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[waldron] 25/10/2021 14:18

Home Saudi Arabia Aramco, TotalEnergies Launch First... 25 Oct, 2021

Dharan - SPA

Aramco, TotalEnergies Launch First Two Service Stations of their Joint Retail Network in Saudi Arabia

Aramco and TotalEnergies have launched the first two service stations of their joint retail network in Riyadh, Saudi Arabia’s capital, and Saihat, in the country’s Eastern Province. It follows the signing of a 50:50 Joint Venture (JV) Agreement between Aramco and TotalEnergies in 2019, with plans to significantly upgrade a network of 270 service stations and expand the range of quality retail services available across the Kingdom of Saudi Arabia.

This network will comprise Aramco or TotalEnergies branded stations, providing motorists with premium fuels and retail services.

Aramco's President and CEO Eng. Amin H. Nasser, said: “The opening of the first service stations marks an important milestone as we continue to expand our presence in the Kingdom’s downstream value chain. With our longstanding partner TotalEnergies, we are creating a premium network that will enhance the experience of Saudi Arabia’s motorists and travelers. As the Kingdom scales up tourism projects, we can expect domestic travel to increase, along with demand for hospitality and travel services. With our entry into retail, we aim to deliver the best experience possible for customers, while creating opportunities for Saudis to pursue careers in retail and marketing.”

For his part, Chairman and CEO of TotalEnergies Patrick Pouyanné, present at the inauguration ceremony in Riyadh, said: “We aim to provide our new Saudi customers with clean, reliable and accessible energy.’’ “The opening of these two first stations is another step forward in reaffirming our long-standing partnership with Aramco, following our joint investments in SATORP since 2008. I am delighted that this also marks a new milestone in our four decades-long presence in Saudi Arabia, contributing to the local economy of Saudi Arabia.”

Operating under both brands, customers can expect the same high level of service, including quality fuels, one-stop convenience stores, efficient automotive services such as oil change and car wash, loyalty programs and a fully digitalized customer journey. The TotalEnergies stations will house Bonjour Café, while the Aramco stations will feature Fai Café, where customers can enjoy freshly baked pastries, premium coffee and relax while waiting for their vehicles. The stations are also equipped with solar panels, in line with the Saudi Green Initiative’s goals

[grupo guitarlumber] 24/10/2021 15:52

Upcoming events on TOTAL SE



10/28
2021
Third Quarter 2021 Results

[grupo guitarlumber] 21/10/2021 15:49

i wonder whether cop 26 will have an adverse effect on the Oil MAJORS

The 2021 United Nations Climate Change Conference, also known as COP26, is the 26th United Nations Climate Change conference. It is scheduled to be held in the city of Glasgow, Scotland between 31 October and 12 November 2021, under the presidency of the United Kingdom.

[waldron] 20/10/2021 14:19

French oil giant Total covered up climate risks 50 years ago: report

Issued on: 20/10/2021 - 15:10

Total minimised the climate emergency by promoting policies that “delayed fossil fuel control” while increasing their investments in oil and gas production, the researchers found.


Amanda Morrow with RFI

2 min

The French oil and gas giant Total knew how harmful its activities were for the climate in the early 1970s but chose to keep the information under wraps, French researches have learned.



Using internal company documents and interviews with former company executives, three historians on Wednesday published the findings of their work in the peer-reviewed journal Global Environment Change.

In 1971, an internal magazine by Total explained that burning fossil fuels caused the release of “enormous amounts of carbon dioxide" in the atmosphere, the consequences of which were potentially “catastrophic”.

However the company, now rebranded as TotalEnergies, "began promoting doubt regarding the scientific basis for global warming by the late 1980s," the researchers found.

Over the next 17 years, its internal magazine never again mentioned the issue of climate change. Total and Elf, the company it merged with in 1999, perceived the science as a “very real threat” to their business, the researchers added.


Sowing doubt

In the early 1990s, ahead of the Rio Earth Summit, Total's environmental director, Jean-Philippe Caruette, wrote in the company’s magazine: "There is no certainty about the impact of human activities [on global warming], including the combustion of fossil fuels.”

However by the late 1990s, when the UN's IPCC climate experts published their first report and the Kyoto Protocol was adopted, Total publicly accepted climate science.



They did this while still minimising the climate emergency by promoting policies that “delayed fossil fuel control” and increasing their investments in oil and gas production, the researchers found.

A new strategy followed in 2006, when Total hosted a conference on climate change and its CEO acknowledged the reality of climate change and the conclusions of the IPCC.

Rebranding

This year saw the birth of TotalEnergies, renamed in a bid to promote a shift towards renewable energy, which the company said would account for 20 percent of investment in 2021.

