At TotalEnergies, our priority is to keep you informed through listening and dialogue. These questions are your questions.
What is the status of the ‘Northern Lights’ CO₂ capture and storage project?
This first large‑scale CO₂ transport and storage project, in which TotalEnergies decided to invest in 2020 with Equinor and Shell, is currently in the construction phase. Drilling operations for the two CO₂ injection wells have been completed. The twelve onshore tanks for temporary CO₂ storage were delivered in early 2023.
The official ceremony to launch the construction of two CO₂ transporter vessels occurred on November 2022 at Dalian in China. Kick off of the first phase of the project is scheduled for 2024.
To find out more about the Northern Lights project, visit the website https://norlights.com
Why does TotalEnergies regularly buy back its own shares?
Share buyback reduces the number of the Company’s shares in circulation and increases the earning per share in a consistent environment. Share buybacks therefore uphold share prices and can contribute to future growth of the ordinary dividend per share. It is one of the remuneration solutions in TotalEnergies’ shareholder return policies.
As part of the Shareholders’ Club, why do I have to confirm my participation in an event after being selected by draw for that same event?
Confirming your participation in an event is essential, as we require further information to ensure that the event runs smoothly. It also enables us to record any withdrawals, as people sometimes sign up for an event but do not attend. These people take up a place that could have been allocated to someone who would have liked to attend. Shareholders’ club events are in high demand and very popular. After a draw, people who have not been selected by draw remain on the waiting list for the event they signed up for. If a person informs us of their withdrawal from an event, well enough in advance, we can proceed with a second draw to allow other people to benefit from the event.