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Tag: TotalEnergies

TotalEnergies to invest $6bn in Nigeria's Deepwater
Oil and Gas

TotalEnergies credits PIA for boosting investment in Nigerian oil industry

The Petroleum Industry Act has been described as the enabler for the transparency and foreign direct investment currently being experienced in Nigeria’s oil industry. The Managing Director/Chief Executive of TotalEnergies EP Nigeria Limited, Matthieu Bouyer, stated this at a panel session held at the Sub-Saharan Africa International Petroleum Exhibition and Conference in Lagos. He was […]

Oil and Gas

Nigeria’s 2025 licensing round draws interest from global oil firms

Nigeria’s upcoming 2025 Licensing Round is already attracting early interest from international oil companies, fueled by renewed confidence in the Nigerian Upstream Petroleum Regulatory Commission and its commitment to transparency and regulatory clarity. The French energy major TotalEnergies praised the NUPRC for conducting a “transparent and credible” 2024 mini-bid round, highlighting strong anticipation for the […]

Business

TotalEnergies, Siemens urge EU to ease regulations for competitiveness

TotalEnergies and Siemens have urged European governments to scrap one of the EU’s key corporate sustainability laws, arguing that doing so would enhance the continent’s competitiveness, The plea was disclosed in a letter, according to Reuters. The letter, signed by TotalEnergies CEO, Patrick Pouyanné, and Siemens AG CEO, Roland Busch, on behalf of 46 European […]

Business

TotalEnergies sells 50% of North American solar asset to KKR

TotalEnergies announced on Monday that it will sell a 50 per cent stake in its North American solar portfolio to global investment firm KKR, in a deal that will bring the energy company $950 million in proceeds, including refinancing. The transaction covers six utility-scale solar assets and 41 distributed generation projects, primarily located in the […]

Energy

TotalEnergies to begin biofuel production with cooking oil

TotalEnergies said it is preparing to launch biofuel production in France using used cooking oil, following a 15-year agreement with Quatra, Europe’s top used cooking oil collector and recycler. The deal will see Quatra supply 60,000 tonnes of used oil each year. The deal, set to begin in 2026, will see Quatra supply used cooking […]

Oil and Gas

TotalEnergies sells Bonga oil field stake to Shell

TotalEnergies has announced that its Nigerian subsidiary, TotalEnergies EP Nigeria, has signed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for the sale of its non-operated 12.5% interest in the OML 118 Production Sharing Contract. In a statement released on Thursday, the company disclosed that the transaction is valued at $510 million. […]

News

TotalEnergies, partners begin construction of Iraq gas treatment unit

TotalEnergies, in partnership with Basra Oil Company and QatarEnergy, officially launched construction on ArtawiGas25 on Friday. This facility will process associated gas from the Ratawi field in Basra, Iraq. The ownership structure of the project is as follows: TotalEnergies (45%) as the operator, Basra Oil Company (30%), and QatarEnergy (25%). The Gas Growth Integrated Project, […]

Oil and Gas

TotalEnergies proposes measures to revive Nigeria’s oil sector

Multinational energy giant, TotalEnergies outlined five key proposals on Tuesday to help revive Nigeria’s oil and gas sector, which has been struggling with underinvestment, stagnation, and declining production for over a decade. The company emphasized the need for more attractive investor entry costs and market-reflective signature bonuses for oil block bids. Additionally, TotalEnergies called for […]

News

TotalEnergies plans investments in Nigeria’s oil sector

The President and CEO of TotalEnergies, Patrick Pouyanne, has announced the company’s readiness to invest billions of dollars in Nigeria’s oil sector, confirming its participation in the country’s ongoing oil bid round. Pouyanne made the statement during a recent visit to the Nigerian Upstream Petroleum Regulatory Commission headquarters in Jabi, Abuja, where he met with […]

TotalEnergies sells Nigerian onshore oil asset to Mauritian company
News

TotalEnergies sells Nigerian onshore oil asset to Mauritian company

TotalEnergies has disclosed that it has sold its participation stake in three additional licenses primarily generating gas, which presently contributes 40% of Nigeria’s LNG production, to a Mauritian company. Despite the divestment, TotalEnergies will retain ownership of the production share, ensuring access to associated infrastructure and pipelines essential for supplying gas to the Nigeria LNG […]

Oil and Gas

NNPCL, TotalEnergies partner to launch $550m Ubeta field development project

The Nigerian National Petroleum Corporation in partnership with TotalEnergies has announced a 550 million dollars Final Investment Decision on the Ubeta Field Development Project. This was disclosed in a statement by the Chief Corporate Communications Officer, Olufemi Soneye via its official X account on Thursday. According to the statement, the milestone is consistent with President […]

Business

TotalEnergies shareholders authorise N8.49bn dividend

TotalEnergies Marketing Nigeria Plc’s shareholders have authorized a dividend of N8.49 billion for the fiscal year 2023, at N25 per share. This was disclosed at the 46th Annual General Meeting of the company which was held on Friday in Lagos. According to the company’s annual report, the board suggested a dividend of N25 per share […]

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