However it’s also projected an increase of 50 percent of oil and gas between 2015 and 2030, the researchers said.

In a statement sent to AFP, a spokesman for Total said the company had not seen the study and therefore could not respond.

The trio behind the research was Christophe Bonneuil, of the CNRS, Pierre-Louis Choquet, a sociologist at Sciences Po, and Benjamin Franta, a researcher in history at Stanford University in the United States.

Their work follows similar revelations about US oil giant ExxonMobil and Royal Dutch Shell – a pattern that shows oil and gas giants have been undermining confidence in climate science despite being informed by their own scientists of the dire risks posed by rising temperatures.

[waldron] 19/10/2021 12:25

hazl
19 Oct '21 - 11:49 - 12767 of 12768
0 0 0
BP PLC said Tuesday that the U.K.'s East Coast Cluster industrial decarbonization project has been named as one of the country's first two carbon capture, usage and storage clusters by the government's Department for Business, Energy and Industrial Strategy, or BEIS.

The decision taken by BEIS is a major step in achieving the government's target of establishing the first net zero carbon industrial cluster in the U.K. by 2040, BP said.

The East Coast Cluster is enabled by the Northern Endurance Partnership, which is led by BP as its operator.

The project is a collaboration between BP, ENI SpA, Equinor ASA, National Grid PLC, Royal Dutch Shell PLC and TotalEnergies SE, the British oil-and-gas major said.

"Once operational, the cluster has the potential to transport and securely store nearly 50% of all U.K. industrial cluster CO2 emissions, up to 27 million [metric] tons of CO2 emissions a year by 2030," it said.

[waldron] 18/10/2021 11:40

Already positive, the research from Barclays and its analyst Lydia Rainforth still consider the stock as a Buy opportunity. The target price remains set at EUR 55.

[waldron] 18/10/2021 11:38

In his latest research note, analyst Biraj Borkhataria confirms his positive recommendation. The broker RBC is keeping its Buy rating. The target price is unchanged at EUR 54.

[grupo guitarlumber] 16/10/2021 00:38

JP Morgan confirms his opinion on the stock and remains Neutral. The target price is unchanged at EUR 52.

[sarkasm] 16/10/2021 00:32

In his latest research note, analyst Biraj Borkhataria confirms his positive recommendation. The broker RBC is keeping its Buy rating. The target price is unchanged at EUR 54.

[waldron] 15/10/2021 18:03

TotalEnergies exercises option for Maersk Voyager
Oct. 15, 2021
TotalEnergies E&P Angola exercised an option for use of Maersk Drilling’s Maersk Voyager drillship for the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48.
OGJ editors

TotalEnergies E&P Angola exercised an option for use of Maersk Drilling’s Maersk Voyager drillship for the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48.

The well will be drilled at a new world record water depth of 3,628 m, the service provider said in a release Oct. 15. The current world record is 3,400 m, set by Maersk Voyager’s sister drillship Maersk Venturer when it drilled the Raya-1 well for TotalEnergies, offshore Uruguay in 2016.

Work on Ondjaba-1 began in October. The contract extension has an estimated duration of 54 days to February 2022. The rig is next scheduled to move to Namibia to drill the Venus well. One one-well option remains on the contract.

[grupo guitarlumber] 15/10/2021 09:48

looking good, much improvement

[grupo guitarlumber] 15/10/2021 09:45

[France] TOTALENERGIES SE (TTE)

Real-time Quote. Real-time Euronext Paris - 10/15 09:44:10 am

44.235 EUR +0.99%

[waldron] 15/10/2021 08:04

TotalEnergies: Berenberg remains with retained ,but target raised from 43 to 50 EUR.

[waldron] 14/10/2021 06:56

Total Sees Oil Demand Peaking Before 2030 in Clean-Power Switch

Francois de Beaupuy, Bloomberg News

French energy giant TotalEnergies will probably aim to cut the carbon emissions of its clients at a faster pace by 2030 if the European Union adopts more ambitious regulations to fight global warming, Chief Executive Officer Patrick Pouyanne said.

(Bloomberg) -- French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, sooner than it previously forecast, as more nations crack down on fossil fuels to fight global warming.

The oil major’s 2021 Energy Outlook, which includes net-zero pledges unveiled by several countries since the presentation of last year’s edition, assumes oil demand plateauing before 2030 and declining afterwards both in the group’s “Momentum̶1; and “Rupture”; scenarios, the company said Monday in a statement.

Total’s base-case scenario in its 2020 Energy Outlook was for crude demand to level out around 2030 and slowly decline afterwards. The company also cut its forecast for global emissions, reflecting pledges from major companies to become carbon neutral in coming decades.

