The acquisition from Swiss asset manager Partners Group was announced in tandem with a divestment of 50% of a 2-GW portfolio of solar and battery energy storage systems (BESS) projects in Texas.
The Rabigh 2 solar project was awarded in the fifth round of the Ministry of Energy’s National Renewable Energy Program, which envisions the country’s power generation coming 50-50 from gas and renewables by 2030.
The partners will deploy TotalEnergies’ pioneering Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) gas analysis technology at Oil India sites. The drone-mounted AUSEA is a dual sensor capable of detecting methane and carbon dioxide emissions while at the same time identifying their source.
These huge deals followed hot on the heels of 14 other major Iraqi oil and gas concessions awarded to Chinese companies in May and dozens more before then
TotalEnergies SE has signed an agreement to buy a 45 percent stake in dry gas-producing assets in the Eagle Ford basin from Lewis Energy Group, its second acquisition in the shale play in Texas this year after an earlier deal with the same company.
Fenix field is part of Argentina’s Cuenca Marina Austral 1 concession, where TotalEnergies is operator
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana, has announced completion of a farm down of a 13.75% participating interest in Block 3B/4B offshore the Republic of South Africa and transfer of operatorship of the Block after receipt of the requisite regulatory approvals from the government of South Africa. Eco now holds a 6.25% interest in Block 3B/4B.
Eco (Atlantic) Oil & Gas has completed a farm down of a 13.75% participating interest in Block 3B/4B offshore South Africa to TotalEnergies and QatarEnergy.
With oil, gas, and liquefied natural gas (LNG) still running the global energy show as the crown jewels within the ebbs and flows in the worldwide energy demand, the European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have collected a staggering $31.65 billion in combined profit during the second quarter of 2024. BP, Shell, Eni, ExxonMobil, and Conoco Phillips are among the lucky ones, which beat analysts’ expectations. However, TotalEnergies and Chevron got the shorter end of the stick with their financial performance falling below forecasts.
Offshore drilling contractor Northern Ocean announced an extension of the contract with a subsidiary of TotalEnergies SE for continued work in Africa using the Deepsea Mira drilling rig.