Total SA NEWS

TotalEnergies CEO Patrick Pouyanne defended the firm’s greenhouse gas emissions strategy, saying the company would remain committed to oil and gas for a long time.

During a meeting held on July 9 in Algiers between Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Toufik Hakkar, Chief Executive Officer of SONATRACH, several agreements were signed to strengthen the cooperation between the two companies in the production of natural gas in Algeria, the delivery of liquefied natural gas (LNG) to Europe, as well as the development of renewables in Algeria.

TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announced the start of production of the first phase of development of the Absheron natural gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.

Australian contractor Worley has won a new services contract for Shell’s Sparta ultra-deepwater field development in the US Gulf of Mexico, for which the final investment decision is now targeted later this year, reprising its role when the project was set to leave the drawing board as TotalEnergies’ North Platte.

Sinopec and TotalEnergies SE are among companies holding talks to invest in the Jafurah development in Saudi Arabia, according to people familiar with the matter, as the kingdom seeks to exploit one of the world’s largest untapped gas fields.

Rockwell Automation, Inc., the world's largest company dedicated to industrial automation and digital transformation, it is working with TotalEnergies to implement a robot fleet management system, driving autonomous operations for its offshore platforms. The long-running project will reach a significant milestone with its first test on an offshore asset scheduled for mid-2023.

Democratic Republic of Congo’s vision of earning billions of dollars in revenue from dozens of landlocked oil blocks will remain distant without a connection to a lone export route to be operated by TotalEnergies SE.

TotalEnergies SE is considering a bid for private equity-backed oil and gas operator Neptune Energy Group Ltd., people with knowledge of the matter said.

There are at least three conditions for Mozambique LNG’s partners to decide on a possible restart of the project, a TotalEnergies spokesperson has told Rigzone.

The UK’s production of oil and natural gas could be at risk from strike action in the coming weeks, according to the Unite union.

French energy giant Total signed mega contracts with Iraq worth $27bn to develop oil fields, natural gas and a crucial water project that officials said Monday will be key for the oil-rich country to maintain crude output. The deals were signed on Sunday with Prime Minister Mustafa al-Kadhimi in attendance, according to a Ministry of Oil statement. Total signed contracts with the ministry to develop the Ratawi oil field in southern Iraq, a gas processing hub to capture natural gas from five southern oil fields, and a much-needed project to treat Gulf seawater and inject it into reservoirs to maintain oil production levels. A fourth project was signed with the Ministry of Electricity to build a 1,000-megawatt solar power plant.

Solar power generation in the US increased by 26% year on year in 2020 according to data from TradingPlatforms.com.In total, last year just under 91,000m KWh of solar thermal and photovoltaic (PV) power was produced. Solar power generation in the US has risen dramatically over the last two decades. This gave solar power generation a CAGR of 53.99% from 2010-2020.

Uganda, Tanzania and French oil company Total are set to sign agreements Sunday on building a heated pipeline to carry crude oil from western Uganda to the Indian Ocean coast. Construction of the pipeline, which would be the world's longest at 897-miles, is expected to begin this year. Tanzania's new leader, President Samia Suluhu Hassan, is in Uganda to sign the documents, perhaps her most important executive action since her inauguration last month.

French oil and gas group Total said it would not stop producing gas on its Yadana fields in Myanmar as long as operations remained safe, in part to protect employees there who might otherwise risk repercussions from the military junta.Total has come under pressure from rights groups and Myanmar's parallel civilian government to review its operations amid allegations its payments on taxes were funding the military-controlled state.

Bloomberg) --Iraq is discussing a “giant” agreement with French oil giant Total SE to build large infrastructure installations, develop oil fields and produce gas, Oil Minister Ihsan Abdul Jabbar told Asharq News in an interview that aired on Saturday.The agreement is giant, and the volume of the investment exceeds $7 billion,” the minister said.

Total SE is planning to increase energy investment in Libya. Libya’s state-run National Oil Corp. and Total had a virtual meeting and have decided to increase Libyan production capacity and output to the highest levels. Total and Libya's ties go back to decades. Former also holds shares in some key oil fields in Libya, including the nation’s biggest - The El Sharara and the offshore Al Jurf deposit.

Recently at the Indian Energy Forum, BP Plc announced its plan to extend its business in India along with its major partner Reliance Industries Ltd. This is the third joint venture between Reliance and BP Plc with 51% and 49% shares respectively. Another attendee, TOTAL SE also stated that they find India as the largest market in the world of energy and is investing to set major energy projects in India.

Total has resigned from its role as operator of five exploration blocks in the Foz do Amazonas Basin, 120 kilometers offshore Brazil. The area may contain as many as 14 billion barrels of petroleum. Environmentalists, however, have tried to prevent oil exploration in the area, which is home to a sizeable reef. A new operator will be appointed for the job in a period of six months.