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Totalenergies

All articles tagged with #totalenergies

business1 month ago•1 min saved

Libya inks 25-year oil pact with TotalEnergies and ConocoPhillips to boost output

Libya plans to sign a 25-year oil development agreement through Waha Oil Company with TotalEnergies and ConocoPhillips, backed by more than $20 billion in foreign financing, aiming to boost production by up to 850,000 barrels per day and generate over $376 billion in net revenues. The deals, to be signed at the Libya Energy and Economy Summit in Tripoli, reflect Libya’s push to solidify international energy partnerships despite years of disrupted output, with additional MOUs involving Chevron and cooperation with Egypt’s oil ministry announced alongside the main accord.

via CNBC|

#business #conocophillips #libya

energy4 months ago•0 min saved

TotalEnergies to Restart $20 Billion Mozambique LNG Project Amid Cost Concerns

TotalEnergies has lifted the force majeure on its $20 billion Mozambique LNG project, signaling progress in the project’s development amidst the global energy transition.

via Upstream Online|

#energy #energy-industry #force-majeure

energy1 year ago•3 min saved

Offshore Wind Projects Stalled Amid Political Shifts Post-Election

TotalEnergies SE, a French energy company, has paused its $4.4 billion offshore wind farm project near the New York-New Jersey coastline following Donald Trump's election victory, citing potential policy shifts under his administration. The project, part of a larger $4.37 billion investment in the New York Bight, is in its early stages, with leasing rights recently obtained. The decision reflects concerns over Trump's opposition to offshore wind projects, although the company plans to revisit the project in four years, anticipating possible political changes.

via New York Post |

#energy #offshore-wind #renewable-energy

energy2 years ago•1 min saved

"France's TotalEnergies and Air Liquide Collaborate on Green Hydrogen to Drive Decarbonization"

French oil major TotalEnergies has launched a call for tenders for the annual production of 500,000 tonnes of "green" hydrogen as part of its efforts to decarbonize its European refineries. The company aims to replace "grey" hydrogen, which is carbon-intensive, with green hydrogen produced using renewable energy sources. The transition to green hydrogen is expected to reduce emissions by around five million metric tons of CO2 per year from TotalEnergies' refineries in Europe. The company is also partnering with Air Liquide to supply the Gonfreville refining platform with up to 15,000 tonnes of green and low-carbon hydrogen, reducing 150,000 metric tons of carbon emissions annually. TotalEnergies is seeking to boost the electrolyzer sector and take advantage of European regulations and incentives to achieve competitive prices for green hydrogen.

via Reuters|

#decarbonization #emissions-reduction #energy

energy2 years ago•1 min saved

Offshore Exploration in Lebanon Commences with Arrival of Drilling Rig

French energy group TotalEnergies announced that a drilling rig has arrived in Lebanon to begin offshore oil and gas exploration later this month. This follows a U.S.-brokered agreement that established a maritime border between Lebanese and Israeli waters. Lebanon hopes that gas and oil discoveries will help alleviate its severe economic crisis. TotalEnergies leads a consortium, including ENI and QatarEnergy, in the offshore project. The drilling of the exploration well in Block 9 is expected to start by the end of August, with potential positive results by the end of the year.

via Reuters|

#economic-crisis #energy #gas-and-oil

stock-market2 years ago•1 min saved

Cramer's Lightning Round: Buy Stanley Black & Decker, Sell Plug Power, Hold Live Nation, and Beware of Nikola

CNBC's Jim Cramer recommends buying shares of Stanley Black & Decker, citing their strong performance and undervalued stock price. He also expresses positive sentiments towards Ultra Clean Holdings but suggests investing in Linde instead. Cramer views Nikola as a meme stock with uncertain prospects. He praises Pioneer as a low-cost oil producer and recommends buying their shares. However, he advises caution with Allegro Microsystems due to its expensive valuation. Lastly, Cramer prefers Pioneer over TotalEnergies, considering it a better-run company.

via CNBC|

#nikola #pioneer #stanley-black-and-decker

energy2 years ago•7 min saved

TotalEnergies strengthens LNG position with NextDecade partnership.

