Energy major TotalEnergies has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the east coast of Orkney, Scotland, with wave power from Mocean Energy and intelligent subsea energy storage from Verlume. The £2million demonstrator initiative has connected the Blue X wave energy converter – built by Edinburgh company Mocean Energy – with ...
TotalEnergies has announced a $1.6 billion deal with Global Infrastructure Partners (GIP) to acquire 50% of the US’ fifth-largest renewables developer, Clearway Energy Group (CEG). The supermajor said the deal was its largest renewables acquisition in the US so far. The San Francisco-headquartered developer controls and owns 42% of its listed subsidiary, Clearway Energy (CWEN), into which projects are dropped …
French oil giant TotalEnergies (LON: TTE) has confirmed construction has kicked off on the Eolmed floating offshore wind farm. Operated by Qair, the supermajor has a 20% stake in the 30 megawatt (MW) project, which is located more than 10 miles off the south coast of France. Eolmed is expected to start up production in 2024. It will consist of three 10 …
Maersk Drilling has landed a 19-monthplugging and abandonment (P&A) contract with TotalEnergies and Petrogas through a rig-sharing agreement. The deal, worth $43 million excluding bonuses, is expected to begin in Q2/Q3 this year for the Maersk Resolute jack-up, kicking off directly after its current contract with ONE-Dyas. Maersk Drilling will decommission 11 wells for TotalEnergies and 20 wells with Petrogas, all …
01/02/2022
FID at last for $10bn Lake Albert project
TotalEnergies and CNOOC Ltd have taken the final investment decision (FID) on Uganda’s Lake Albert development, finally triggering the start of work on the 240,000 barrel per day project. Ugandan President Yoweri Museveni, Tanzanian Vice President Philip Mpango and TotalEnergies head Patrick Pouyanné attended the ceremony this morning. The launch was held at the Kololo Independence Grounds, in Kampala. “I’m …
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million). Kistos, headed up by former RockRose Energy CEO Andrew Austin, will take up interests in the Greater Laggan Area fields and the Shetland Gas Plant, as well as interests in nearby …