ConocoPhillips has exercised its pre-emption right, resulting in the acquisition of the 50% interest in the Surmont oil sands project previously held by TotalEnergies EP Canada Ltd. This development follows the sale of all securities of TotalEnergies EP Canada Ltd to Suncor Energy Inc. on 27 April 2023. As a part of the transaction, TotalEnergies […]
ConocoPhillips has announced its intention to exercise its preemption right to purchase the remaining 50% stake in the Surmont oil sands project from TotalEnergies EP Canada. The consideration for the stake is at around $3 billion, and ConocoPhillips will also make contingent payments of up to approximately $325 million over a five-year period. The Surmont […]
TotalEnergies and Corio Generation have entered into an agreement to jointly build the 2GW Formosa 3 offshore wind project in Taiwan. In the joint venture (JV) to be formed, Corio Generation, which is a Green Investment Group (GIG) portfolio company, will continue as the major shareholder as well as the lead developer, with 50% plus […]
Shell said that its subsidiary Shell Integrated Gas Oman has started production of gas from the Mabrouk North East field in Oman’s Block 10. The oil and gas giant has an operating stake of 53.45% in Block 10. Its partners are OQ (formerly Oman Oil Company) and Marsa Liquefied Natural Gas, which hold stakes of […]
Equinor has brought phase 2 of the Johan Sverdrup oil field in the Utsira High region in the Norwegian North Sea on stream, marking full stretch operation of the play. On reaching plateau, the Johan Sverdrup field is said to deliver every third Norwegian oil barrel and ensure stable energy deliveries from Norway. The Johan […]
French oil and gas company TotalEnergies has formed a joint venture with Brazilian energy company Casa dos Ventos (CDV) to jointly develop 12GW of renewable energy projects in Brazil. The joint venture, to be owned 34% by TotalEnergies and 66% by Casa dos Ventos, will develop, build, and operate the renewable energy portfolio of the […]
French energy giant TotalEnergies and its partners QatarEnergy and Marubeni have commenced operations of the 800MW Al Kharsaah solar power plant in Qatar, which was inaugurated by Sheikh Tamim bin Hamad Al Thani, Amir of Qatar. The Al Kharsaah solar power project is now one of the largest solar power plants in the Middle East. […]
Norwegian Energy Company (Noreco) has completed the final offshore lifting campaign of the Tyra Redevelopment Project, which is being taken up by the Danish Underground Consortium in the Danish North Sea. All major offshore lifts for Tyra redevelopment have been finished after Heerema Marine Contractors’ Sleipnir semi-submersible crane vessel lifted in place the two remaining […]
TotalEnergies has made a final investment decision (FID) for the Fenix gas project, offshore Argentina, which will see a three-well development with an investment of nearly $706 million. Fenix gas project details The Fenix gas field is contained in the Cuenca Marina Austral 1 (CMA-1) concession in which TotalEnergies is the operator with a stake […]
TotalEnergies has signed a final sale and purchase agreement to divest its 49% stake in Terneftegaz, the operating company of the Termokarstovoye field, a gas and condensate field in Russia, to Novatek. The financial terms of the deal were not disclosed. However, last month, TotalEnergies said that the sale is based on economic terms that […]