Stena Spey mobile offshore drilling unit (MODU) for operations in the UK Continental Shelf (UKCS). The Stena Spey drilling rig is slated to begin operations for the French energy giant between 16 March 2022 and 15 April 2022. According to […]
TotalEnergies has agreed to acquire the commercial and industrial solutions (CIS) business of SunPower Corp., a California-based distributed generation storage and energy services provider, for up to $250 million. The consideration includes an earn-out of $60 million, which will be contingent on regulatory evolution. TotalEnergies holds a majority stake of 50.83% in SunPower, which is […]
Adani Total Gas Limited said that it has received letters of intent (LoI) from the Indian Petroleum and Natural Gas Regulatory Board (PNGRB) to develop city gas distribution (CGD) networks under the 11th CGD Bidding Round. The company bagged LOI for 11 geographical areas (Gas) across the states of Assam, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, […]
Adani Green Energy Ltd (AGEL) has wrapped up the previously announced $3.5 billion (INR 26,000 crores) acquisition of SB Energy Holdings Ltd (SB Energy India). The all-cash deal was announced in May 2021 under which the Adani Group subsidiary acquired the Indian renewable energy company from SoftBank Group (SBG) and Bharti Group. While SoftBank Group […]
TotalEnergies has agreed to invest around $10 billion in several projects in the Basra region of Iraq, aimed at boosting the Gulf country’s electricity supply. In this connection, the French energy giant has signed agreements with the Iraqi Ministries for oil and electricity and the National Investment Commission. The projects are designed to boost the […]
TotalEnergies and Uber have entered into a partnership for expediting the transition of the latter’s drivers towards electric mobility by offering support for vehicle conversion and also easier access to charge points. The partnership will initially target France with the potential to extend it to other countries in Europe. Uber has set a target to […]