TotalEnergies SA

Global Markets: TotalEnergies flags higher production, gas sales ahead of Q1 results

Posted on by Mozambique Resources Post
Global Markets: TotalEnergies flags higher production, gas sales ahead of Q1 results

TotalEnergies (TTEF.PA) boosted production and benefited from better gas sales in the first three months of 2025, though its refining branch is still recovering from an industry-wide drop in profitability, it said in a trading update on Tuesday. The French oil major’s shares were up 0.5% at 1035GMT. It is due to report first-quarter results on April 30. Oddo BHF analyst Ahmed Ben Salem said that among energy firms TotalEnergies “is the most resilient in a weaker macro…

Read More

Africa: TotalEnergies to withdrawal from South African offshore block

Posted on by Mozambique Resources Post
Africa: TotalEnergies to withdrawal from South African offshore block

CAPE TOWN, July 29 (Reuters) – French oil major TotalEnergies (TTEF.PA), opens new tab said on Monday it would withdraw from an offshore natural gas block off South Africa’s southern coast because developing the finds commercially would be too difficult. Earlier this month, TotalEnergies had signalled its intention to withdraw from Block 11B/12B, dealing a blow to South Africa’s efforts to become energy independent by developing its largest offshore gas discoveries ever. “TotalEnergies entered into Block 11B/12B in 2013…

Read More

Africa: TotalEnergies to Exit Gas Field Offshore South Africa

Posted on by Mozambique Resources Post
Africa: TotalEnergies to Exit Gas Field Offshore South Africa

French oil major TotalEnergies has notified South Africa’s petroleum regulator that it intends to withdraw from its 11B/12B offshore gas field but has yet to submit a formal request to do so, a source at Petroleum Agency SA said. TotalEnergies discovered the first of two large mainly gas finds in Block 11B/12B offshore the southern coast in 2019, and the withdrawal is a setback for South Africa which was banking on the gas potentially supplying an…

Read More

Global Markets: TotalEnergies Acquires Finnish Base Oil Reprocessing Firm

Posted on by Mozambique Resources Post
Global Markets: TotalEnergies Acquires Finnish Base Oil Reprocessing Firm

TotalEnergies SE has acquired Tecoil, a Finnish company specialized in the production of re-refined base oils (RRBOs), which the company says has the most efficient used oil regeneration process on the market today. Tecoil currently operates a production facility of 50,000 tons of RRBOs per year in Hamina, eastern Finland. Tecoil has developed its own circular economy network for collecting used lubricants in Europe and supplying its plant, TotalEnergies said in a news release. Through…

Read More