Namibia Oil
TotalEnergies boosts its stake in two offshore blocks with considerable potential
TotalEnergies has signed an agreement with Impact Oil and Gas Namibia (Pty) Ltd. (“Impact”) to acquire an additional 9.39% interest in Block 2912 and a further 10.5% stake in Block 2913B. Both blocks are operated by TotalEnergies.
The transaction gives the Company a larger share of the Venus discovery, one of the biggest oil discoveries ever made in sub-Saharan Africa, and of the remaining prospects in those blocks.
GermanyElectricity
TotalEnergies is expanding its operations in Germany’s electricity market Europe’s largest with two acquisition agreements
Under the first agreement, TotalEnergies is acquiring the share capital of Quadra Energy, one of Germany’s top three aggregators of renewable power generation. The second cements the Company’s acquisition of Kyon Energy, a leading German developer of battery storage systems.
These acquisitions follow two big wins in 2023: a marine concession to develop a giant, 3 GW offshore wind farm, as well as a contract to install and operate 1,100 high-power charge points for electric vehicles.
World Finance
TotalEnergies, the most profitable major
This graph shows that TotalEnergies is the most profitable major in percentage.
ROACE full-year 2023
- TotalEnergies: 19%
- Exxon: approximately 18%
- BP: approximately 15%
- Chevron: approximately 15%
- Shell: approximately 14%
FranceSustainable aviation fuel
Airbus and TotalEnergies forge a strategic partnership
TotalEnergies will supply enough sustainable aviation fuel (SAF) to meet more than half of Airbus’s needs in Europe, and the two partners will also be developing a research and innovation program.
In line with the goal of net carbon neutrality in air transportation by 2050, the partnership is aimed at helping reduce the sector’s carbon emissions, where SAF plays an essential role.
The SAF supplied by TotalEnergies, produced from waste and residues from the circular economy, will yield reductions of up to 90% in lifecycle CO2 emissions compared to fossil-fuel equivalents.
Asia Gas
TotalEnergies has signed an agreement with OMV to acquire its 50% stake in Malaysia’s SapuraOMV Upstream (SapuraOMV), an independent gas producer and operator
With their low production costs and GHG intensity, SapuraOMV’s assets will be a perfect fit with TotalEnergies’ portfolio and help meet the growing demand for natural gas in Asia.
EuropeHydrogen
TotalEnergies and Air Liquide have announced the launch of joint venture TEAL Mobility
The equally owned TEAL Mobility combines the expertise of the two founding companies: hydrogen technology and expertise across the hydrogen value chain on the one hand, and the operation and management of station networks and the distribution of energy to B2B customers on the other.
Beginning this year, TEAL Mobility will operate about twenty stations under the TotalEnergies brand in France, the Netherlands, Belgium, Luxembourg and Germany, including twelve stations currently operated by TotalEnergies.
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