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 […]
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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. […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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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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The international investment community has received assurances from President Bola Tinubu that his administration will make sure Nigeria continues to be a top choice for both onshore and offshore projects. Tinubu said, “The moment I took over, there was a clear path that we set out to pursue, and we will ensure that Nigeria remains […]
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Pre-tax earnings at Total Energies Nigeria fell by 48.02% in the third quarter as a result of foreign exchange delays. According to The Times, Total Energies’ third-quarter 2023 results, pre-tax profits fell by 48.02% on an annual basis to N3.145 billion. As a result, pre-tax profits for the first nine months of this year were down […]
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Total Energies Marketing Nigeria Plc published 2023 second-quarter results, revealing that pre-tax profits increased 14.12% year on year to N7.052 billion. Pre-tax profits for the first half of the year increased from N12.733 billion to N13.476 billion as a result. The noteworthy increase in revenue, which was primarily driven by the impressive development seen in […]
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TotalEnergies Marketing reported an 11% rise in earnings per share for the second quarter ended June 2023. It’s earnings release that was posted on the Nigerian exchange contained this information. Revenue increased by 25% from N111.4 billion to N139.3 billion and the sales increase exceeded the company’s predictions of N84.8 billion by more than 31.3%. […]
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