As a result, this year’s edition raises “considerably” the forecast for solar and wind investments by the middle of the century as governments increasingly ban the sale of internal combustion vehicles and single-use plastics.

[waldron] 13/10/2021 08:10

NEXT DIVIDEND EARY JANUARY 2022

[grupo guitarlumber] 12/10/2021 08:14

* TOTALENERGIES SE - Morgan Stanley raises its price target to 50.3 euros
from 44 euros.

[waldron] 12/10/2021 07:21

UPSTREAM


TotalEnergies in electric mobility pact with China Three Gorges

The 50-50 JV will develop electric vehicle high power charging infrastructure and services in China’s Hubei province.

Related news


12 October 2021 1:54 GMT Updated 12 October 2021 1:58 GMT
By Xu Yihe
in Singapore

TotalEnergieshas established a joint venture with China Three Gorges (CTG) in electric mobility in China, second such development in Asia for the French supermajor over the last three months.

The 50-50 JV will develop electric vehicle high power charging infrastructure and services in China’s Hubei province, through the installation and operation of more than 11,000 high power charge points by 2025.



The new venture builds on TotalEnergies’ expertise in electric mobility and CTG's strong capability in green energy production and supply.

'I don't see it,' says Pouyanne on IEA forecast


The two companies intend to develop co-branded high power charging hubs and standalone stations, open to the general public, equipped with 60 kilowatts to 120 kW power charge points and with an average hosting capacity ranging between 20 to 50 vehicles each.

The partners will also build dedicated charging stations on the premises of business-to-business customers, to meet their needs.

In line with the partners’ respective ambitions to carbon neutrality, the electricity used to power this new network will be produced mostly from renewable sources.

Based on China’s ambition to be carbon net neutral by 2060 and a fast-growing energy demand for mobility, China’s EV penetration rate is expected to increase dramatically over the coming years, requiring a rapid expansion of the existing fast-charging network.

This partnership with CTG opens new doors to TotalEnergies for a long term and widened cooperation with a leader of China’s electric energy, said Alexis Vovk, president marketing & services at TotalEnergies.
CNOOC Ltd makes offshore wind splash in new pact with Three Gorges
Read more

Jin Heping, CTG’s chief information officer, highlighted demand for technological innovation in the fields of big data platforms, equipment system integration and solar energy storage and charging microgrids.

CTG, the operator of the Three Gorges Dam, is China’s largest clean energy corporation and the world largest hydro-power producer. It has developed more than 30 gigawatts of hydro, wind and solar power generation capacities in China and overseas over the past five years.

TotalEnergies, led by chief executive Patrick Pouyanne, already has a large portfolio of EV charge points currently in operation or in the process of being installed with 22,000 in Amsterdam, 3000 in Antwerp, 2300 in Paris and 1700 in London.

In July this year, TotalEnergies also acquired Singapore’s largest EV charge network with 1500 points.

[waldron] 11/10/2021 06:41

dailynews.lk

Total Energies SE and ExxonMobil in bidding process

For extracting oil and gas resources hidden in Mannar Basin

Monday, October 11, 2021 - 01:0


Two international oil drilling companies have responded positively to further explore the possibility of extracting oil and gas resources hidden in the Mannar Basin, said Energy Minister Udaya Gammanpila.

He said that there are strong indications that over US $267 billion worth of oil and gas resources are in the Mannar Basin which could generate three times the country’s total debt and that to extract this over USD 3 million which is twice the investment of Colombo Port City the largest project in Sri Lanka to date is needed and for this foreign assistance is required for technical knowhow and investments. Hence we are in talks with Total Energies SE, a French multinational integrated oil and Gas Company founded in 1924 and US-based ExxonMobil is one of the world’s largest publicly traded international oil and gas companies in this regard. He said that to ensure the smooth function of this historic operation a new bill which seeks to regulate and manage the exploration of petroleum resources, including the establishment of the Petroleum Development Authority of Sri Lanka, was passed in parliament.

Although our neighbouring country India has been extracting oil and gas from the seas close to Sri Lanka since the 1940s, Sri Lanka has missed it due to various reasons. “Mannar basin is close to India oil deposits and hence extraction is a reality. Also, as the regulatory powers such as the issuance of licenses were completely concentrated in the hands of the Minister, all activities had been disrupted when there was a change of the Minister. Therefore, we have decided to transfer all the powers of the Minister to the Board of Directors of this Authority. Also, a modern map was prepared to replace the existing traditional map for oil and gas exploration,” the Minister added.

The Bill will also introduce a strong legal framework to protect these large investments and appoint a special committee to advise the minister, as billions of dollars will have to be invested in the industry, the Minister of Energy said. He also stated that he intends to seek the assistance of Sri Lankan experts in the field from around the world in this regard.