Latest news with #PatrickPouyanné
CNBC
5 days ago
- Business
- CNBC
TotalEnergies CEO: Growth in LNG demand will come from Asia
TotalEnergies CEO Patrick Pouyanné joins CNBC's JP Ong at the Energy Asia conference to discuss the impact of the Israel-Iran conflict on energy markets and the company's Asia strategy.
Business Wire
5 days ago
- Business
- Business Wire
Algeria: TotalEnergies is Granted a New Exploration License
PARIS--(BUSINESS WIRE)-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), jointly with QatarEnergy, has been awarded the Ahara license following the 'Algeria Bid Round 2024', launched by The National Agency for the Valorization of Hydrocarbon Resources (ALNAFT), the first call for tender conducted under the hydrocarbon law No.19-13. Ahara is a large license covering an area of approximately 14,900 km², located at the intersection of the prolific Berkine and Illizi Basins. TotalEnergies will serve as the operator during the Exploration and Appraisal phases of this license with a 24.5% effective interest, the same share as QatarEnergy (24.5%). The national company SONATRACH will retain a majority interest of 51%, in accordance with Algerian law. 'TotalEnergies is delighted that its joint bid with QatarEnergy has led to the award of the Ahara license, allowing us to write a new chapter in our long-lasting partnership with SONATRACH in Exploration in Algeria', said Patrick Pouyanné, Chairman and CEO of TotalEnergies. *** About TotalEnergies in Algeria TotalEnergies is a long-standing player in the Algerian energy sector. Present in the country through its various subsidiaries. The Company is active in oil and gas exploration and production through its interests in the Tin Fouyé Tabankort and Timimoun gas fields, the Berkine Basin oil fields (Blocks 404a and 208) and liquefied natural gas via supply contracts with Sonatrach. In 2023, the Company produced 51 kboe/d (group share) in Algeria through its interests in the TFT II and Timimoun gas fields and in the Berkine Basin oil fields (blocks 404a and 208). Downstream, TotalEnergies Lubrifiants Algérie SPA and TotalEnergies Bitumes Algérie SPA market lubricants and bitumen. This integrated model ensures synergies between the various activities and provides a comprehensive offering based on innovation, complementarity, and value creation. TotalEnergies is committed to supporting economic development by launching new investment programs that contribute to the country's development. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@
CNBC
5 days ago
- Business
- CNBC
Markets are relatively quiet at this stage: TotalEnergies CEO
TotalEnergies CEO Patrick Pouyanné joins CNBC's JP Ong at the Energy Asia conference to discuss the oil market impact of the conflict between Israel and Iran.
Yahoo
6 days ago
- Business
- Yahoo
TotalEnergies acquires blocks in Malaysia and Indonesia
TotalEnergies has acquired interests in several offshore blocks in Malaysia and one block in Indonesia from Petronas. The licences span more than 100,000km² and are in various stages of development. Under the agreement, TotalEnergies will operate a 50% interest in Blocks SK301b and SK313 in in Malaysia alongside Petronas Carigali, a subsidiary of Petronas. The blocks contain estimated gas reserves exceeding four trillion cubic feet, with development aimed at contributing to Malaysia's liquefied natural gas (LNG) exports from 2030. In addition to the operated blocks, TotalEnergies will also hold interests in several exploration blocks offshore Malaysia. The completion of this transaction is pending customary conditions including regulatory approvals. This development follows the acquisition of SapuraOMV in December 2024 and reinforces TotalEnergies' position in South East Asia, with Malaysia serving as a strategic hub in partnership with Petronas. A strategic cooperation agreement has been signed by Patrick Pouyanné, chairman and CEO of TotalEnergies, and Tan Sri Tengku Muhammad Taufik, president and Group CEO of Petronas, to further bolster their collaboration in exploration and production businesses globally. Pouyanné said: "TotalEnergies has established itself as a significant gas producer in Malaysia. We are pleased to further expand our presence in the country, which we see as a strategic platform for our future low-cost, low-carbon production and cash flow growth, underpinned by the exposure to Asian LNG market. 'TotalEnergies and Petronas' strategic collaboration, which extends well beyond Malaysia through our multiple joint ventures worldwide, enables us to access a large and diverse portfolio in the country, spanning from exploration to production.' TotalEnergies has entered into an agreement to acquire a 24.5% interest in the Bobara block offshore Indonesia from Petronas. Taufik added: 'For a long time, Petronas and TotalEnergies have demonstrated how complementary strengths can unlock new opportunities. Today's signing marks another significant step forward in our shared commitment to responsible growth and long-term value creation. "Together, we will pursue and develop advantaged barrels across Malaysia's and Indonesia's frontier emerging exploration blocks. Our focus is on maximising high commercial potential while delivering sustainable value for all stakeholders.' "TotalEnergies acquires blocks in Malaysia and Indonesia" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
6 days ago
- Business
- The Star
TotalEnergies acquires interest in various blocks offshore Malaysia from PETRONAS
PETALING JAYA: TotalEnergies SE enlarged its upstream portfolio in Malaysia through the acquisition of interest in several offshore blocks from Petroliam Nasional Bhd (PETRONAS). In a statement, PETRONAS said it inked a strategic cooperation agreement (SCA) and two farm out agreements (FOAs) with TotalEnergies to 'broaden their upstream collaboration in Malaysia'. The national oil company added the agreements 'build on the longstanding partnership between the two companies with the SCA outlining potential opportunities both internationally and domestically in strategic areas that cover exploration and production, gas and liquefied natural gas (LNG), carbon footprint reduction and cooperation. For the offshore blocks in the country, PETRONAS, through its wholly-owned subsidiary, PETRONAS Carigali Sdn Bhd and TotalEnergies EP Malaysia will jointly explore several offshore exploration blocks across the country's 'most prospective' hydrocarbon basins. 'This strategic partnership combines PETRONAS' exploration and operational expertise with TotalEnergies' technical capabilities to optimise exploration efficiency and sustainably develop Malaysia's hydrocarbon resources,' PETRONAS said. Meanwhile, in Indonesia, PETRONAS through its wholly-owned subsidiary, PETRONAS Energy Bobara Sdn Bhd and TotalEnergies have successfully finalised the terms of an FOA for the Bobara production sharing contract (PSC). 'This collaboration aims to leverage the combined expertise of both companies to unlock a new hydrocarbon resource in Bobara, a frontier ultra-deepwater block located in the Eastern Indonesia region,' PETRONAS stated. Relevant transactions are currently pending regulatory approvals. PETRONAS president and group chief executive officer Tan Sri Tengku Muhammad Taufik Tengku Aziz said the signing marks another 'significant step forward' in their shared commitment to responsible growth and long-term value creation. 'Together, we will pursue and develop advantaged barrels across Malaysia's and Indonesia's frontier exploration blocks. Our focus is on maximising high commercial potential while delivering sustainable value for all stakeholders,' he said. TotalEnergies chief executive officer and chairman, Patrick Pouyanné, said the company's strategic collaboration with PETRONAS, which extends well beyond Malaysia through its multiple joint ventures worldwide, enables the group to access a large and diverse portfolio in the country, spanning from exploration to production. 'TotalEnergies has established itself as a significant gas producer in Malaysia. We are pleased to further expand our presence in the country, which we see as a strategic platform for our future low-cost, low-carbon production and cash-flow growth, underpinned by the exposure to the Asian LNG market,' he said.
