PARIS: TotalEnergies (NYSE:TTE) has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustments. Closing is expected in the second half of 2024. This agreement follows a first agreement…
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TotalEnergies expands its natural gas production in Texas
PARIS: TotalEnergies has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play, increasing its natural gas production capacity in Texas and further strengthening its business integration in the U.S. LNG value chain. Located in Texas, the Dorado…
TotalEnergies launches new battery storage project in Belgium
PARIS: During Belgian Energy Minister Tinne Van der Straeten’s visit to TotalEnergies’ Antwerp refinery, the energy giant unveiled plans for a new battery storage project in Feluy, Belgium. This initiative, featuring a 25 MW power rating and 75 MWh capacity courtesy of Saft’s lithium-ion technology, is set to launch by late 2025. With a €70…
TotalEnergies restarts gas production from Tyra hub in the Danish North Sea
PARIS: TotalEnergies announced the restart of production from the Tyra hub in the Danish North Sea, after the completion of a major redevelopment project of this hub. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day, once again making Denmark self-sufficient and a net…
TotalEnergies has acquired American company, Talos Low Carbon Solutions
PARIS: To bolster its carbon capture and storage (CCS) capabilities, TotalEnergies has announced the complete acquisition of Talos Low Carbon Solutions, a pioneering American company in the CCS sector. This acquisition positions TotalEnergies with a 25% stake in the Bayou Bend CCS project, a significant venture along the Texas Gulf Coast, in partnership with Chevron…
Airbus and TotalEnergies join forces to decarbonize aviation with sustainable fuels
PARIS, FRANCE: Airbus and TotalEnergies have announced a strategic partnership to develop and supply sustainable aviation fuels (SAF) for the aviation industry. The partnership aims to help achieve net carbon neutrality of aviation by 2050, by reducing CO2 emissions up to 90% compared to fossil fuels, a financial news announcement noted. The partnership will focus…
TotalEnergies buys 50% stake in Malaysian gas producer, SapuraOMV, for $903 million
PARIS, FRANCE: TotalEnergies, a French energy giant, has agreed to acquire a 50% stake in SapuraOMV, a Malaysian gas producer and operator, for $903 million. The deal includes the transfer of a $350 million loan from OMV, an Austrian oil and gas company, to SapuraOMV. The acquisition will give TotalEnergies access to SapuraOMV’s main assets…
TotalEnergies buys Kyon Energy, a leading battery storage developer in Germany
PARIS, FRANCE: TotalEnergies, a French energy giant, has acquired Kyon Energy, a German company that specializes in battery storage systems, for €90 million plus some performance-based payments. Kyon Energy, founded in 2021, has developed 770 MW of battery projects, of which 120 MW are operational, 350 MW are under construction, and 300 MW are ready…
TotalEnergies completes €3.1 billion deal with Couche-Tard
PARIS, FRANCE: TotalEnergies, a global multi-energy company, announced today that it has completed the sale of its retail networks in Germany, the Netherlands, Belgium and Luxembourg to Alimentation Couche-Tard, a Canadian convenience store operator. The deal, which was signed in March 2023, was based on an enterprise value of €3.1 billion (equivalent to more than…
TotalenErgies acquires 3 start-ups in the electricity business
PARIS, FRANCE: TotalEnergies has acquired three start-ups that have benefited from its TotalEnergies On acceleration program based at STATION F in Paris. The success of the collaborations and tests carried out during their participation in the program has led TotalEnergies to negotiate their acquisition and integration into its business units which with they collaborated. With…
TotalEnergies launches in-depot charging for electric trucks
PARIS, FRANCE: TotalEnergies announced today at the SOLUTRANS road and urban transportation trade show that it has launched a new service for electric truck charging in depots. This service will help transporters switch to electric mobility by providing them with customized charging infrastructure that meets their needs. TotalEnergies has designed an in-depot charging service that…
TotalEnergies to acquire for $635mn gas-fired power plants in Texas
PARIS, FRANCE: TotalEnergies has signed an agreement with TexGen, a U.S.-based company to acquire for $635 million three gas-fired power plants with a total capacity of 1.5 GW in Texas. The three plants, which are connected to ERCOT (Electric Reliability Council of Texas), the second largest power market in the United States, consist of the…