TotalEnergies has announced the sale of its comprehensive interests in the West of Shetland assets in the United Kingdom to The Prax Group, marking a significant shift in its UK operational focus. The assets involved in the transaction include the Laggan, Tormore, Glenlivet, Edradour, and Glendronach fields, the onshore Shetland Gas Plant, and nearby exploration […]
TotalEnergies, in collaboration with the Nigerian National Petroleum Corporation Ltd (NNPCL), has taken the Final Investment Decision (FID) for the development of the Ubeta gas field. This strategic decision underlines a significant advancement in Nigeria’s energy sector, particularly in leveraging gas resources for both local and international markets. Located approximately 80 kilometers northwest of Port […]
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has agreed to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a total consideration of $259 million. This transaction, expected to close in the fourth quarter of 2024, marks a significant realignment for TotalEnergies as it […]
During the 2024 Suriname Energy Oil and Gas Summit, significant advancements were announced concerning the development of offshore Block 58. Senior Vice President Americas, Exploration & Production at TotalEnergies, Javier Rielo, alongside Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., shared details about the upcoming Final Investment Decision (FID) expected in the fourth quarter of […]
TotalEnergies has announced a significant expansion of its energy operations in the United Kingdom by acquiring West Burton Energy from EIG, a prominent institutional investor in the global energy sector, for an enterprise value of £450 million. This strategic acquisition includes the advanced gas-fired West Burton B power plant located in Nottinghamshire, England, which has […]
In a pivotal move to boost oil production in Brazil’s prolific pre-salt Santos Basin, TotalEnergies, in collaboration with Petrobras (Petróleo Brasileiro S.A.) and other consortium partners, has announced the Final Investment Decision (FID) for the second phase of development at both the Atapu and Sépia fields. This decision underscores a significant advancement in the region’s […]
TotalEnergies EP Angola Block 20, a subsidiary of TotalEnergies, has awarded Saipem three significant contracts for the Kaminho project off the coast of Angola, amounting to a total value of $3.7 billion. These contracts mark a critical phase in the development of the Cameia and Golfinho oil fields, highlighting Saipem’s integral role in advancing one […]
TotalEnergies, in partnership with Petronas and Sonangol, has announced the Final Investment Decision (FID) for the Kaminho deepwater project aimed at developing the Cameia and Golfinho fields located 100 km off the coast of Angola in 1,700 m water-depth. This offshore oil project, the first large deepwater development in the Kwanza basin, marks a significant […]
PBS, an Aberdeen-based consortium consisting of Ponticelli UK, Brand Energy & Infrastructure Services, and Semco Maritime, has successfully secured an extension to its General Maintenance and Operations Contract (GMOC) with TotalEnergies. Originally awarded in 2020, this extension reaffirms TotalEnergies’ confidence in PBS’s ability to manage its North Sea assets effectively. With more than a year […]
Trident Energy, a UK-based company specializing in mid-life oil and gas assets, has announced its expansion into the Republic of Congo through two separate acquisition deals with Chevron and TotalEnergies. These transactions mark a significant step in Trident’s growth strategy and its commitment to enhancing its portfolio in Africa. From Chevron, Trident Energy will acquire […]