NextDecade has signed framework agreements with Global Infrastructure Partners and TotalEnergies to enable the final investment decision for the Rio Grande LNG project Trains 1, 2 and 3 and to provide momentum for the further development of RGLNG Train 4 and Train 5. GIP would become a majority investor in Phase 1, and TotalEnergies would become a 16.67% investor, both subject to execution of definitive documentation and FID. TotalEnergies has also agreed to purchase 5.4 million tonnes per annum of LNG from Phase 1 for 20 years on a free on board basis indexed to Henry Hub and has options to purchase LNG from Train 4 and Train 5.

via Yahoo Finance|

#carbon-capture #energy #global-infrastructure-partners

business2 years ago•0 min saved

Investor revolt and tear gas at TotalEnergies AGM over climate goals.

TotalEnergies, the French energy company, faced a shareholder revolt over its climate goals, with 18% of investors voting against its emissions reduction targets. The company had set a goal to reduce its carbon emissions by 60% by 2050, but some investors argued that this was not ambitious enough and called for more aggressive targets in line with the Paris climate agreement. TotalEnergies has pledged to become a net-zero emissions company by 2050 and is investing heavily in renewable energy as part of its energy transition strategy.

via Financial Times|

#business #climate-goals #emissions-reduction

environment2 years ago•2 min saved

Police use tear gas on climate protesters at TotalEnergies shareholder meeting in Paris.

Riot police in Paris fired tear gas at climate activists protesting outside the annual general meeting of TotalEnergies, who were denouncing the company's fossil fuel expansion. The activists, including 350.org, Friends of the Earth France and Scientists in Rebellion, had pledged to stop the meeting from taking place. Investors ultimately rejected an activist resolution calling on the company to align its climate targets with the Paris Agreement and commit to absolute carbon emission cuts by 2030. The resolution received 30% of the vote, up from 17% in 2020.

via CNBC|

#climate-activists #environment #fossil-fuel-expansion

environment2 years ago•2 min saved

Climate Protesters Disrupt TotalEnergies Annual Meeting with Pepper Spray

Riot police used pepper spray against climate activists protesting TotalEnergies' annual general meeting in Paris. Investors are expected to vote on a climate resolution demanding accelerated cuts to the company's greenhouse gas emissions. TotalEnergies' board opposes the resolution, which calls for steeper absolute emissions cuts by 2030 and inclusion of Scope 3 emissions. The company will instead urge investors to approve its own internal climate plan, focused on more modest emissions cuts from gases at its directly-owned facilities. Protesters sat across access roads, locking arms and legs to form a human barricade.

via Reuters|

#climate-activists #environment #greenhouse-gas-emissions

energy2 years ago•1 min saved

Total CEO Attributes Trading Discount to European Listing

TotalEnergies’ CEO, Patrick Pouyanné, has blamed the discount at which the company’s stock trades relative to its US competitors on its primary listing on a European stock market. However, the company has no plans to move its primary listing to the US. According to analysts, US supermajors ExxonMobil and Chevron are valued at around six times their cash flows, while TotalEnergies is valued at around 4x the cash flow, with UK-based BP and Shell valued even lower, at around 3 times their cash flows.

via OilPrice.com|

#energy #european-big-oil #stock-market

energy2 years ago•1 min saved

Iraq's Energy Sector: Developments, Negotiations, and Progress.

Iraq has made significant progress in its energy sector with two major deals, including a historic agreement between the government and the Kurdistan Regional Government on the export of oil and management of revenues, paving the way for a multi-year budget and a hydrocarbons law. The government also reached a $27 billion deal with France's TotalEnergies to recapture and use flared gas in southern Iraq, increasing electricity supply, reducing harmful climate effects, and allowing for the export of gas products to new markets. Companies from Qatar, Saudi Arabia, and the United States will play important roles in this infrastructure project.

via The White House|

#energy #energy-deals #export-of-gas

energy3 years ago•1 min saved

Iraq nears $27 billion deal with TotalEnergies.

Iraq's oil minister, Hayan Abdel-Ghani, has said that talks with TotalEnergies to resolve issues in a $27bn energy deal have reached advanced stages. The deal, signed in 2021, would see TotalEnergies build four oil, gas and renewables projects in southern Iraq over 25 years. However, disputes over Iraq's demand for a 40% share in the project have caused delays. Abdel-Ghani did not comment on the share issue but said that Iraq is committed to maintaining its 220,000 bpd oil output cut in line with its quota under the latest OPEC+ agreement.

via Reuters|

#energy #gas #iraq