TotalEnergies has amended its existing partnership with Oman LNG, ensuring the French multinational energy company will maintain its 5.54% stake in the Omani enterprise. The northeast coast of Oman is home to the Oman LNG liquefaction complex, equipped with two trains boasting a combined annual production capacity of 7.6 million metric tons (Mtpa) of liquefied […]
In a move that has the potential to reshape Germany’s renewable electricity market, TotalEnergies has confirmed a significant agreement with the Aloys Wobben Foundation (AWS). The deal centers around acquiring the entire share capital of the well-regarded German entity, Quadra Energy. Founded in 2012, Quadra Energy stands out with a “virtual power plant” amassing 9 […]
TotalEnergies EP Canada Ltd. has successfully completed the sale of its 50% stake in the Surmont oil sands asset and related midstream commitments to ConocoPhillips. The transaction, valued at a base amount of C$4.03 billion (approximately US$3 billion), with potential contingent payments of up to C$440 million (about US$330 million), carries an effective date of […]
TotalEnergies and Borealis are celebrating a significant milestone in their partnership with the start-up of the new 625,000 metric ton-per-year Borstar polyethylene (PE) unit at their Baystar joint venture (JV) in Bayport, Texas. This state-of-the-art unit, referred to as Bay 3, not only more than doubles the current production capacity but also utilizes the innovative […]
Adani Green Energy Limited (AGEL) and TotalEnergies have inked a binding agreement for a new 50-50 joint venture, featuring a robust 1,050 MW portfolio. This massive energy portfolio includes a combination of operational assets (300 MW), assets under construction (500 MW), and assets under development (250 MW). Notably, it will incorporate both solar and wind […]
Valaris Limited (NYSE: VAL), a leading provider of offshore drilling services, has revealed new contracts and contract extensions with an associated contract backlog valued at approximately $65 million. This announcement comes after the company’s most recent fleet status report issued on August 1, 2023. Notably, this contract backlog figure excludes any lump sum payments like […]
TotalEnergies and INPEX have inked a deal with PTTEP to take over the latter’s complete stake in the AC-RL7 permit located in Australia. Pending the nod from concerned authorities, the deal will see TotalEnergies grabbing a 26% share consistent with its equity in Ichthys LNG, while INPEX will command the lion’s share with a 74% […]
The Abu Dhabi National Oil Company (ADNOC) is set to acquire a 30% equity stake in the producing Absheron gas and condensate field located in the Caspian Sea. This significant move for a stake in the Absheron Gas Field forms part of ADNOC’s efforts to tap into the international gas market and solidifies the energy […]
In a significant breakthrough for the Middle East and North Africa, TotalEnergies, Aramco, and SABIC have successfully converted plastic waste into ISCC+ certified circular polymers for the first time. This innovative process, which took place at the SATORP refinery in Jubail, Saudi Arabia, involves turning plastic pyrolysis oil or plastic waste derived oil (PDO) into […]
NextDecade Corporation has announced a final investment decision (FID) to proceed with the construction of the first three liquefaction trains, referred to as Phase 1, of its Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. The Rio Grande LNG facility will have a capacity of 27 million tonnes per annum (MTPA). The decision comes […]