In a significant step towards ensuring the UK’s energy security and supporting the domestic economy, the North Sea Transition Authority (NSTA) has offered 24 new licenses to 17 companies as part of the second tranche of the 33rd oil and gas licensing round. This move, announced on January 31, 2024, sees industry giants such as […]
In a significant development within the energy sector, OMV has announced the sale of its 50 percent stake in Malaysia’s SapuraOMV Upstream Sdn. Bhd. to TotalEnergies Holdings SAS. The deal, valued at an overall cash consideration of USD 903 million, subject to closing adjustments, is expected to be completed by the end of the first […]
In a significant move to enhance its oil production capabilities, QatarEnergy has awarded four main Engineering, Procurement, Construction, and Installation (EPCI) contracts totaling more than six billion dollars. This monumental investment is aimed at the next development phase of the offshore Al-Shaheen field, Qatar’s largest oil field, with a vision to increase production by approximately […]
TotalEnergies and Wenea have announced an agreement aimed at building a leading player in electric mobility in Spain. This partnership includes developing a network of high-power charging hubs, a move that is set to revolutionize the electric vehicle (EV) charging landscape in the country. The first major step in this collaboration is TotalEnergies’ acquisition of […]
In a significant advancement for deepwater oil and gas exploration, Strohm, the world’s first and leading TCP (thermoplastic composite pipe) technology company, has successfully commissioned a TCP Jumper in the deep waters (1600 m) of West Africa’s Egina field. This project, in collaboration with TotalEnergies, marks a milestone in subsea pipeline technology, showcasing innovative and […]
In a significant development for offshore energy sustainability, TotalEnergies, part of the Libra Consortium, has announced the final investment decision to develop a unique natural gas and CO2 separation and reinjection facility. This groundbreaking facility is slated for the Mero field in the Brazilian deep offshore pre-salt area. At the forefront of this project is […]
TotalEnergies has finalized its agreements with Alimentation Couche-Tard, a milestone transaction valued at €3.1 billion. The deal, which involved TotalEnergies’ retail networks in Germany, the Netherlands, Luxembourg, and Belgium, was completed in two steps, with the final step concluded on January 3rd, 2024. TotalEnergies received €3.4 billion in cash consideration after adjustments and before tax […]
Petrofac has initiated a multi-million-dollar front-end-engineering design (FEED) for the Aramis carbon transport and storage (CCS) system in the Netherlands. This development is a significant step towards achieving the decarbonization goals set by the European Union in the European Green Deal and the Dutch Climate Agreement. Aramis is a collaborative project involving TotalEnergies, Shell, Energie […]
Petrobras, in collaboration with its partners, has initiated production from the second phase of the Mero field development, known as the Mero-2 project. This significant advancement occurs in the Libra block, located in the pre-salt area of Brazil’s Santos Basin, more than 180 kilometers off the coast of Rio de Janeiro. Significant Increase in Production […]
Adani Green Energy Limited (AGEL) today marked a significant milestone in renewable energy by announcing the completion of its 1,050 megawatt (MW) joint venture (JV) with TotalEnergies. In a strategic move, TotalEnergies invested USD 300 million in an AGEL subsidiary, acquiring a 50% stake in a diverse range of renewable energy projects. Details of the […]