TotalEnergies SE said Friday it was suspending production in Qatar, Iraq and the Emirati offshore but assured growth elsewhere and a surge in oil prices cushion the company from the Middle East war.
TotalEnergies SE and its partners have started up the Lapa Southwest project, increasing production capacity in the Lapa field in the Santos basin offshore Brazil to about 60,000 barrels per day (bpd) of oil.
TotalEnergies has shut down operations in the Middle East for approximately 15% of its total production, the company has said in a statement outlining its exposure to the US-Iran war.
TotalEnergies has restarted production at the Mabruk oil field in Libya, returning the onshore asset to service more than a decade after operations were halted.
TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, about 300 km (186 miles) offshore, adding new output to the company’s existing Lapa field operations.
Glenfarne Group’s subsidiary, Alaska LNG LLC, has signed a letter of intent with TotalEnergies to supply 2 million tpy of LNG for 20 years, pending project approval.
Glenfarne Group LLC has executed a letter of intent with TotalEnergies SE for the French energy giant to buy 2 million metric tons per annum (MMtpa) of liquefied natural gas over 20 years from the under-development Alaska LNG.
TotalEnergies EP Nigeria Limited, the upstream arm of TotalEnergies companies in Nigeria, has reaffirmed its commitment to expanding Nigeria’s energy supply through a strong focus on growing the country’s oil and gas production and expanding electricity generation while reducing the carbon intensity of its operations.
French supermajor TotalEnergies has taken full control of a refinery in Zeeland, the Netherlands, which it co-owned with Russia’s Lukoil, Reuters has reported, citing two unnamed sources.
TotalEnergies is expanding its exploration portfolio offshore Namibia with acreage north of a block where a major oil discovery has been made, as the supermajor looks to boost activity in the new global exploration hotspot.