European refiners, including TotalEnergies and Neste, face significant drops in profit margins amid decreasing demand.
TotalEnergies
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In a significant development for Nigeria’s energy sector, the state-owned Nigerian National Petroleum Corporation (NNPC) announced a planned investment of $550 million with French energy giant TotalEnergies to develop a new gas processing facility in southern Rivers State. This project aims to address Nigeria’s challenges in harnessing its vast gas reserves and boost both exports and domestic supply.
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The French Senate recommends a strategic share in TotalEnergies to assert government control and guide the company’s alignment with national climate policies
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TotalEnergies and Air Products sign a 15-year agreement to supply 70,000 tons of green hydrogen annually, enhancing platinum demand.
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French prosecutors investigate TotalEnergies for its role in the deadly 2021 jihadist attack in Mozambique, highlighting alleged negligence and lack of safety measures.
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Environmental advocacy groups have taken legal action, approaching the High Court, to challenge TotalEnergies’ plans for drilling off the coast of Cape Town. This move signals growing concerns over the…
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TotalEnergies and QatarEnergy have announced a deal to acquire stakes in a promising offshore exploration license in South Africa, expanding their presence in the Orange Basin. The two energy giants…
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Energy Transition
Africa’s Green Energy Projects Stalled by IMF Debt Rules, Says TotalEnergies CEO
Africa has enormous potential for renewable energy projects, but many of them are being held back by the International Monetary Fund (IMF), according to Patrick Pouyanne, the CEO of TotalEnergies.…
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Eni and TotalEnergies have announced a major success in their exploration activities in Block 6 offshore Cyprus, where they have made a significant gas discovery at the Cronos-2 well. The…
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TotalEnergies CEO expresses unwavering confidence in Namibian drilling prospects, reinforcing company’s exploration endeavors.