TotalEnergies (TTEF.PA) is in talks to invest in Adani Green Energy’s (ADNA.NS) renewable energy projects, in what could be the first deal between the companies since a short-seller’s allegations damaged the Indian group’s shares in January, Bloomberg News reported. The French oil company could invest about $700 million in the projects in a drive to […]
Norway: TotalEnergies acquires a 40% interest in a CO2 Storage exploration license
Paris : TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, a wholly owned subsidiary of CapeOmega AS, to acquire the 40% participating interest held by CapeOmega in the CO2 storage exploration license ExL004 (the “Luna” project). Located 120 km offshore Bergen in 200 m water depth, ExL004 covers an area of 453 sq.km. […]
Electricity: TotalEnergies acquires all of Total Eren after five years of a fruitful strategic partnership – EQ Mag
Paris : Continuing its profitable growth in renewable electricity, TotalEnergies announces today the acquisition of the entire capital of Total Eren, thus increasing its stake from nearly 30% to 100%. The Total Eren teams will be fully integrated within the Renewables business unit of TotalEnergies. This operation follows the strategic agreement concluded between the two […]
Energy transition & Renewables: TotalEnergies partners with Petronas in Asia-Pacific – EQ Mag
Paris : TotalEnergies announces the signature of a Strategic Collaboration Agreement with Gentari Renewables Sdn Bhd, the clean energy solutions company of Petronas, to develop renewable energy projects in the Asia Pacific region. Already collaborating in the upstream sector in 8 countries around the world, this agreement further strengthens TotalEnergies’ partnership with Petronas in the […]
TotalEnergies Signs a 25-year PPA for a 1 GW Wind Project in Kazakhstan – EQ Mag
TotalEnergies (TTE) confirms its commitment to the energy transition in Kazakhstan with the signature of a Power Purchase Agreement (PPA) for the Mirny project. This will be the first PPA signed in the country for a wind project of such scale. Located in the Zhambyl region, the project aims to build a 1 GW onshore […]
TotalEnergies increases its presence and signs Production Sharing Contracts for shallow offshore Blocks 6 and 8 – EQ Mag
Paris : TotalEnergies and its partners, have signed Production Sharing Contracts (PSC) on Blocks 6 & 8 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of Suriname. Blocks 6 and 8 were awarded to TotalEnergies in the Suriname Shallow Offshore Bid Round 2020/2021. TotalEnergies will operate the two blocks with a 40% interest, alongside […]
TotalEnergies says to explore for gas in Lebanon waters – EQ Mag
Beirut : French firm TotalEnergies has signed a contract to begin drilling and exploring for gas this year in waters off crisis-hit Lebanon, the company said in a statement on Tuesday. “TotalEnergies in agreement with its partners Eni and QatarEnergy has signed a firm contract with Transocean to hire the drilling rig that will drill […]
TotalEnergies posts 12-percent rise in first-quarter net profit – EQ Mag
French energy giant TotalEnergies announced Thursday a 12-percent rise in net profit in the first three months of the year despite gas and oil prices falling. Net profit was $5.6 billion (5.1 billion euros) for the first quarter compared to $4.9 billion during the same period last year, the company said. And it was a […]
TotalEnergies’ bet on gas means no big emissions cut by 2030 – EQ Mag
PARIS : French oil major TotalEnergies (TTEF.PA) forecasts its overall greenhouse gas emissions will not see a big reduction by 2030 given it wants to grow its gas business, executives said in an update on its climate strategy on Tuesday. TotalEnergies plans to boost its liquefied natural gas (LNG) output by 40% this decade. Chief […]
TotalEnergies-Rise offshore wind bid in New York features GE factories – EQ Mag
Attentive Energy One (AE1), a joint venture (JV) of TotalEnergies (EPA:TTE) and Rise Light & Power, last week said that its proposal in New York’s third competitive offshore wind solicitation includes a manufacturing agreement with General Electric (NYSE:GE). The JV estimates that if its 1.4-GW project is approved, it would bring USD 25.6 billion (EUR […]
