Energy giant TotalEnergies comes aboard Orkney subsea wave power project
Renewables for Subsea Power (RSP) in Orkney aims to use wave power to decarbonise oil and gas projects.
TotalEnergies
TotalEnergies ‘assessing when it will be safe’ to restart Shetland Gas Plant
An investigation is ongoing into a safety incident which has seen the shutdown of TotalEnergies’ (XPAR: TTE) Shetland Gas Plant.
Shetland Gas Plant shut down after heating system failure causes steam release
The plant currently supplies around 8% of the UK’s gas consumption - enough for around 2 million households.
Prax to buy out Total from Natref refinery
“The acquisition marks another significant milestone for the Prax Group, and will create unique opportunities across the South African supply chain, meeting the needs of customers and communities for years to come.”
TotalEnergies buys into UK-Morocco power export plan
“This innovative project will benefit from our track record in developing large and complex integrated energy projects.”
French fund rule puts $7.6 billion of oil, gas assets at risk
A French rule targeting ESG funds has the potential to force oil and gas divestments of €7 billion ($7.6 billion), according to an analysis by Morningstar Inc (NYSE: MORN).
Africa Oil rides expectations with drilling in Namibia, Nigeria
FEED work “could facilitate” a final investment decision (FID) on Preowei, Africa Oil, said.
Ice signs up former Total block offshore Cote d’Ivoire
A domestic Ivoirian company, Ice Oil & Gas, has signed a licence to explore a block offshore, previously held by TotalEnergies.
TotalEnergies to buy Texas gas power plants for $635m
TotalEnergies agreed to buy three natural gas-fired power plants in Texas from TexGen Power for $635 million as it looks to expand in the US market.
Wood Mac: New UK licences need major discovery to ‘whet Shell’s appetite’
Shell (LON: SHEL) will need as much as one trillion cubic feet of gas from exploration licences in the West of Shetland to "truly whet its appetite", according to analysis by Wood Mackenzie.
Total wins Orange Basin drilling approval from South Africa
Total plans to drill one exploration well. Should it be successful, it may drill up to nine more.
Total boosts earnings, with integrated power starting to kick in
Cash flow from operations reached $9.3bn in the quarter, and $27.4bn for the first nine months of the year.
New York awards contracts for three offshore wind projects
New York has selected three offshore wind farms to negotiate power contracts with the state as the industry faces increasing challenges from rising costs.
US oil majors stay ahead of Europe as deals beat strategy pivot
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide.
TotalEnergies announces partnership in 3GW Attentive Energy wind farm
TotalEnergies will partner with offshore wind developer Corio Generation and electricity producer Rise Light & Power to develop the 3GW Attentive Energy wind farm in the United States.
First gas from Tyra expected in Q1 2024 ahead of ‘accelerated ramp up’
Start-up at the long-awaited Tyra redevelopment off Denmark is now expected in Q1 next year, according to project partner BlueNord.
TotalEnergies floats potential second Orange Basin development
“For me, it’s easier to develop offshore projects than onshore projects. Onshore there are stakeholders, who are more complex to manage.”
Seagreen wind farm now fully operational
Scotland’s largest offshore wind farm, Seagreen, is now fully operational, with all 114 Vestas V164-10.0 MW turbines installed at the site.
ConocoPhillips hits first gas on £1bn UK-Norway North Sea project
ConocoPhillips (NYSE: COP) has kicked off production at the Tommeliten A field, which crosses the border of the UK and Norway in the North Sea.
Total accused of manslaughter over Mozambique terrorist attack
The complaint accused the company of “involuntary manslaughter” and failing to assist someone who was in danger during the attack.
Total weighs selling stake in giant Scottish wind farm
TotalEnergies is weighing a sale of part of its stake in Scotland’s largest offshore wind farm, people with knowledge of the matter said.
BP hits key milestone on Northern Endurance CCS
BP (LON: BP) has hit a key milestone ahead of reaching a final investment decision on the Northern Endurance carbon capture and storage (CCS) project in the UK.
TotalEnergies pulls back from Canada with sales to ConocoPhillips, Suncor
TotalEnergies will sell its stake in a major oil sands project to ConocoPhillips, while its Canadian E&P arm will be bought by Suncor in deals worth over $4bn.
Natural hydrogen: Fairy gold or commercial reality?
Natural hydrogen was previously considered non-existent, or at least inaccessible, but could it have a role in the future energy system?
Deals, exits and administration open up North Sea M&A opportunities
Opportunities for M&A in the North Sea have opened up through a series of deals, an asset exit and a firm entering administration.