TotalEnergies

French oil major TotalEnergies has announced plans to sell its minority stake in a major Nigerian oil joint venture. The firm said it wants to divest its share of Shell Petroleum Development Company of Nigeria Limited (SPDC) and is looking to reshape its portfolio since producing oil in the Niger Delta is not in line with its health, security and environmental policies. “We want to divest our share of SPDC, and we are looking to reshape the portfolio. “Fundamentally it’s because producing this oil in the Niger…

TotalEnergies said it would increase its dividend and investor payouts this year, after it posted profits of more than $5 billion in the fourth-quarter, below expectations. TotalEnergies said it would increase its dividend and investor payouts this year, after it posted profits of more than $5 billion in the fourth-quarter, below expectations. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the…

TotalEnergies said it would invest as much as $6 billion in Africa’s biggest oil producer in the years ahead. The energy firm said it will target deep-water projects and gas production at a time when international oil companies (IOCs) are shifting attention away from onshore to offshore operations in Nigeria. CEO Patrick Pouyanne told President Bola Tinubu during a meeting in Abuja on Monday that the French company is in support of the current administration’s policies and push to resolve insecurity issues in the…

The Deputy Managing Director, Deepwater Asset, TotalEnergies Upstream Nigeria Limited (TUPNI), Victor Bandele, has expressed appreciation to the Group Chief Executive Officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, over his intervention that unlocked 30,000 barrels per day of new oil from the Egina and Akpo fields expected before the end of the year 2023. Specifically, he thanked Mr Kyari, for enabling the deepwater Production Sharing Contract (PSC) to engage the services of Gerry…

The Board of Directors of TotalEnergies on Thursday announced the appointment of Bunmi Popoola-Mordi to its board as an executive director. Mrs Popoola-Mordi was appointed executive director of Human Resources & Corporate Services effective 1 April. TotalEnergies made the disclosure in a statement posted to the Nigerian Exchange Limited (NGX), signed by company chairman Jean-Philippe Torres. Mrs Popoola-Mordi is a Law graduate, a member of the Nigerian Bar Association and a Fellow of the Institute of…

Listed companies issued their full-year earnings reports in a flurry last week as they raced to meet the 31 March deadline. A good number of financial reports came out strong, some accompanied with proposals of cash rewards for shareholders, a decision likely to shape the direction the market could be heading this week. As investors and fund managers look to position themselves for dividends and price appreciation, a key factor to consider is to pick stocks with strong fundamentals. PREMIUM TIMES has assembled a…

TotalEnergies Nigeria said that it had ended routine gas flaring in Nigeria this year.Mike Sangster, the managing director, TotalEnergies EP Nigeria Ltd., said this at the International Oil Companies (IOC) panel session during the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos on Wednesday. Mr Sangster, represented by Victor Bandele, deputy managing director, TotalEnergies EP Nigeria, said that the company had come to stay in Nigeria in terms of gas exploration and…

PARIS— TotalEnergies TTE -0.99% plans to book a $3.7 billion impairment on its stake in PAO Novatek and withdraw its directors from the Russian gas producer’s board, as part of its efforts to scale back its business in Russia following the invasion of Ukraine. The Paris-based oil-and-gas major said it would write down the value of its 19.4% stake in Novatek, booking the accounting charge in the fourth quarter. That takes TotalEnergies’…

TotalEnergies announced the construction of a new production line of high-performance recycled polypropylene for automotive in its polymer plant in Carling, France. Since 2016, the Carling–Saint-Avold petrochemical platform has been producing value added compounds primarily for the automotive industry. The startup of a new line dedicated to hybrid compounds will consolidate the platform’s position of a leading polymers site…

Pierre Duhot, Senior VP TotalEnergies Lubrifiants of TotalEnergies and Francisco Moreno, President of Valeo’s Thermal Systems Business Group TotalEnergies and Valeo have signed an agreement to develop what they describe as an innovative way of cooling electric vehicle batteries using a new, very high-performance ‘dielectric fluid’. The companies say dielectric materials do not conduct electricity and…