In a major move in the renewable energy sector, TotalEnergies has solidified its commitment to sustainability by signing an agreement with Thailand’s PTTEP for the sale of a 25.5% equity stake in the Seagreen offshore wind farm. The deal, valued at £522 million ($689 million), is a significant step in TotalEnergies’ renewable business model, marking […]
TotalEnergies, in collaboration with its partners, has commenced the construction of a substantial hybrid renewable energy project in South Africa, combining a 216 MW solar plant with a 500 MWh battery storage system. Located in the Northern Cape province, this innovative project is set to supply dispatchable renewable electricity to the South African national grid […]
TotalEnergies, in partnership with QatarEnergy and Petronas, has signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname, the state-owned oil company of Suriname. This contract follows the successful bid in the 2022-2023 round organized by Surinamese authorities. Strategic Partnership in Block 64 TotalEnergies will operate the block with a 40% interest, accompanied […]
A consortium comprising EDF (40%), TotalEnergies (30%), and Sumitomo Corporation (30%) has been selected as a strategic partner by the Government of Mozambique for the Mphanda Nkuwa hydropower project (MNK). Located on the Zambezi River, near Cahora Bassa and Tete City, Mphanda Nkuwa hydropower project is envisaged as a 1,500 MW run-of-river hydropower project. The […]
In a significant move to accelerate its development in the electricity business, TotalEnergies has acquired three start-ups that previously participated in its TotalEnergies On acceleration program at STATION F in Paris. The successful collaborations and tests carried out during the program have prompted TotalEnergies to negotiate the acquisition of these start-ups, integrating them into its […]
TotalEnergies and Masdar have successfully conducted a groundbreaking test flight in Dubai, showcasing the potential of converting Methanol to Sustainable Aviation Fuel (SAF). This significant development occurred alongside COP28 in the UAE, marking a pivotal step in the journey towards sustainable aviation. The collaboration involved key industry players, including the UAE General Civil Aviation Authority, […]
In anticipation of the UN Climate Change Conference (COP 28) in the UAE from 30 November to 12 December 2023, Adani Total Gas Ltd. (ATGL), co-promoted by the Adani Group and TotalEnergies, has announced the start of a groundbreaking ‘Green Hydrogen Production and Blending Pilot Project’. This initiative represents a significant advancement in sustainable energy […]
TotalEnergies has successfully completed the sale of TotalEnergies EP Canada Ltd. to Suncor, encompassing its stake in the Fort Hills oil sands asset and related midstream commitments. The transaction is valued at approximately US$1.1 billion (C$1.47 billion), with the deal becoming effective on April 1st, 2023. Following adjustments, TotalEnergies received C$1.83 billion (around US$1.3 billion) […]
Petro Services and its primary subcontractor, Ocean Installer, have announced a significant contract award from TotalEnergies EP Angola and its Block 17 partners. The deal price for this project is undisclosed. The contract involves the execution of an umbilical recovery and reinstallation scope on the Pazflor Floating Production Storage and Offloading (FPSO) vessel. Notably, this […]
Equinor, the operator of production licence 053, has announced a significant discovery of oil and gas at exploration well 30/6-C-2 A, dubbed “Lambda,” situated approximately four kilometres west of the Oseberg field in the North Sea. The initial findings suggest a substantial addition to the region’s resources, with an estimated 0.2 to 0.4 million standard […]