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TotalEnergies Signs Feedstock Deal for Biorefineries

“I am delighted with this strategic agreement with Quatra that contributes to our aim to secure the feedstock we need to produce biofuels in our biorefineries. The development of biofuels is one of our company’s strategic goals. By directly reducing the carbon intensity of the energy products used by our customers, we are actively working with them as part of our net zero approach, together with society”, Valérie Goff, Senior Vice President for Renewable Fuels & Chemicals at TotalEnergies, said.

SBM to become first FPSO operator in Suriname with TotalEnergies contract win

“This contract reinforces SBM Offshore’s long-term strategic partnership with TotalEnergies and marks a significant milestone as SBM Offshore becomes the first FPSO operator in Suriname,” SBM stated in a news release on Thursday. “It is a testimony to SBM Offshore’s focus on excellence throughout the entire project’s lifecycle, from the allocation of our eighth Fast4Ward® MPF hull to our extensive experience in asset management supporting TotalEnergies’ operations.”

TotalEnergies Exits Bonga Field in Nigeria

TotalEnergies SE has signed a deal to sell its 12.5 percent stake in Nigeria’s OML118 production sharing contract, which contains the producing Bonga field, to Shell PLC for $510 million.

The French company, through subsidiary TotalEnergies EP Nigeria Ltd., derived 11,000 barrels of oil equivalent a day (boed) from its share of production in the block, mainly oil, in 2024.

Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million

The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi (120 km) south of the Niger Delta in Nigeria, and contains the Bonga field, which started production in 2005, as well as the Bonga North field, the development of which started in 2024. Production from the OML 118 PSC, which is mainly oil, represents approximately 11,000 boed in TotalEnergies’ company share in 2024.

TotalEnergies Inaugurates Europe’s Largest Solar Park

TotalEnergies said it is developing a competitive portfolio that integrates renewable sources with flexible assets to provide clean, reliable power to its customers. By the end of March 2025, TotalEnergies said it expects to have 28 GW of installed gross renewable electricity generation capacity, aiming to achieve 35 GW by the end of 2025 and exceed 100 TWh of net electricity production by 2030.