“We have good knowledge of this field, having built the subsea tree systems for the original Girassol development. It gives us immense pride that our long-term clients continue to show trust and confidence in our solutions through subsequent awards.”
French supermajor TotalEnergies (Paris:TTE) has struck a deal to acquire a sizeable stake in a carbon storage licence offshore Norway.
Details on new infrastructure and Aberdeenshire landfall locations for emissions-busting project at Harbour Energy, BP, TotalEnergies and Shell platforms.
"This acquisition is also supported by the efforts undertaken with Inpex in the Bonaparte CCS Assessment joint venture to appraise the area’s potential for geological storage of CO2, in order to abate CO2 emissions from the Ichthys LNG project.”
Environmental regulator OPRED has opened up a public consultation on the new project which sits 29 miles off Shetland.
Changes to the UK's Emissions Trading Scheme will result in Supermajor TotalEnergies (XPAR:TTE) seeing a near £30 million hike in fees.
Transocean has reported the day rate for the rig is $365,000 under the one-well contract.
TotalEnergies (XPAR:TTE) has marked a milestone for its Ailsa floating storage and offloading (FSO) vessel in the North Sea.
Progress on protecting the climate could be at stake if the difficulties facing the offshore wind industry persist, RWE's head Markus Krebber said.
India’s Gautam Adani is prepared to go it alone in spending billions of dollars on developing green hydrogen in India, after TotalEnergies put a plan to partner in the venture on hold.
The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets.
A cohort of major energy sector names have rushed to back renewables developer Zhero Europe in its latest funding round.
Eskom has imposed conditions to access the national grid on 1,850 megawatts worth of projects in South Africa that developers including Karpowership and Electricite de France have struggled to complete since they were awarded in March 2021.
TotalEnergies is tendering for work for the disconnection, removal and recycling of the Gryphon Alpha FPSO stationed off Shetland in 2025.
“In September we’ll have the results of the first test, which is very important. Productivity per well is important, if it’s 15,000 barrels per day it’s fine, if it’s five, it’s not fine.”
In addition to these big ticket plans, the Total board approved the payment of 40% of cash flow to shareholders. The dividend increased 7.25% year on year, while another 2 billion euros was approved for buybacks.
The NGOs raised concerns beyond drilling, though. They predicted more than 2,000 truck trips per day may take place during work.
Total Eren has 3.5 GW of renewable capacity around the world. It also has another 10 GW of solar, wind, hydropower and storage projects in the pipeline, in 30 countries.
Plunging margins for petrochemicals are set to take a bite out of Big Oil’s quarterly profits, adding to the pain companies are feeling from lower oil and gas prices.
Namibia has recently gained significant attention as a result of the offshore discoveries by TotalEnergies and Shell in 2022. Namibia seems on its way to becoming a major oil and gas producer.
Other partners include Global Infrastructure Partners (GIP), GIC and Mubadala. These companies will provide $4.8bn and will receive 62.5% of funds generated from the Rio Grande LNG first phase. The largest commitment comes from GIP, which is stumping up $3.5bn.
TotalEnergies and BP were awarded rights for 7GW worth of offshore wind concessions in German waters, paying more than €12bn to secure the areas.
“At least three exploration wells offshore the Northern Cape province will be drilled in 2024 to prove the petroleum resource potential in the Orange Basin.”
The first was on increasing production at Tin Fouyé Tabankort (TFT). The two companies agreed to convert the TFT II and TFT Sud contracts to the new hydrocarbon law, which Algeria passed in December 2019.
Greenpeace said France must demonstrate LNG imports are “the best option available”. If it cannot do this, the NGO said, the directive from March 2023 on commissioning the Le Havre FSRU should be cancelled.